China’s Catastrophic Deleveraging Has Begun
1. The frustrated and aggressive central bank If one wants to know how bad the health of China’s economy has gone, look no further than the PBOC‘s composure, which seems rather frustrated and aggressive as of late. On 5th July, the central bank cut benchmark interest rates for the 2nd time in less than a … Continue reading »
China Faces Pension Crisis
Study predicts a USD 2.8 trillion pension shortage in China next year. By the year 2013, China will face a pension gap of RMB 18.3 trillion (about USD 2.8 trillion), says Ma Jun, chief economist and investment strategist of Deutsche Bank Greater China, and Cao Zhengyuan, chief economist of Bank of China, in a recent report titled … Continue reading »
China Weibo can’t handle the truth
On the Internet in China, the “truth” has vanished. The truth is not out there. The Chinese word for “truth” (真相) has been blocked from Sina Weibo, China‘s leading social media site. It might seem like a bad Orwellian joke, or a satirical headline from “The Onion,” but it’s true. This is what CNN saw … Continue reading »
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