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Nov30
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As mentioned before and a keynote reminder in the news every hour since two days ago, Abu Dhabi's Investment Authority bailed out Citigroup with a $7.5 billion injection. But here's something new: China Investment Corp. (CIC), the Chinese central bank's investing arm, plans to invest some of its $1.46 trillion (largely gained from forex reserves) in capital markets heavily hit by the subprime crisis. The CIC seeks to be a "stabilizing force for the financial markets". The fund has a long term goal of obtaining a 5% return, relying mostly on tradable securities in international markets. The size of worldwide sovereign funds will grow to $7.9 trillion by the end of this month, reports Merrill Lynch. The steady growth of sovereign funds means that there are institutional buyers of last resort who can save the financial markets. But these funds are not run by philanthropists; they will only invest where they see fit. So will they save us from the crisis?
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Nov28
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The financials have a better outlook compared to just a few days ago. Citi, the largest commercial and investment conglomerate that was heavily exposed to subprime, is now slowly climbing out of the red via a surprise investment from the...
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Nov27
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This holiday saw the revival of US consumerism (on Black Friday), essentially relieving the weight of recession on the market. But then another problem has risen: yet another step backwards in US-China relations. What happened over Thanksgiving 2007? The USS...
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Not only is the US pushing China economically to their advantage, Europe is also firing up their engines. Perhaps the onset of a worldwide credit crisis is slowing down European growth by too far a stretch that the Europeans now...
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Nov23
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Here is a tag cloud I created (thanks to tagcrowd.com) on the content of 17 blogs on China that I read on a daily basis. Filtering out the word "China" and other common words, the tag cloud focuses on what have...
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Nov22
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As China's economy continues to rise, its tradition trading partners are falling fast behind. Europe can no longer say for sure whether it reaps benefits from China's growth as its exports to China are slowly staggered, weakened and substituted. China...
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Nov21
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Shanghai Daily reports: "PARIS Hilton, the millionaire heiress to the Hilton hotel chain who has turned her heavy-partying ways and scintilla of talent into countless tabloid headlines, is in town for the first time to attend Friday's 2007 MTV Awards...
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Nov20
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Here are some news links for your pleasure:"Shanghai considers allowing multinationals to list"-- Coke, HSBC and Siemens as potential companies to be listed in Shanghai. New competition for Hong Kong Stock Exchange?"Chinese Small Cap Speculators Wiped Out"-- Speculators in small cap...
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Nov19
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Thanksgiving arrives this Thursday in the US, so I thought it'd be a good time to write an article about Thanksgiving, and its connections to China, before everyone disappears off for a somewhat ceremonial family gathering. Thanksgiving in China? That...
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Nov16
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China, the largest mobile phone market in the world, is getting a boost. Apple plans to sell the iPhone in Asia as early as next year, and China Mobile said on Tuesday that it is in talks with Apple to...
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Nov15
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According to one US think-tank, Chinese factories and power plants will emit more carbon dioxide than that released by US counterparts come 2017. The Center for Global Development, a non-governmental organization that works to reduce global poverty, suggests that China's...
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Nov14
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As most of us know, export of toys and other merchandise from China to the US has become more of a burden in recent months than anything. Fingers have been pointing back and forth, but ultimately, who is to blame...
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Nov13
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A stampede at a Chongqing Carrefour led China to ban time-limited sales promotion. When Carrefour decided to cut the price of its vegetable oil from 51.4 yuan to 39.9 yuan for a limited time only, the shopping spree became a...
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Nov12
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As food prices (on pork and vegetables) and commodity prices (on fuel) rise once again in China, there is a high probability that Beijing will increase rates amid an already troubled economy, said several economists surveyed by Bloomberg. Market prices is...
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Nov10
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Here are some links to end for the weekend:Is China unfairly bashed on piracy?HKU ranked 18th amongst the world's top 200 universitiesChina to invest RMB 5 bln in innovationBaidu.com: Still a Takeover TargetCanada 'Missed China Boat,' Says Hong Kong Commerce...
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Nov 9
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One of China's leading economists, Professor Lin Yifu, recently said of China's position in the world: 4th in GDP, 3rd in Trade, 2nd in Foreign Direct Investment and 1st in Foreign Exchange Holdings. Perhaps the fact that China is second...
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Nov 7
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According to the Shanghaiist, a typical person may be subjected to a possible 3,000 licences/permits/fees over the course of his/her life. Surely this isn't one of the perks of communism. Tianya Forum posted some of the rather interesting ones, and below...
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Nov 6
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More than 2,200 years ago, Chinese ancestors built one of the greatest monuments in the history of mankind: the Great Wall of China. Now, centuries later, Beijing is attempting to build something equally monumental: the Great Wheel of China. The...
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Nov 5
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The Chinese military have finally decided to build an exclusive telephone hotline with its American counterparts, confirmed US Defense Secretary Robert Gates and Chinese Defense Minister Cao Gangchuan, decades after the Cold War and the invent of the Internet.Both sides have...
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Nov 1
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Wendi Murdoch, wife of media mogul Rupert Murdoch (now of WSJ fame), spoke out to the media, albeit a tad ironic, during a special screening of the new film "Nanking", an account of the Japanese invasion of Nanking during World War...
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