Archive for January, 2009

Is China an External Shock Away From Implosion?

Saturday, January 31, 2009 22:57 No Comments

In a recent email Northwestern professor Victor Shih has reviewed NYU Professor Yasheng Huang’s recently released book Capitalism with Chinese Characteristics: Entrepreneurship and the State. A book that has been recieving a lot of praise in the Shanghai community (I have not read it), Victors opinon of the book was very favorable, and in his [...]

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Weekly Roundup: Into the Unknown, Volvo For China, Regional Economy Over Environment, and China Naked

Friday, January 30, 2009 2:05 No Comments

With so much going on in China, and only a limited amount of bandwidth, I have created this weekly post to highlight articles that I feel are (1) important, (2) relevant, and (3) interesting. This week there are 3 articles that I have chosen to highlight as each are quite interesting, they are all relevant, [...]

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Money God! Money God! Please Accept this 100,000RMB in Fireworks, and Bring Us a Properous Year

Thursday, January 29, 2009 11:09 No Comments

For those of you in San Diego wondering what all the noise from the West is, it would be China. Tonight we rang in the 4th night with a hell of a lot of fireworks to honor the Money God. Given the recession it should be no surprise that tonight saw a lot more spend [...]

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Why Layoffs in the US are a Bad Thing for China

Tuesday, January 27, 2009 5:14 7 Comments

With the recent news that CAT, Home Depot, and others are laying off people by the thousands in the US, it is clear that the Ox has decided to enter the new year ass first. Big U.S. companies announce massive job cuts and Home Depot to lay off 7,000 jobs were the headlines that awaited [...]

This was posted under category: From the Factory Floor, Uncategorized

Nokia Sales in China Plummet

Tuesday, January 27, 2009 2:02 1 Comment

There has always been a question of whether or not the chinese consumer would be the consumer of last resort, and the recent news that Nokia’s sales were off 36% y-o-y is one of the last pieces that I needed to convince me that China’s consumers are not interested in cracking open their savings accounts [...]

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Happy New Year Everyone

Monday, January 26, 2009 23:01 No Comments

Here was a shot from my balcony last night.  As you can see, the fireworks dealers did just fine this week.

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Some Reading Materials for The Chinese New Year

Friday, January 23, 2009 23:17 No Comments

For those of you who have the next week off and are looking for some light reading, here is my reading list.  A bit of everything for the break: General: 2009 China Policy Recommendations China facing growing problems NBER WORKING PAPER SERIES “CURRENCY MANIPULATION” AND WORLD TRADE Banking reform in China: International standards and Chinese [...]

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UBS Reduces China GDP Forecast to 6.5%

Thursday, January 22, 2009 2:34 No Comments

In their recent report, What kind of growth can we expect in 2009?, Wang Tao and her team conclude that China will grow at 6.5% for the year. A figure they have been reducing on a regular basis, the current reduction comes as a result of the recent release that China’s Q4 2008 number was [...]

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