G20 pledges to support banks, eyes bolder euro fund. Why China Just Can't Stimulate Its Economy Like It Used To. Lawmaker calls out China on Internet 'trade war' The chairman of the House intelligence committee is demanding that the U.S. and its allies “confront Beijing” over what he calls “a massive and sustained intelligence effort by [its] government to blatantly steal commercial data and intellectual property” over the Internet from U.S. and other firms trying to compete with China. “Beijing is waging a massive trade war on us all,” Rep. Mike Rogers, Michigan Republican, told a hearing on cyberthreats Tuesday. In an interview with The Washington Times after the hearing, Mr. Rogers said research-and-development secrets, cutting-edge production technologies, and proprietary financial and other information is being stolen by China’s foreign-intelligence services “at a breathtaking pace.”
“Not just from U.S. companies, but also from our allies,” he said. “It’s reached a point where [the United States] has to step out front” and provide some leadership to its allies, Mr. Mr. Mr. China Takes Bigger Stake in 4 of Its Banks. BRICs as mortar for the house Europe built? - Counting the Cost. Separately, they are but four countries - Brazil, Russia, India, and China. But with $4 trillion in cash reserves between them, the BRIC nations could play a large role in Europe's on-going debt crisis. China had already shown an interest in the Eurozone debt crisis, but what do the other emerging nations stand to gain from serving as Europe's lifeline? Is there opportunity to be had amid Europe's chaos, for the BRIC nations to begin buying up the massive debts of the continent? Also on the show, a wave of urbanisation across Asia, but with it comes the question of how the poor get their foot on the property ladder?
In an region prone to earthquakes, volcanoes, and tsunamis, there is a real need for adequate housing which can stand up to Mother Nature's fury when she inevitably rolls into the region. We look at a pilot project in Bangkok which aims to address the unique challenges of Asia's housing crisis. Here's Why Everyone's Suddenly Freaking Out About China. China Unveils First Gold ATM | Gold and Silver Blog. Pressure mounts on House GOP to vote on China currency bill. By Molly K. Hooper - 10/10/11 05:30 AM ET House Republican leaders are under mounting pressure to pass a China currency bill that is poised to clear the Senate.
Democratic leaders in the Senate are expected to roundly criticize the House if it does not act on what they are calling a major jobs bill. The currency measure could become a leading issue on the campaign trail in 2012, and anxious Republican rank-and-file members have said they will buck Speaker John Boehner (R-Ohio) if necessary. China has been accused of undervaluing its currency, the renminbi, which has led to an unfair trade advantage over the U.S. Boehner has called the China currency bill "dangerous," but 99 House Republicans voted for such a bill last year in the Democratic-controlled House. Boehner, Majority Leader Eric Cantor (R-Va.) and Majority Whip Kevin McCarthy (R-Calif.) voted against it in 2010. “I’m eager to hear the president’s position on it — will he sign it? Democratic Rep. The Truth About China: An Economy On The Verge Of A Nervous Breakdown. I just returned from a trip to New York, where earlier last week I gave a talk at the Council on Foreign Relations.
The topic was the question on everyone’s mind these days: the outlook for China’s economy. Over the past several weeks, a number of news reports and market figures have caught my attention, which appear to indicate that China’s economy may be approaching a crisis. I use the word “crisis” in the traditional (or medical) sense, meaning a critical turning point when tensions or contradictions are resolved, for better or worse — sometimes in unexpected ways.
One potential interpretation of this crisis is that China is entering the terminal stage of a bubble, and that what we are seeing are the early signs of a much broader collapse. But it may not be that simple. I have been saying since the year began that China is due for a correction, and just last week I told the Globe and Mail that such a correction could be a lot worse than most people expect. And for good reason: Emerging Equity Bears Turn Into Buyers After BRICs Retreat. (Updates today’s trading in ninth paragraph.) Oct. 4 (Bloomberg) -- The longest losing streak for developing-market equities in more than a decade is turning investors who shunned the stocks a year ago into buyers after valuations fell to the lowest levels since March 2009. TCW Group Inc.’s Komal Sri-Kumar, who advised purchasing options as insurance against emerging-market declines in October 2010, now recommends shares of consumer companies after inflation slowed in China and central banks in Brazil and Turkey cut interest rates.
HSBC Private Bank’s Arjuna Mahendran is adding Chinese stocks with dividend yields of more than 4 percent. Harris Private Bank’s Jack Ablin said he may boost emerging-nation shares to 10 percent of holdings from 3 percent. “It may be time to start getting your toes wet,” Sri- Kumar, who helps oversee about $120 billion as chief global strategist at TCW in Los Angeles, said in a Sept. 27 phone interview.
Fund Outflows Peak Inflation Global Bears Valuations Fall.