Tag Archives: Shanghai

The Futures Market in China

By Mick Zomnir China’s futures markets began with the trading of commodities futures in 1990 and experienced a quick and steady expansion until the middle of the decade, when loopholes in the regulatory scheme led to problems of fraud and extreme speculation. At that time, a variety of scandals forced the Chinese authorities to clean […]

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Autos Lead the Way

As an unprecedented 1,500 foreign and domestic automakers and parts suppliers gather in Shanghai for China’s annual auto expo, China stands out as the only bright spot in an otherwise gloomy global auto industry. China’s auto sales hit a monthly record of 1.11 million vehicles in March, exceeding U.S. sales for the third month in […]

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“Distribution of Capital” NOT “Excessive Savings” Is The Issue in China

Premier Wen Jiabao got it right when he told the Financial Times that it is “ridiculous” to criticize China for saving too much. “If the U.S., U.K. and other Westerners were foolish enough to hawk their future by spending earned money, they need look no further than the mirror,” he added. The Financial Times had […]

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