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Tag Archives: beijing
China Loses All Control, Spends 600 Billion Yuan On Plunge Protection In August, Tightens Capital Controls
China Loses All Control, Spends 600 Billion Yuan On Plunge Protection In August, Tightens Capital Controls Back on July 20, Caijing reporter Wang Xiaolu suggested that China Securities Finance – the state-owned plunge protection vehicle – may be set to exit the market. That sent futures plunging and ultimately led to Mr. Wang’s arrest late […]
China “Punishes” Hundreds For “Maliciously” Manipulating The Market
China “Punishes” Hundreds For “Maliciously” Manipulating The Market The deadly chemical blast in the Chinese port of Tianjin was a preventable catastrophe in which more than 100 people lost their lives thanks in part to what looks like the political connections of the warehouse’s owners and although an upfront, transparent investigation and honest assessment of […]
China Is Pushing On A String Ensemble
China Is Pushing On A String Ensemble Look, it’s very clear where I stand on China; I’ve written a lot about it. And not just recently. Nicole Foss, who fully shares my views on the topic, reminded me the other day of a piece I wrote in July 2012, named Meet China’s New Leader : Pon […]
It’s Not Just China You Should Be Worried About
It’s Not Just China You Should Be Worried About Junk Rolling Over TIVOLI, New York – Chinese stocks fell hard on Tuesday. The Shanghai Composite plunged more than 6% – the biggest fall in three weeks. Our research team in Beijing is downcast. “Nobody here wants to hear about stocks,” they tell us. Image credit: […]
China explosions: Cyanide in waters near blast site said to be 277 times acceptable level
China explosions: Cyanide in waters near blast site said to be 277 times acceptable level Drinking water in Tianjin meets national standards, health authority says Chinese authorities warned that cyanide levels in the waters around the Tianjin Port explosion site had risen to as much as 277 times acceptable levels although they declared that the […]
Toxic Rain Feared In Tianjin As Death Toll Rumored At 1,400
Toxic Rain Feared In Tianjin As Death Toll Rumored At 1,400 The fallout from last week’s massive explosion in the Chinese port of Tianjin continues to worsen, despite Beijing’s best efforts to play down the danger to the public. The official death toll from the apocalyptic blast – which was described by witnesses as akin […]
The US-China “Currency War”: Winners and Losers
The US-China “Currency War”: Winners and Losers American politicians aren’t congratulating the Communist Party in Beijing for its success in following the capitalist proverb “enrich yourself,” but screaming foul play: China falsifies the exchange rate of the yuan so that it can make more money off the USA than vice versa. The accusation, made by […]
Desperate move by China a worrying sign: Don Pittis
Desperate move by China a worrying sign: Don Pittis Instead of boosting economy there is danger China’s sudden move will hurt confidence The father of Western medicine, Hippocrates, had some advice in 400 BC that has been passed down to today: “Extreme remedies are very appropriate for extreme diseases.” As the world responds to this week’s extreme andunexpected devaluation by the Chinese […]
China’s Plunge Protection “National Team” Bought 900 Billion In Stocks, Goldman Calculates
China’s Plunge Protection “National Team” Bought 900 Billion In Stocks, Goldman Calculates In, “The Complete Guide To China’s CNY 4 Trillion Margin Doomsday Machine,” we presented a comprehensive look at the various backdoor channels the country has used to skirt official restrictions on leveraged stock trading. Here, courtesy of BofAML, is a breakdown of these […]
Scotiabank Warns “The Fed Is Cornered And There Are Visible Market Stresses Everywhere”
Scotiabank Warns “The Fed Is Cornered And There Are Visible Market Stresses Everywhere” Part One, China An economic slowdown is underway in China. This is reflected in the steep drop in the commodity complex and in the currencies of emerging market countries. Large imbalances are being worked off as Beijing attempts to shift the composition of […]
Op-Ed: U.S. should think twice before retaliating against China over unfounded hacking charges
Op-Ed: U.S. should think twice before retaliating against China over unfounded hacking charges The United States is on the brink of making another grave mistake under the name of protecting cyber security, as it is reportedly considering retaliatory measures against China for unfounded hacking accusations. Senior U.S. government and intelligence officials were quoted by a […]
Breaking Down China’s $23 Trillion Debt Pile
Breaking Down China’s $23 Trillion Debt Pile Back in April, we highlighted Beijing’s “massive debt problem“, noting that as of last year, total debt in China amounted to some $28 trillion when you include government debt, corporate debt, and household borrowing. As Bloomberg noted at the time – and as we’ve discussed extensively – Beijing […]
Blame the Fed for the Commodities Slump
Blame the Fed for the Commodities Slump When we left you at the end of last week the world was falling apart. As you know, the economy functions on electronic credit… not cold, hard cash. Without the banks pumping more credit into the system – by way of loans – it sags. The Dow fell […]
Chinese Stock Plunge Resumes With 1200 Stocks Halted Limit Down; Yellen, Greek Elections On Deck
Chinese Stock Plunge Resumes With 1200 Stocks Halted Limit Down; Yellen, Greek Elections On Deck Just when the Chinese plunge protection team (and “arrest shortie” task force) seemed to be finally getting “malicious selling” under control, first we saw a crack yesterday when the composite broke the surge of the past three days as a […]
China Is Just Another Front in the Zombie War
China Is Just Another Front in the Zombie War LONDON – This morning, a desperate message from our analyst in Beijing puts us in a lighthearted mood: I’m sure you must have heard about the recent disaster in the Chinese stock market. It’s my first time experiencing something like this. And it shocked me. It’s […]
