How to Deal with Difficult People

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I have shifted to my new blog at Wordpress

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The Big Dead-Cat Bounce

Disastrous as that would be, if the alternative is chosen and Washington’s printing presses beget hyperinflation, that would probably be worse. In a serious deflation, those who have saved for a rainy day can make it through okay. In hyperinflation, which unconstrained further spending could easily bring on, everyone loses.

‘Greatest bubble’ in the making

The mainland is in the midst of “the greatest bubble in history”, a former general counsel of hedge fund Long-Term Capital Management (LTCM) says.

ADB chief warns of asset bubbles in China

It is one of the risks threatening Asia’s V-shaped recovery

China Drawing High-Tech Research From U.S.

For years, many of China’s best and brightest left for the United States, where high-tech industry was more cutting-edge. But Mark R. Pinto is moving in the opposite direction.

DBS ties up with PayPal to spur online payments

Online payments facilitator, PayPal yesterday announced plans to ramp up Singapore operations with more hires and a tie-up with DBS Bank which would make it easier and more secure for the latter’s customers to shop online.

Management of Sino-Environment’s China units seek 20% stake

In the latest twist at Sino-Environment, the key management of its subsidiaries in China have pledged their support to help restart business operations.

Stanley Ho has ‘extensive links’ to triads, says US report

New Jersey casino regulators said overnight on Wednesday that they have evidence Stanley Ho, the Asian casino magnate, has extensive ties to organised crime in mainland.

Let the yuan rise, World Bank tells China

The World Bank yesterday urged China to let its currency rise to contain inflation and stop the economy from overheating, predicting that growth will gallop ahead at 9.5 per cent this year. ‘Strengthening the exchange rate can help reduce inflationary pressures and rebalance the economy,’ the World Bank said in its latest quarterly update on the world’s third-largest economy.

Rise in yuan would be disastrous, say exporters

A rise in the yuan would be a disaster for labour-intensive mainland exporters, a semi-official trade group said on Thursday, as frictions grow with the US and other western powers over Beijing’s stable currency policy.

China official warns of risk from yuan rise

A Cabinet official said a further rise in China’s currency risks driving exporters out of business, a newspaper reported Friday, as Beijing stepped up a war of words with Washington over its exchange rate controls.

History shows that yuan appreciation won’t help

If you don’t believe that, just look at the example of Japan in the 1980s, when a rapidly appreciating currency simply fuelled the excesses of the bubble economy and led ultimately to the crash of the early 1990s and Japan’s subsequent lost decade.

Rio Tinto, Chinalco, strike major deal for Guinea iron ore

Mining giant Rio Tinto and China’s Chinalco Friday signed a 1.35 billion US dollar deal to develop a huge African iron ore field, renewing close ties after a major deal collapsed last year.

SOEs told to quit property market

Scores of state-owned enterprises have been ordered to get out of the property market and concentrate on their core businesses.

China monetary tightening won’t crimp metals - SocGen

Monetary tightening in China, the world’s largest metals user, will have little impact on consumption and the country will continue to drive metals demand for years, David Wilson of Societe Generale said on Friday.

Key property developers to gain from SOE order

Mainland’s move to ask some state firms whose core business is not property to exit the sector will likely benefit major developers by helping consolidate the industry, analysts said on Friday.

Net produces new generation of China activists

Lin Xiuying believes her daughter bled to death after being gang-raped two years ago by a group of thugs that had ties to the police in their southern Chinese town.

Most S-chips being frozen out by analysts

Analysts are giving most Chinese firms listed in Singapore the cold shoulder amid a series of scandals and mediocre profit results that have brought the once-high fliers down to earth.

How a school designed for 1500 pupils ends up with 5315

“Live in famous house, study in prestige school” is the real estate advert that attracted Li Lin to buy an apartment in this “famous” Zhongbo Community 4 years ago. After the spring festival, he planned to transfer his son to the promised prestige school but almost got rejected because the school is severely overcrowded.

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