“Terrorism” is not, and should not be, a magic word.
There’s ample room for optimism here: a highly-damaging IPO embargo is over, Rmb 30 billion ($5 bn) has been raised, and there’s clearly investor appetite for more new issues.
How far down can prices go? As the Mexican bank example showed, even when prices have dropped from 3-4 times book down to book, they can still drop a lot more.
As long as bad loans (as I am defining them here) are increasing, it is pretty safe to assume that the gap between China’s real economic output and its recorded output is also increasing.
China’s Capital Markets Go From Feast to Famine and Now Back Again, China First Capital New Research[2014-01-27]
The sun is shining again on China’s capital markets and private equity industry. That’s good news in itself, but is also especially important to the overall Chinese economy.
I’d like the government to liberalise the prices of at least three things: utilities, credit and the currency.
The question before us is whether Singapore will suffer a financial crisis similar to Iceland. To answer this question, it is important that we have small understanding of the Icelandic financial crisis.
An accumulation of risk factors does not guarantee a catastrophic event but only increases the probability necessitating a catalyst event to cause a crisis.
While bank lending has remained quite constrained shadow financing channels and related liabilities have exploded.
I figure that if Beijing is thinking seriously about a Tobin Tax, that means they are worried about unrestricted capital flows.
The question of whether Huawei is in cahoots with Beijing is still unknown, still alleged, essentially a big meatball bouncing around out there tarnishing the company’s reputation.
I would argue that if China’s GDP continues to grow annually at above 7% in 2014 and 2015, this will be precisely because Beijing did not implement the reforms.
China, and many other countries, substantially equate innovation and patents, going so far as to measure success in innovation by the numbers of invention patents granted.
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