The Big Call
Chinese car companies are ascending the technology ladder at such a rapid rate that within a few years there will be little or no quality difference between domestic and overseas branded cars.
With 338m people online, China’s internet ad market is big. Trends are benefitting search engines, but portals needed rescuing from reliance on their old mainstays.
It may take Sina a while to shake off its listlessness.
Sentiment surrounding Baidu is positive for good reasons.
A solid performer.
Our interviews with bankers in several parts of the country convince us that a real adjustment in commercial bank strategy is already underway.
China’s bank regulator has eased its stance on credit tightening, showing that – for now - GDP growth trumps monetary discipline in Beijing’s hierarchy of priorities.
Capital Intensive China
Developers are raising capital and snapping up land, but buyers are still active and prices are going down as well as up. It might be a bubble, as many Chinese economists are now saying, but we don’t quite see it that way.
China is accelerating its moves to internationalise the renminbi currency. However, control rather than liberalisation is the animating energy behind the plan.
Best of Chinese Commentators
China has recovered its poise and funds are prepared to trust once more.
Too many investors are preoccupied with short-term market fluctuations. But with earnings in certain sectors promising to stay robust into 2010, some stocks are still fundamentally attractive.
Postcard From No528
Hopes that an International Board for foreign companies may be launched on the Shanghai Stock Exchange are examined in the cold light of the law.
Renminbi Compass, a new research service launched by the FT, aims to act as a navigational guide through the expanding universe of renminbi asset classes. With the Chinese currency gaining ever-wider acceptance around the world and Beijing taking steps to open its capital account, we are broadening our research coverage to include not only equity funds but also all other important renminbi asset classes, such as chengtou bonds, dim sum bonds, real estate, trust products, underground banking, art, antiques and several others.