Secretary of State John Kerry told the press in Beijing that he discussed with Chinese government officials investing in America’s infrastructure. Kerry called the security concerns “very, very few; very, very little.”
“We welcome Chinese investment in the United States. And a very, very small percentage of investment is subject to a process where we have a security evaluation because of the nature of the business or the particular location. But [...]
The potential sale of giant Australian cotton farm, Cubbie Station, to a Chinese-led consortium has stirred local controversy following the approval by Aussie government of the sale.
Treasurer Wayne Swan last Friday approved a joint proposal by the Chinese textile company Shandong Ruyi Scientific and Technological Group Co Ltd and the Australian company Lempriere Pty Ltd to buy Cubbie after the review board found the sale was not detrimental to the national [...]
The eurozone economic downturn since the start of the crisis looks like the Great Depression of the 1930s, according to one economist
The decline in the economy of the eurozone, sparked by the beginning of the debt crisis with the shocks in Greece two and a half years ago, “seems to be more of a long-distance run than a quick sprint,” according to Carl Weinberg, chief economist at High Frequency Economics.
As of earlier today, Sino Forest is official bankrupt, courtesy of ISDA’s determinations committee which found just that, despite Sino’s attempt to scapegoat Muddy Waters in an idiotic attempt at redirection. So is Muddy Waters sitting on its laurels, having been vindicated? No: the company just released the following analysis this time focusing on “The Fraud School’, our old friend RINO as well as new entrant to the alleged fraudcap space: [...]
by Viknesh Vijayenthiran
This post originally appeared on Motor Authority.
One year ago, legendary Italian marque De Tomaso, rejuvenated by former Fiat exec Gian Mario Rossignolo and his family, unveiled the peculiar SLS (Sport Luxury Sedan) concept car at the Geneva Motor Show.
Many questioned why a brand famous for building exotic sports cars would suddenly venture into the world of luxury sedans, but Rossignolo was adamant that the SLS would sell and boasted that up to 3,000 examples could be built per [...]
by Michael Pettis, China Financial Markets
For years I have been arguing that the Achilles heel of the Chinese growth model is the unsustainable rise in debt that comes as a necessary consequence of capital misallocation fueled by bank lending. Capital misallocation, I argued, was the nearly inevitable consequence of high investment growth over many years in a system in which price signals are severely distorted and there is political incentive to maximize [...]
Remember how virtually all “experts” speculated that the drop in the price of gold would set off a liquidation cascade in China, where everyone was “loaded to the gills” and at the first hint of deflation would dump all holdings (not to mention that economic Ph.D. proclaimed the gold “bubble” popped two months and $200 lower)? It seems that as so often happens when all experts agree on something, [...]
BY DAN COLLINS
When 1.3 Billion people start investing in something…you might want to pay attention.
Chinese investment in silver has exploded since last year, with the trading volume going exponential. The China Daily reported today that the trading volume of silver forwards on the Shanghai Gold Exchange (SGE), China’s only exchange for the precious metal, surged 751 percent year-on-year in 2010. Meanwhile, the volume in September of this year was more than six times that [...]
taly’s centre-right government is turning to cash-rich China in the hope that Beijing will help rescue it from financial crisis by making “significant” purchases of Italian bonds and investments in strategic companies.
According to Italian officials, Lou Jiwei, chairman of China Investment Corp, one of the world’s largest sovereign wealth funds, led a delegation to Rome last week for talks with Giulio Tremonti, finance [...]
In August 2005, because of growing US political resistance on national security grounds, the China National Oil Company (CNOC) withdrew its bid to purchase the US oil company, UNOCAL. In 2006, Dubai Port World dropped plans to acquire the Port of Miami because of similar fears in the Congress about national security vulnerabilities if the agents of an Arab state operated a major US transport [...]
In 2011, America is for sale and the communist Chinese are eager buyers. The Chinese government is using sovereign wealth funds and Chinese state-owned enterprises to buy up economic assets and huge tracts of land all over the United States. Many of our politicians hail all of this “foreign investment” as something that is “good for America”, while many others see something much more [...]
New York (MarketWatch) — Hedge-fund investor John Paulson, who runs the $38 billion Paulson & Co. suffered in early June big losses on key funds. The Wall Street Journal said Thursday that Paulson’s $9 billion Advantage Plus fund lost 13% in the first 10 days of June, leaving it down 20% for the year. His big winner from last year, the Enhanced Partners fund, lost [...]
SHANGHAI — For three decades, wealthy nations have invested hundreds of billions of dollars in China, helping drive one of the most remarkable economic booms in history.
Now, China is poised to return the investment favor. The question is whether the United States will be willing and able to fully participate, according to a new study to be released Thursday.
Flush with capital from its enormous trade surpluses [...]
By:Â Eric Sprott & David Franklin of Sprott Asset Management
Ignoring real estate, most people invest their hard earned money in paper things. Stocks, bonds, annuities, insurance – itâ€™s all paper, and it sits nicely in our bank accounts and shows up on our computer screens. Halfway across the world, investors in China and India have never trusted paper investments as a store of value – [...]