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Macro Review with Shen Minggao January 9

By Shen Minggao, Jochen Brauer

Foreign banks disinvest in Chinese banks, export growth is declining and unemployment threatens many Chinese people.Shen Minggao draws the larger picture.

Week In Review
  • January 12 to 16
  • Sanlu went bankrupt, Sina acquires Focus Media, more airlines receiving help, interest rates cut again, financial talent searchers well received, environmental goals getting out of reach.
  • January 5 to 9
  • Migrant workers return home early, new regulations against corruption passed, 3G licenses issued, foreign investors sell stakes in Chinese banks, SAFE shuffled top officials.
  • December 22 to 26
  • Sanlu went bankrupt, Sina acquires Focus Media, more airlines receiving help, interest rates cut again, financial talent searchers well received, environmental goals getting out of reach.
  • December 15 to 19
  • Regulators want to limit access to junkbonds, Chongqing and Shanghai come up with creative plans, illegal land appropriation fuels peasants anger in Jiangxi, Chinese officials accepted bribes from Siemens, direct links to Taiwan are established.
  • December 8 to 14
  • Imports, exports, CPI and PPI drop in November, the Central Economic Work Meeting is setting policies for 2009, CIC is restructuring, Airlines in overhaul, COSCO scraps expansion plans, and officials on luxury vacation.
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