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.
Archive for January, 2011
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 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 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 »
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’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’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 »
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.
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.