China watch

PrudentBear.com - The One-Stop Shop for the Bear Case: "March 22 – Financial Times (Richard McGregor and Geoff Dyer): “China will take measures to meet US complaints about their bilateral trade imbalance as part of next month’s trip to Washington by Hu Jintao, Chinese president, but has warned the US also to take responsibility for its economic problems. Wen Jiabao, China’s premier… promised new initiatives on issues such as abuse of intellectual property rights, a long-running complaint of investors. “But it is unfair for the US to scapegoat China for the US’s own structural economic problems,” Mr Wen added…

March 22 – Bloomberg (Allen T. Cheng and Todd Prince): “China aims to more than double trade with Russia to as much as $80 billion in five years as the nations increase cooperation in energy, commodities and technology, Chinese President Hu Jintao said.”

March 23 – Bloomberg (Nerys Avery): “Sales by China’s top 100 chain store operators rose 42 percent last year from a year earlier to 708 billion yuan ($87 billion) as they opened more outlets, the China Daily reported”

March 24 – Bloomberg (Nipa Piboontanasawat): “Hong Kong’s export growth picked up in February as trade with China increased after the Lunar New Year holiday. Overseas sales rose 20.5 percent last month from a year earlier to HK$153.6 billion ($20 billion)…”

March 22 – Bloomberg (Patricia Kuo): “Hong Kong prime office rents may jump 30 percent this year to record highs after new supplies fell to a 35-year low, the South China Morning Post reported.”
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