Issue 12 of 2009 Total issue 239
Print:2009-06-08
Print:2009-06-08
Cover Story
- Diet Risks at a Government Finance Feast
- Loose credit has encouraged local governments to finance projects with hybrid bonds and debt platforms. Are the risks too high?
Editorial
- Liquidity's Role in Delusions of Recovery
- Chinese market rallies, commodity prices and U.S. improvements are fueling hopes of an economic turnaround. Don't be fooled.
Economist
- Tight Spot for Fed, Blind Spot for Investors
- Market chatter over green shoots and rising prices has fueled a bear market rally that won't last, despite policymaker 'noise.'
Major Stories
- Iron Price Wrestling Peaks for Chinese Steel
- China's steel mills are refusing to rubber stamp price reductions hammered out by iron ore suppliers and other Asian buyers.
- Wetlands Concern Forces Refinery Relocation
- Kuwaiti and Chinese partners need a new Guangdong Province site for a petrochemical complex now that Nansha has been spared.
- Fiscal Credit Puts Reform on Slippery Slope
- Vast credit expansion by local governments and their bank partners may jeopardize China's market reform and economic recovery.
- Gome Hatches Plan to Raise HK$ 3 Billion
- New shares and a private equity bond deal could revive appliance retailer Gome, although its jailed founder still wields clout.
- Mainlander Takes HKEx Helm in Rough Seas
- Putting an investment banker from Beijing in charge fits a Hong Kong stock exchange strategy for navigating the future.
- High Hopes for Hummer's Curious Suitor
- Some mysteries about a Chengdu company's offer to buy GM's Hummer vehicle have been answered. But questions remain.
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[ICP License: 070301] IDC License:[B2-20040250] Advertising Business License:[京海工商广字第0407号]
Copyright by Caijing. All Rights Reserved