Why China’s RMB exodus IS the story
There is a huge developing story in China’s currency, the renminbi.After years of structural under-valuation, things are changing.China faces what we have described before...
China-Focused M&A Accounts for Record Share Globally
Mergers and acquisitions activity involving Chinese companies is at a record high so far in 2012, driven largely by finance-related companies.
China’s economic data disaster
China’s trade data for April came in well short of expectations on Thursday, and was followed by a raft of more disappointing data on Friday.Here are a few highlights,...
RRR cuts ≠ credit easing. Keep saying it.
Pretty much every China watcher, including us, has written in recent months about how reserve ratio requirement (RRR) cuts by the People’s Bank of China are not necessarily...
And the latest US bank holding companies are…
… a Chinese sovereign wealth fund, its bank-investing subsidiary, and China’s largest bank by assets (which is ICBC).Click image for the full Fed approval doc:CIC,...
China’s post-stimulus metals demand growth could actually be flat
Here’s a bearish take on what the post-stimulus, rebalancing Chinese economy will mean for demand of steel, copper and aluminium:Adjusting to a new paradigm: We see a no/low...
Is China’s Tencent a Good Facebook Proxy?
The Facebook IPO is offering some perspective for investors in China's Tencent, which has risen almost 50% so far this year.
Guest Columnist at The Striking Price for Barron’s: Why I Am Short Fear
Today I am a guest columnist for The Striking Price on behalf of Steven Sears at Barron’s, weighing in with Be Greedy While Others Are Fearful. The Barron’s article is a quick summary of some of the reasons I am short fear. Essentially, I am short...
"Why a More Flexible Renminbi Still Matters"
A quick one while waiting for Bill Clinton to take the stage at the conference I'm attending. This is Ken Rogoff: Why a More Flexible Renminbi Still Matters, by Kenneth Rogoff, Commentary, Project Syndicate: One of the most notable macroeconomic...
Why China’s commodities demand is different
A lot of optimistic projections for China’s commodities demand look something like this:The premise is fairly straightfoward: you take the country’s current level of GDP per capita,...
Chinese palaces, in central Ireland
For anyone who’s ever looked at the Chinese property boom and had the phrase ‘Ireland of Asia’ cross your mind… this one’s for you.Here’s...
