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May 1, 2005

China
Will China get hit by the cover jinx?

It is a bit hard to start shorting the renminbi (RMB/ the Chinese currency) just because China has now made its appearance on the cover of Newsweek. It is hard to short something that has yet to be …

December 19, 2007

China
The alliance between China’s (nominally) communist government and Wall Street deepens …

The China investment corporation (the CIC) is investing $5b in Morgan Stanley, taking a 9.9% stake.That is a bit of a surprise, at least to me.   After the CIC's (mark to market) losses on Blackstone…

February 27, 2012

China
Can China Change Its Growth Model?

How many countries with nearly two decades of double-digit growth under their belt would look in the mirror and say, "Hey, it’s just not working anymore?" I daresay, not many. But that is precise…

The Oriental Pearl Tower is pictured through a glass wall as people walking past and the skyline behind are reflected on the wall in the financial district of Pudong. (Aly Song / Courtesy Reuters)

February 6, 2006

China
China reserve watch

I often launch into rants triggered by statements about China's reserve growth - and about hot money flows - that seem to be based entirely on the reported increase on China's reserves. My beef?  Chi…

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September 4, 2007

China
Close to $500b of debt purchased over the last 18 months, and not a cent of subprime …

China’s reserve managers – the State Administration of Foreign Exchange – recently reported that they have exactly zero exposure to US subprime mortgages.    “"China's official forex reserves don't…