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June 2, 2012
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Anyone who enjoys this blog, and finds it useful, might want to consider following me on Twitter at @prchovanec.  Every day, I come across data, info, and articles that I may not have time to incorporate into a full-blown blog post, but I suspect many readers would find worthwhile.  I try to be selective, focusing on items are high-impact (or highly amusing) but could easily escape a busy reader’s notice.  Here’s a sample of some of my latest “tweets” (the links also make good reading, for those who missed them):

  • (Jun 2) FT offers further insight into China’s curious LME copper trades http://on.ft.com/L6qPaC
  • (Jun 2) LA Times: alleged CIA mole was aide to close ally of Hu and Wen, who personally handled Wang Lijin incident http://lat.ms/N5gd27
  • (Jun 2) CNY is at 6.37 per USD, down -1.5% from its high on May 2, but still up 1.7% from a year earlier
  • (Jun 2) China arrests high-level State Security Ministry aide on suspicion of spying for the CIA http://reut.rs/N3Ptik
  • (Jun 1) Macau casino revenue growth falls to 7%, lowest since July 2009 http://bloom.bg/L2snnF
  • (Jun 1) Nomura says China’s FX reserves will soon peak http://on.ft.com/KPbXAw I say the sooner the better
  • (Jun 1) SH Sec News: Jiangsu prov says tax revenue from top 40 local solar makers down 93.9% yoy YTD thru April
  • (Jun 1) Caixin on stimulus: “we can’t drink poison to quench our thirst” http://bit.ly/LLWu2m YES
  • (Jun 1) Zhang Ziyi denies sleeping with Bo Xilai for money http://bit.ly/KYvR94 Is there NOWHERE the Bo saga won’t go?
  • (May 31) Yongda, CNMC, and now Graff pulled – the Hong Kong IPO window is officially closed http://reut.rs/KtJW2F
  • (May 31) More on AgBank’s Macau gambling scandal – predictably, it involves lending ties to a Beijing property developer http://bit.ly/JOnUde
  • (May 31) Stagflation anyone? China raises railway freight rates to relieve higher fuel and labor costs http://bit.ly/KYob6G
  • (May 31) China News reports 20 major cities’ land sale revenues fell -21.3% YTD in May, to a 3-year low
  • (May 30) offshore appeal of RMB is more about speculation than “internationalization”, see http://on.ft.com/L5iZ36 and http://on.ft.com/KWi8zo
  • (May 30) Caixin: China gives struggling Rail Ministry green light to take on even more debt, to revive construction http://bit.ly/KczXA9
  • (May 30) Caixin: Chinese looking to buy, partner with US coal mines http://bit.ly/LeWkBa
  • (May 30) China may begin importing corn from Argentina, to reduce reliance on US http://bit.ly/KWfTMB
  • (May 30) Sign of bailout to come? Xi’an buys 10k units from struggling developers to turn into below-market rental housing (Xinhua)
  • (May 30) China Treasury deposit bidding rate drops to 4.22% (from 5.13% in early May) mainly reflects slackening loan demand
  • (May 30) Lombard Street’s Dumas in FT says China needs adjustment not stimulus http://on.ft.com/Kcxp5a
  • (May 30) Rubber inventory piles up at Chinese docks as tire demand slows http://bloom.bg/KcnZqN
  • (May 30) China auto sales down 1.3% YTD, worst performance since 1998; dealer inventories rising http://bit.ly/LTeKcM
  • (May 28) Caixin: as rail investment slows, China’s railroad construction cos jump into int’l mining http://bit.ly/KWTSj2
  • (May 28) Gome 1Q profits plunge 88%, sales down 29% as govt subsidies expire http://bit.ly/JIkM2n
  • (May 28) Beijing RE developers luring buyers by “deferring” down-payments for months; “Who knows what will happen then?” http://bit.ly/L6NYeQ
  • (May 28) China Times reports turnover of copper stockpiles in Shanghai warehouses has slowed from 1-2 to 6+ months
  • (May 28) Deputy head of NDRC investment division tells China media massive govt stimulus unlikely, unsustainable (via BoA-ML)
  • (May 27) Economist chart a bit misleading http://econ.st/JNCdrW trade gap itself isn’t growing, but investment boom enabled by accum export surpluses
  • (May 27) China steel industry suffered RMB 1b (US$ 158m) loss in 1Q for first time in memory http://buswk.co/LrcFVY
  • (May 27) State sector profits down 9.9%, foreign co profits down 13.2%, private entpr profits UP 20.9%. REALLY? http://bit.ly/KVkVum
  • (May 27) Official stats: industrial profits in China down 2.2% in April y-o-y, down 1.6% YTD http://bit.ly/KVkVum
  • (May 27) The Australian: view that wise mandarins can pull levers to boost China economy is “dangerously delusional” http://bit.ly/KVjQma
  • (May 27) interesting Caixin article on cooling credit demand in China http://bit.ly/JuJCBC
  • (May 26) Pettis and I both tell Marketplace: China should resist the urge to splurge on stimulus http://bit.ly/LjNFA3
  • (May 25) 21st Ctry Bus Herald quotes bank manager: lately, “almost all” loans to steel traders become NPLs when they mature
  • (May 24) China’s copper stockpiles are now double their four year average; iron ore stocks 1/3 higher http://reut.rs/LsAF79
  • (May 24) Amazon, are you listening? E-commerce Taobao offers “special delivery” by pretty girls http://bit.ly/LbC8Tp
  • (May 24) S&P says China property developers having “difficulty” refinancing debt, likely to “aggressively” cut prices further http://bit.ly/MJkjwA
  • (May 24) China Daily says majority of steel mills in N. China “have halted production,” steel prices are “really weak” http://bit.ly/KAKY8l
  • (May 24) China shipping giant COSCO may seek RMB 10b govt bailout due to continuing record losses http://bit.ly/LhLyJr
  • (May 24) Caixin reports 8 of China’s top 10 shipyards received no new orders this year http://bit.ly/Kj30iI “a hurricane is approaching”
  • (May 24) BOA-ML reports China copper processor’s capacity utilization down 30-50%, order volume down 20%
  • (May 24) Ordos developers tell 21st Century Business Herald they are paying 30% interest, need 50% profit margin to stay alive
  • (May 24) Chinese media reports two Fuzhou property developers were near bankruptcy until court “persuaded” banks to defer loan payments
  • (May 24) from Xinhua, via BOA-ML, 60% of China A Share companies predict profit decline in 1H
  • (May 24) Reuters on China’s aluminum slowdown http://reut.rs/JTrzpD Could someone remind me what in China is still growing?
  • (May 24) China aluminum conf yesterday: huge overcapacity, firms losing money, but outlook is great cause govt will spend on social housing. hmm.
2 Comments leave one →
  1. June 3, 2012 2:47 pm

    thank you proffesor i have you all ready in my tweet.. i like your article because express me…

  2. June 4, 2012 8:39 pm

    i am allways following you……and i will ..thank you

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