Forget war in Korea–it's a possibile real estate tax in Shanghai that's hurting stocks there today
Will Shanghai? Won’t Shanghai? Introduce a real estate tax that is. The Shanghai stock market rallied yesterday, May 24, on speculation—and that’s all any of this is—that the city government would put off any real estate tax for three years. Any tax on property...China's stock market bear: How long are its claws?
On May 11 China’s stock market slipped into official bear market territory so quietly you’d think it was no big deal. The Shanghai Composite Index fell 1.9% putting it down 21% from its November 23 high. What’s next? Predictions fall into two diametrically opposed...China tightens again–speculation rises on when the big moves will come
Another order from the People’s Bank of China for China’s banks to increase reserves has set off a wave of speculation about how many more reserve increases are in the cards, when the central bank might raise its benchmark interest rates, and when China might decide...Today's batch of rules to shrink the real estate bubble in China isn't likely to do the job either
The regulators keep turning the screws on the Chinese real estate market. After data showing that prices climbed at a record annual 11.7% rate in March, officials in Beijing know they have to do something. But they’re reluctant to take the big step of raising interest...Tomorrow's GDP report will add to fears of inflation in China
Sneak preview on China’s first quarter GDP and March inflation from Reuters today, April 14. China’s economy grew about 11.9% in the first quarter from a year earlier, unofficial numbers available in Beijing say according to Reuters. That would be above even the...The renminbi moves closer to climbing against the dollar
It looks like the fix is in. The governments in Beijing and Washington look like they’re figured out a formula that will lead, sooner rather than later, to an end to the renminbi/dollar peg and the appreciation of China’s currency versus the dollar. Sooner, I’d say,...China's growth speeds up–and that's not all to the good
I’m filing this post from the beach. I’m on vacation the week of March 29 to April 2. Unless the sun stops shining here in the Bahamas (or the kids decide to hire themselves out on a fishing boat), I don’t anticipate filing more than once a day for this week....Jim’s Daily Email Alerts:
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