China’s largest nickel & cobalt maker- Gansu Jinchuan Group announced to decrease 1# refined nickel price by RMB10,000 on May 21.
It is the third time for the mill to announce price drop in May. The mill said to reduce price by RMB7,000 on May 8, and RMB10,000 on May 15.
The price slump is owing to [...]
China Stock Exchange 2008 Holiday Schedule
Date Holiday
May 24, 2008
The Buddha's Birthday Jun 19, 2008 Tuen Ng(Dragon Boat) Festival. July 2, 2008 The day following Hong Kong SAR...
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From Minyanvillewas intrigued by Professor Bennet's post on the Buzz & Banter Monday regarding the position of the Chinese stock market.To be sure, there are times when the investing world becomes so dangerous that the most likely rate of return for the average investor will be negative.But, as the saying goes, timing is everything. The Time Factor is the most elusive element of speculation: one man's parabola is another man's momentum bonanzaWho says markets aren't correlated? Who says cycles can't possibly influence asset prices since world markets dance to different drummers? The fact is that the runaway growth engine of the Chinese market, the FXI, found low on August 16, the same day the little train that could, the U.S. market, found low. As actor Billy Zane remarked in the movie Only You, "Que Coincidence!"Is it just coincidence or is there something at work here? Is the point that this is the first truly Global Bubble (or Day-Glo Bubble, as those of us who the 60's we
China now allows BlackBerry sales on the Chinese mainland. Research In Motion, the Canadian creators of the BlackBerry, pursued the deal for eight years. Corporate customers in key Chinese cities such as Beijing, Shanghai and Guangzhou will lead the list, and over five thousand are pre-sold. Chinese language mods for BlackBerries have been in place for over two years in Hong Kong and Macao. Neighbor nations India and Japan already buy BlackBerries, so with CDMA 2000 1X data and GSM 900MHz cellular networks already deployed in China, the market should be well primed. That market’s considerable; there are more Chinese cellphone users then there are people in the United States. However, China is also developing a homegrown digital system, TD-SCMA, likely with an eye to reaping the benefits of CDMA without paying Qualcomm’s significant royalty fees. New Chinese phones commonly ship with dual-network capability, as this iClone demonstrates. Where the Chinese market goes, Chinese d
As I suspected. The Chinese market swoon was "engineered".One of the links to the right is for Strafor.com. Stratfor is like having your own CIA. It is a service which I gladly pay my hard earned money to gain objective intelligence on geopolitical matters. What? I'm going to rely on the New York Times, or the Washington Times? Oy, I like to be well informed.Here are a few excerpts of the Strafor take on the Shanghai market debacle:The Chinese government has become increasingly concerned about levels of investment in its economy or, more accurately, the sheer amount of money that is chasing projects. State firms with limitless access to subsidized capital from state banks have used that access to launch thousands of nonprofitable firms. This glut in "investment" money drives up the cost of commodities and adds industrial capacity without actually producing anything of much use, making life more difficult for the average Chinese and unduly harming relations with foreign powers that fac
China has stirred up lots of foreign investment for their economy. Having a population of 1.3 billion and a land area slightly smaller than the USA, China is indeed a good opportunity to develop into an investment port. Over the years, China has been booming into the worlds factory with industries ranging from manufacturing, telecommunications, [...]
Chinas economic power has been on an increasing rise ever since China opened up it economy few decades ago. This move has allowed China to develop and progress tremendously. The growth of the China market is overwhelming to both the Chinese and the world around. Statistics showed that China has been enjoying a two-digit growth [...]
