Issue 15 of 2008    Total issue 216
Cover Story
Rethinking China's Tight Monetary Policy

Facing so many variables -- credit control, price distortion, export pressure, and more -- should policymakers change course?

Economic Crises and Survival of the Fittest
Oil price controls and reliance on exports will be affected by the economic downturn in the U.S. Yet survival is possible.
Blessed by a Bubble?
As history suggests, today's housing bubble may be better than originally conceived.
Major Stories
Regulatory Cracks Surface in Fraud Probes
An online commodity exchange operator apparently flew the coop with client cash, raising questions about market oversight.
Hard Knocks for a Policy Bank in Transition
China Development Bank was already wrestling with transition issues when its latest Barclays stock plan was shot down.
Former Morgan Stanley Exec Faces Charges
Du Jun, former managing director for Morgan Stanley has been charged by Hong Kong authorities with criminal insider trading.
Ode to the Downfall of a Finance Emperor margins
To become a famous composer, Wang Yi didn't have to read music. All he needed was the power to regulate securities markets.
Haier Treads Carefully Toward GE Offer
General Electric's appliance business could give China's Haier a coveted U.S. sales network. But financial risks loom.
Lights May Flicker as Coal Crunch Mounts
Rising coal prices are aggravating a power shortage in China that’s more serious than expected – and likely to worsen soon.
Behind Developers' Encouraging Results
While real estate developers’ half-year results look encouraging, challenges are mounting up for the rest of the year. 
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