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There’s still no respite for Chinese stocks. The market bounced around violently today with the SSE Composite making at least eight or nine up or down moves of more than 1%, before closing the day at 1720, down 0.5% for the day. This is the...
While Monday’s stock market, led by the banks, continued Friday’s big bounce back, rising 7.8% to add to Friday’s 9.5% surge, leaving us at a 2-week high (largely on buyback talk, I think), worries about the banking sector actually...
Yesterday I suggested that July’s PPI inflation might be a little higher than June’s already-high 8.8%. Most other analysts seemed to agree with me, with the median estimate Open in a new windowaccording to Bloomberg at 9.0%.
But back to banks. Yesterday I had an interesting lunch with a Chinese investor. We were discussing the informal banking sector in China, and he agreed that it seems to have grown a great deal in the recent past. Interestingly enough, according to...