Archive for January, 2011

Wu Zhijian: Will USD continue its weakness (伍治坚：美元弱势还将继续)

Jan 28

Posted by Wushu in Currency China (汇率解析), Macro China (国际视点), Publication (出版发行) | No Comments

US Dollar, as the world anchor currency, has started to lose its value since 2007 against most other currencies. The central Bank of USA, FED, seems not hesitant at all to continue to boom the economy and monetize the federal debt through more money printing. So what is the implication of FED’s policy on the value of USD? What is the outlook of USD in 2011? Wu Zhijian offers his view on Lianhe Zaobao.

作为国际通用货币，美元的币值在最近几年连年下滑。这其中有许多原因，08年开始的金融危机首当其冲。那么美元的下滑趋势在2011年会得到遏制么？国际货币在新的一年会有什么新的动向么？伍治坚在联合早报上发表了自己的观点。 Read the rest of this entry »

The True Face of China’s Inflation (通胀到底有多高)

Jan 25

Posted by Wushu in Commodity China (商品风暴), Macro China (国际视点), Stats China (统计图表) | 1 Comment

How much is China’s inflation indeed in 2010? Seems it is a question that nobody has a definite answer to. The Bureau of Statistics releases CPI every month. However, that number is highly suspected by large numbers of people. In order to get a clearer picture, Chinatells collected the price change of a few food items such as Palm, sugar, hog and barley and compare them to a year ago. Read the rest of this entry »

China continues to top FDI recipients league table (招商引资方兴未艾)

Jan 25

Posted by Wushu in Investing China (投资视角), Macro China (国际视点), Stats China (统计图表) | No Comments

China continues to top the league table of net FDI inflows among Asian countries. In 2010, China has attracted a net FDI inflow of about 106 Billion USD, which is almost equivalent to the sum of all other countries in Asia. Also China’s FDI inflow has continued to increase since 2004 with a minor blip in 2009. Read the rest of this entry »

China’s labor cost still competitive (劳力成本依然低廉)

Jan 25

Posted by Wushu in Investing China (投资视角), Macro China (国际视点), Stats China (统计图表) | No Comments

China’s Labor Cost is still among the lowest in the region, at least for now. According to a survey done by Japan External Trade Organization, the labor cost and basic wage (monthly) in Chinese cities are still among the lowest compared to peer cities in Asia. Read the rest of this entry »

Tick Tick of China’s Time Bomb (子弹在飞？)

Jan 21

Posted by Wushu in Macro China (国际视点), Property China (房产透视), Stats China (统计图表) | 1 Comment

Is there a bubble in China’s construction sector? Is the property price over stretched in China? The answer seems to be certain. A lot of people view China’s property sector as a time bomb that will explode sooner or later (Click here for an interview with Jim Chanos, who is very bearish on China). However, the bears have been repeatedly wrong in the past few years. Read the rest of this entry »

China Steel and Aluminum Price on the rise (钢铝价同升)

Jan 21

Posted by Wushu in Commodity China (商品风暴), Investing China (投资视角), Stats China (统计图表) | No Comments

China’s Steel and Aluminum price both kept rising in the last few months of 2010. For example, steel price went above 4400 RMB/T in December, and the price of Aluminum exceeded 16,000 RMB/T. China is one of the worlds’ biggest importers of Steel and Aluminum, Read the rest of this entry »

China Iron Ore Import picks up in year end (年末铁矿进口急升)

Jan 21

Posted by Wushu in Commodity China (商品风暴), Investing China (投资视角), Macro China (国际视点), Stats China (统计图表) | No Comments

China’s Iron Ore Import picks up aggressively in November and December of 2010, finishing the whole year import at a strong level of about 619 million tons. The 2010 import volume is slightly lower than that of 2009, but still significantly higher than previous years. Read the rest of this entry »

伍治坚：伯南克的世纪豪赌 (Wu Zhijian: A Gamble for Bernanke)

Jan 16

Posted by Wushu in From China (内部思潮), Publication (出版发行) | No Comments

As the chairman of the central bank of the world’s most powerful nation, Ben Bernanke has a good reason to be the focus of all. During these two years, however, Bernanke seems to be battling with a huge gamble: a gamble that he has put in all the stake, especially his faith and reputation, and the potential consequence that will likely change the lives of millions of people. Wu Zhijian comments on such a gamble that Bernanke is taking in Lianhe Zaobao.

作为美联储的主席，伯南克的一举一动都处于世界的关注之中。有时候伯南克发表的一小段言论都足以在金融市场搅起各种波澜。那么处在这个旋涡中心的伯南克是否真的如市场传言那样可以随心所欲为所欲为呢？伯南克在最近2年陆续推出的一系列极富争议的政策对他本人来说意味着什么呢？伍治坚在联合早报上的署名文章对此作出了评论。 Read the rest of this entry »

Dongguan’s Ghost Mall (东莞空城计)

Jan 13

Posted by Wushu in Macro China (国际视点), Property China (房产透视), Video China (镜下百态) | 1 Comment

China went through a property boom in 2009/10. Yet the concerns on the property bubble are only growing stronger. Above is a video of an empty mall in Southern China.

鄂尔多斯有个空城，东莞有个空楼。这座所谓中国最大的购物大厦至今仍是空空如也，没有什么顾客光顾。

Book China: MR China – a memoir (中国先生)

Jan 6

Posted by Wushu in Book China (书海纵横) | No Comments

Mr. China tells the rollicking story of a young man who goes to China with the misguided notion that he will help bring the Chinese into the modern world, only to be schooled by the most resourceful and creative operators he would ever meet. Part memoir, part parable, Mr. China is one man’s coming-of-age story where he learns to respect and admire the nation he sought to conquer.