Icbccss&p500usd Discussion Threads

[briarberry] 18/3/2011 12:46

The Chinese central bank, remaining mindful of inflationary pressures, orders an increase of half a percentage point in the reserve requirement ratio, the third such increase seen so far in 2011.

[briarberry] 09/3/2011 23:56

Zaiteku and China's January inflation

Let's face it – most Chinese growth is the result of overheated investment, and removing the sources of overheating without eliminating growth is going to prove impossible. I have been making the same argument for at least two or three years, and so far we have seen how Beijing veers between stomping on the gas when the economy slows precipitously and stomping on the brakes when it then grows too quickly. I don't believe anything has changed.

[briarberry] 09/3/2011 23:56

Lots of stats (link from the gold fred)

[briarberry] 09/3/2011 00:50

BEIJING, March 8 (Xinhua) -- China needs to diversify its massive holding of foreign exchange reserves to prevent consistent devaluation amid volatile global economic conditions, a leading Chinese economist said on Tuesday.
...

"China should moderately increase the size of gold in its foreign exchange reserves," Li said at plenary session of the CPPCC National Committee.
...

Li also advised to use the foreign currencies to buy land, mines, forests and even blue chip stocks overseas, a move which he said could bring more returns than the holding of foreign bonds.

[briarberry] 07/3/2011 18:40

Hello Hectorp, as you can imagine I'm no China expert but if I was looking to buy I'd wait and see what happens after the tighening starts to bite...



(March 7) SALES of existing properties plunged more than 60 percent in Shanghai last month as buyers were put off by the latest government measure to ban home buying.

Jing'an, Luwan and Jiading districts saw the largest drops of more than 70 percent.

A total of 7,900 units of existing real estate, mainly homes, were sold across the city in February, a drop of 62 percent from January, according to a latest report released by Century 21 China Real Estate.

...

BEIJING, March 1 (Xinhua) -- Beijing saw sharp declines in home sales in February following the enacting of a group of measures to cool the housing market, local authorities said Tuesday.

The city reported sales of 3,436 new homes, down 70 percent from the sales figure in January, said Beijing's real estate transaction management website run by the municipal commission of housing and urban-rural development.

[hectorp] 06/3/2011 14:49

On a 20 year chart, CHINA has 54% upside over the next 2-3 years ( 1995 onwards) taking the 3 great tops as resistance.
Must say I am getting tempted back towards china soon.
My main drawback was that poorer workers would be hit by food and basic goods inflation.
However the tax break in the post above could be just the sort of tactic needed.
H.

[briarberry] 02/3/2011 01:52

Everyone was on holiday for New Year ?


The official Purchasing Managers' Index, a comprehensive gauge of industrial activity across the country, lost 0.7 percentage points from January to 52.2 percent in February, the China Federation of Logistics and Purchasing said yesterday.

It was the third fall following January's 52.9 percent, December's 53.9 percent and November's 55.2 percent.

...

The contraction of manufacturing activity was also mirrored in the HSBC China Manufacturing Purchasing Managers' Index, which fell to a seven-month low of 51.7 in February from January's 54.5.

[briarberry] 27/2/2011 22:54

Open University - Top downloads - number 6

6. Beginners' Chinese

[briarberry] 22/2/2011 18:45

China told banks, which have lent at least $1.2 trillion to local governments, to recalculate capital levels by March 31 to account for higher risk weightings on such loans, two people with knowledge of the matter said.

[briarberry] 18/2/2011 10:51

China hikes banks reserve requirements 0.5%

[briarberry] 17/2/2011 17:12

MACAO, Feb. 17 (Xinhua) -- The average transaction price of Macao's residential units increased by 33.5 percent year-on-year to 31,036 patacas (3,879 U.S. dollars) per square meter of usable area for the whole year 2010, according to the figures released on Thursday by the city's Statistics and Census Service ( DSEC).

[briarberry] 15/2/2011 14:05

M2, the rate rises and the new limits on the property market are only having a minor effect, so far...

Broad money supply as measured by M2 was up 17.2% at the end of January from a year earlier, compared to a 19.7% on-year rise at the end of December.

[briarberry] 15/2/2011 12:49

Prices have risen so much that the average apartment now costs about 29 times the average salary here.

The city of Wuhan in central China (A typical Chinese city).

[briarberry] 15/2/2011 08:41

Sales of new properties in Shanghai reportedly grind almost to a standstill in the first two weeks of February.

[briarberry] 14/2/2011 10:15

China drought could be 'devastating'

"We haven't seen it this dry since the Mao Tse-tung era," he recalls, "But when I was a boy, men dug the wells in this village with picks and shovels; the water was just a few metres below the ground.

"Now they bring a machine and drill for more than 200 metres down. It will take more than spring rains to change that."