Archive for February, 2012File not found. What’s up with Taiwan banks?
CLSA rates all Taiwan banks as SELLs, argues that the housing and tech bubbles are coming close to bursting, and banks will need to raise much capital.China’s inflation in the long-run, according to BarCap
Yiping Huang of Barclays Capital believes that in the long-run, China is entering of period of high inflation, and will be a source of global inflation.China’s capital outflow slowed significantly in January
The position of forex purchase and trade figures suggested that capital outflow has slowed down greatly for January.Greek Tragedy: assisted suicide of Greece, by Germany?
Wolfgang Münchau points out that the proposed solution for the Greek debt crisis has gone to a point that’s is not compatible with democracy.China real estate market is getting weaker and weaker
No city reported rising home prices for January, and increasing numbers of cities are reporting falling prices over the past few months.China’s high-speed rail constructions grind to a halt
Amid lack of funding and safety concerns, high-speed rail constructions in China grind to a halt.People’s Bank of China cuts reserve requirement ratio by 50 bps
The People’s Bank of China cuts reserve requirement again by 50 basis points, effective on 24 Feb.In China, We Trust…
Only 8% of investors being surveyed by BofA/Merrill Lynch this month thought there will be a hard landing for China.Does this in any way tell us how to solve the Eurozone crisis?
ECB’s research provide evidence that markets do watch football, and trading volume fell during the match.Social security fund of China sells Chinese banks again
The Social Security Fund has just sold some Chinese banks shares again, and in fact they have been selling since we knew they sold some last time.China’s exports fell, imports fell even more in January
China’s exports fell by 0.5% in January from a year earlier, while imports fell by 15.3%. Trade surplus widened as imports weakened more significantly.European Central Bank keeps interest rate unchanged at 1.0%
The European Central Bank keeps main interest rate unchanged at 1.0%.Bank of England MPC keeps interest rate unchanged, expands QE to £325 billion
The Bank of England maintains interest rate at 0.5%, with asset purchase programme increased to £325 billionChina’s inflation accelerated to 4.5% in January 2012
China’s inflation unexpectedly acclerated in January to 4.5% yoy, largely due to the distortion from the Chinese New Year, which pushed food prices up.China’s electricity output fell 7.5% in January
China’s electricity output fell by 7.5% yoy in January. Chinese New Year alone, however, may not be able to fully account for the drop.Willem Buiter: Greek eurozone exit probability rises to 50%
Willem Buiter of Citi raises the probability of a Greek eurozone exit from 25-30% to 50% for the next 18 months.As if there were not enough unoccupied flats, more social housing to come
Despite empty flats everywhere, the social housing construction will show no signs of slowing.Busted company’s boss in Wenzhou arrested, billions in debt
One boss and his directors are arrested as his company in Wenzhou went bust, leaving billions of debt.IMF: China’s growth could be slowed by 4 percentage point if eurozone blows up
IMF sees China’s growth to slow by 4 percentage point if eurozone blows up, but fiscal stimulus od the size of 3% of GDP could cushion the shock.Has the Chinese economy begun rebalancing, really?
It is hard to see how rebalancing from investment to consumption has started if investment growth has consistently beat retail sales growth.