Archive for January, 2008
Wednesday, January 30th, 2008
So the dollar is recovering, now at about parity with the Canadian dollar, and finally back under 2 pounds to the dollar. The RMB keeps on rising though, and has just broken 7.2.
BGSHARETHIS.addEntry({ title: "Currency speculation", url: "http://www.cibmagazine.com.cn/theyuanalsorises/index.php/2008/01/30/currency-speculation/" });
Posted in RMB, Bradley Gardner | No Comments »
Tuesday, January 29th, 2008
“We’re officially supposed to be back at work on Valentine’s Day, the 14th. But I won’t be back until the 18th. I’ll just tell my boss that I couldn’t buy train tickets back to Beijing and take a few extra days off.”
So said a Chinese friend of mine when I ...
Posted in Matthew Plowright, cib | 1 Comment »
Monday, January 28th, 2008
So I was at the China Securities Conference last month, in the lovely Hongqiao suburb of Shanghai. It was the first time I had been to Shanghai and run across a large selection of dirty corner noodle shops (I find Shanghai annoyingly clean), and about 2 small brothels on every ...
Posted in Finance, Stock Market, economy, Bradley Gardner | No Comments »
Thursday, January 24th, 2008
My former employers, MSN, have just launched a fully revamped online mapping service in China (Chinese language only). Unlike in many other markets, where its unique selling point in its bid to upstage Google Maps is its 3D Bird’s Eye View capability – an area where MSN actually does it ...
Posted in internet, Matthew Plowright | No Comments »
Wednesday, January 23rd, 2008
I've been at the 2008 China Securities Conference for the past few days, the first day of which correlated with a 7% drop in the market, and the second day of which a majority of the attendants were mysteriously missing. The conference was amazingly interesting, and everyone seemed to be getting ...
Posted in Finance, Bradley Gardner | No Comments »
Thursday, January 17th, 2008
Being a business journalist in China and living in a city which is growing all around me, it is easy sometimes to forget that the Middle Kingdom is not the world's only economic growth story at the moment.
With the US and Europe currently in an extremely pessimistic state of mind in terms of their ...
Posted in India, Matthew Plowright, economy | No Comments »
Wednesday, January 16th, 2008
Interesting article in the Wall Street Journal about China Development Bank not buying into Citigroup. No one is quite sure why at this point that Morgan Stanley is in and Citigroup out, but the article does sum up the hair brained and not so hair brained reaction to Chinese currency ...
Posted in Finance, Bradley Gardner | No Comments »
Tuesday, January 15th, 2008
So I don't know how many of our readers have figured this out at this point, but I'm a dork about Central Banking. So with a likely change at the helm of the PBOC coming up in the next few month I can't help but be on edge.
Today I read ...
Posted in Finance, economy, Bradley Gardner | No Comments »
Monday, January 14th, 2008
Article in the Australian, provides some hope that Sinophobia is going out of style
INDIAN Prime Minister Manmohan Singh arrived in Beijing on a three-day visit yesterday, insisting he would have no part in any alliance with the US, Australia and Japan aimed at "containing China".…"I have made it clear to ...
Posted in cib | No Comments »
Friday, January 11th, 2008
Steven Q. Andrews, a Washington DC-based environmental consultant, has written a very revealing piece in the Wall Street Journal suggesting that the official air pollution statistics for Beijing are both misleading and artificially low. Andrews points out that in 2006, the State Environmental Protection Agency stopped taking air quality readings ...
Posted in environment | No Comments »
