Modest Inflation Expectations for China in 2013

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According to two economists interviewed by the South China Morning Post – Hong Kong’s newspaper (subscription req’d) – inflation in mainland China is expected to remain relatively docile in 2013. HSBC’s Donna Kwok projects 3.1% inflation, while Hong Kong based UBS chief economist Wang Tao has it pinned a bit higher at 3.5%.  Of course […]

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Here’s one of the best bearish presentations you’ll see on China, by Michael Pettis at the annual CFA conference.  Pettis compares China’s “miracle growth” story to that of Germany in the 1930s, the Soviet Union in the 1960s, and Japan in the 1980s – not the best company! Here’s the summary of Pettis’ compelling case, […]

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China is projected to surpass India as the world’s largest consumer of gold this year.  The South China Morning Post reports: China is poised to surpass India as the world’s largest gold consumer this year, with demand projected to climb 20 per cent, while India’s bullion buying will remain dampened by the weak rupee and […]

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Where’s the Economic Growth We Were Promised? by Chuck Butler, President, EverBank Have you ever wondered, at least recently, if the markets are just playing games with investors? It’s like a game of good cop, bad cop… On one day, the markets will be all about the euro (EUR), and the prospects for a solution […]

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Sovereign Man’s Tim Staermose shares a staggering stat about China’s local government debt: It’s interesting to note that China’s National Audit Office (NAO) recently published a report which says the country’s outstanding local government debt is now equivalent to $1.7 TRILLION. That’s a huge figure — about 27% of China’s GDP in 2010. Because the […]

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Many believe that inflation in China is running much higher than the reported 5% (some think it’s easily double-digits). When looking for news and numbers on China, I like to look to Hong Kong, which has a better reputation for being, shall we say, open and honest about things. HK’s South China Morning Post reports […]

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Yesterday, Google accused – (or “announced that”, depending on which side of the Pacific you’re on) – Chinese hackers targeted the Gmail accounts of some folks who might not exactly be friends of the Chinese government.  From Minyanville’s Justin Rohrlich: It was announced yesterday that hundreds of gmail passwords were stolen and used to access […]

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Here are some charts on China’s demand for gold that’ll make your jaw drop.  Courtesy of Frank Holmes, writing for Kitco.com: The World Gold Council (WGC) released its quarterly “Gold Demand Trends” report last week and, as always, it was filled with fascinating data on the strength of the global gold market. Gold demand grew […]

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On our trip to Asia last month, my wife and I made a last-minute call to make Hong Kong our first stop. I have a good friend from college who now works there.  He took an investment banking job in HK, and then moved to Singapore, The Phillipines, and just moved back to HK to […]

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