- Voodoo Economics Revisited
What we are seeing is agreement across the aisle on a very dangerous approach to public finance: a continuation and extension of what President George H.W. Bush memorably called “voodoo economics.”
- China's 3G Users to Hit 100Bln in 2011: Analyst
By the end of 2011, the number of 3G users is expected to hit 100 million and investments conducted by China’s three largest telecom operators will reach 75 to 78 billion yuan.
- China's New Lending Falls in Nov.
New loans totaled 564 billion yuan in November, central bank data showed on Friday, down slightly from 587.7 billion in October.
- Sinopec Buys OXY's Argentina Assets for $ 2.4Bln
China Petrochemical Corp, parent of Sinopec Corp, has signed an agreement with U.S.-based Occidental Petroleum Corp. to acquire its Argentina unit’s oil and assets for 2.45 billion U.S. dollars.
- Brazil's Vale to List in Hong Kong on Dec.8
The Sao Paulo-based Vale said it would list about 652 million common shares and class A preferred shares on the financial hub’s bourse, making it the largest listed foreign company in non-financial sector.
- 71 SOEs Still Remain Operation in Property
Only seven SOEs have sold their stake in less than 20 property firms after the government ordered 78 SOEs with no core businesses in the real estate industry to hand in a withdrawal proposal in March.