Monthly Archive for January 2011

How big is Chinese GDP?

Most of this week’s newsletter was about the release last week of China’s fourth quarter GDP growth numbers by the National Bureau of Statistics (NBS).  You can find the full NBS report on their website, but here is the key paragraph: According to preliminary estimation, the gross domestic product (GDP) for the year 2010 was 39,798.3 [...]

Once again I am starting to hear investors tell me that they have been advised by bank analysts not to worry too much about the impact of a banking crisis in China.  According to this argument, China has developed a very efficient and low-cost way to address banking crises, and the proof is that China’s [...]

China’s lending quota?

This year to everyone’s surprise the PBoC failed to announce 2011’s lending quota.  Instead it announced a series of new polices aimed at monitoring the banks.  According to an article in Thursday’s People’s Daily: The People’s Bank of China (PBOC), the country’s central bank, will check credit and capital levels of commercial banks each month [...]

Dear readers, From now on I will be posting abbreviated versions of my entries onto the blog.  The fuller versions will go out in the form of a weekly newsletter, mainly to the institutional clients of Shenyin Wanguo Securities (Hong Kong), with whom I started working in early 2010. I will also send the newsletter [...]