New home prices in China rise in 69 out of 70 cities surveyed in May, once again (previous) undermining government efforts to curb property inflation. Prices jump 12% and 10% in Beijing and Shanghai respectively, versus 10.3% and 8.6% gains posted...
“Leftover women” is a term used widely in media to describe women who are not married by age twenty-eight. Melissa Schneider, a couples counselor living in Shenzhen, believes that the so-called “leftover women” problem has...
China is 'demanding' information about what the NSA is up to, wink wink. Because they're totally, 100%, absolutely not in cahoots with Snowden or anything, of course not.
I hope these SWATters are found and get prison time.
This article is the second in Foroohar’s series on Chinese business developments and their effect on the global economy; read the first installment here. Wuhan, China — It’s tough to feel sorry for billionaires. But even they have taken...
ChinaSMACK is reporting that a user on China’s microblogging site Sina Weibo has invented “hairy stockings” as a way for young girls to fend off perverts. It’s hard to tell if these are real or imagined but given that some people...
$$$ U.K. Prosecutors Likely to File Libor-Manipulation Charges [WSJ] $$$ Fitch: ‘Unprecedented’ China Bubble Forming [CNBC] $$$ America Falls Behind in Creating Rich Entrepreneurs [CNBC] $$$ For almost eight decades, many Swiss bankers...
Filed under: Investing
If you own a shirt or a basic appliance, chances are it was made in China. For decades, China has been the largest source of manufacturing for companies, but the supply market could be headed for a major shift with a...
By Paulo Santos:It's just a murmur in the background, but the last two weeks have brought about a significant increase in volume. China's financial sector is facing what could possibly be a significant crisis.The latest event started with China...
It is likely no accident that Edward Snowden is hiding out in China. No country has benefited more from his revelations about the U.S. government's widespread eavesdropping and surveillance than the People's Republic. Indeed, Snowden almost...
Edward Snowden answers questions, including "Edward, there is rampant speculation, outpacing facts, that you have or will provide classified US information to the Chinese or other governments in exchange for asylum. Have/will you?" His answer is...
7 hours ago: Mish's Global Economic Trend Analysis
Via email here is another update from Michael Pettis at China Financial Markets. What follows is from Michael Pettis.
Special points
Europe is attempting to resolve domestic imbalances by forcing them onto their trade partners. This will end...
LONDON – Just as rich nations have passed the responsibility for carbon dioxide emissions to the developing nations, so the rich provinces of China have exported the problem to the poorest regions, according to new research. [More]
On June 18 China’s pioneering city of Shenzhen is set to notch up another first. From that day 635 companies in the Shenzhen Special Economic Zone—which in 1979 became the vanguard for China’s capitalist revolution—will start using...
The unprecedented level of credit expansion in China has gotten to the point where it dwarfs anything we’ve seen before with overall credit now at about $23 trillion, making a severe banking crisis a very real possibility.
With a shadow banking...
On Monday, NSA leaker Edward Snowden told The Guardian (UK) that he was not a spy for the Chinese government. “Ask yourself: if I were a Chinese spy, why wouldn’t I have flown directly into Beijing?” Snowden wrote on The...
China’s supercomputer is better than yours. The Tianhe-2 was ranked No. 1 on the TOP500 list of the world’s most powerful supercomputers. This marks China’s first return to the top position since November 2010, when the Tianhe-1A...
The scale of China's higher education system has developed so fast, the country fails to produce graduates who have the right skills for companies operating in China.
Why would anyone pay to watch a movie in China? I traveled to the country this month, visiting a friend who’d spent two years learning Mandarin and commuting by heavy bike, and stumbled onto the bootleg market without even trying. Walk down any...
Fitch continues to pound the table on China's shadow banking sector (previous). "We have no idea who the borrowers are, who the lenders are, and what the quality of assets is," Charlene Chu tells The Telegraph, adding that "we are already seeing...
