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China Datapoint of the Day, Aluminum Edition
Back in 2004, Alcan put together a slide show on China’s role in the aluminum industry. It included this chart, showing Chinese aluminum consumption from 1960 onwards, and anticipating a rise of 82%...
View ArticleChina IPO Datapoint of the Day
Helen Thomas keeps an eye on the China Railway IPO: The Hong Kong retail portion of the $5.5bn dual listing was 250 times oversubscribed – representing orders worth about $58bn. And this in a market...
View ArticleChina (and Inflation) Datapoint of the Day
Jim Surowiecki: According to the Yale economist Peter K. Schott, machinery and electronics products made in developed countries sell in the U.S. for four times the average price of Chinese products....
View ArticleWhere are the Chinese Stock-Market Riots?
Back in January, in the opening session at Davos, Yu Yongding sounded a warning. Yu also noted political risks in China: there are 150 million small Chinese stock-market investors who are going to be...
View ArticleThe Beijing Consensus
Alex Tabarrok reports on Sino-Syrian relations: "What can we do," the Syrian finance minister asked, "to increase Chinese investment?" "Well," the Chinese minister replied, "before we invest in Syria...
View ArticleChinese iPod Datapoint of the Day
From Robert Koopman, Zhi Wang, and Shang-Jin Wei: In trade statistics, the Chinese export value for a unit of a 30GB video model in 2006 was about $150. However, Linden, Kraemer, and Dedrick (2007)...
View ArticleChina’s Wen: “Cooperation is Everything”
Chinese prime minister Wen Jiabao spoke to CNN’s Fareed Zakaria while he was in New York for the UN General Assembly last week. He very rarely gives interviews, and this was possibly his most open...
View ArticleSoundbite of the Day, Customer Service Department
Tyler Cowen: Bush, Bernanke, Paulson — we call them leaders. The Chinese think of them as the customer service department. I suspect the Chinese get straighter answers from them than we ever do....
View ArticleA Smaller World
Lou Jiwei, the head of China’s CIC sovereign wealth fund, is saying some interesting things: “Right now we do not have the courage to invest in financial institutions because we do not know what...
View ArticleGeithner on China’s Currency Manipulation
Tim Geithner’s testimony about China’s currency manipulation is the top story in the world today, judging by the NYT’s front page. And he did indeed say three times in his written responses to the...
View ArticleWhy do the Chinese Want a Blackstone Stake?
We are long since used to the sight of US companies falling over each other to compete for the privilege of being able to invest in China. Part of this is because they see large returns down the road,...
View ArticlePaulson Hoist on His Own Petard (Yuan Version)
Yves Smith of Naked Capitalism submits: One of the Treasury Department’s big campaigns has been to put pressure on the Chinese to allow the yuan to float more freely (the Chinese now engage in a dirty...
View ArticleInequality Datapoint of the Day
From Shanghai-based data group The Hurun Rich List, via Marketwatch: There are currently 106 mainland billionaires, up from 15 last year… The report added that China’s 800 richest individuals have net...
View ArticleChina Datapoint of the Day
Eight of the 20 biggest public companies in the world, by market capitalization, are Chinese. The US has just seven of the top 20. To put it another way, China Mobile is worth more money than...
View ArticleChinese Banks: Still Weak
Industrial and Commercial Bank of China, or ICBC, has a market capitalization of $334 billion, making it by far the most valuable bank in the world. Citigroup, HSBC, and Bank of America are next on the...
View ArticleThe Citic Flip-Flop
On Friday, things seemed clear enough, with Citic issuing a clear denial that it would take an ownership stake in Bear Stearns. China Citic Bank, meanwhile, also denied that it was in talks to buy a...
View ArticleChina Datapoint of the Day
Value of PetroChina on Friday: $456.6 billion. Value of PetroChina on Monday: $1.004 trillion.
View ArticleSino-African Datapoint of the Day
Pascal Zachary: There are roughly 2,000 African students in China, most of whom are pursuing engineering and science courses. According to Juma, that number is expected to double over the next two...
View ArticleWhy China Doesn’t Want to Invest in Citigroup
The WSJ’s Rick Carew reports today that the Chinese government might prevent the latest proposed injection of Chinese capital into a troubled US institution. For a good backgrounder on where the...
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