RBA Governor Glenn Stevens has some concerns about China’s “shadow banking” system. He poses questions about the role of non-bank entities in the Middle Kingdom.
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CHINESE ECONOMY
The skies clear as China changes guard, but what lies beneath?
China’s annual “Parliament” is underway and all eyes are on the country’s two new leaders. Will the new guard shift the focus from internal stability towards economic reform? You might have to wait to find out.
READ MOREXi’s challenge: addressing China’s income inequality
New leader of China’s Communist Party Xi Jinping has made a commitment to addressing income inequality in China. But without wide-ranging reforms, real change seems unlikely.
READ MOREFrom flood to famine, and now China wants more oil
After months of economic recession, the people of Spain might have a bigger problem: there’s not enough oil to go around. Rising demand overseas has seen a flood turn to shortages.
READ MOREIf we ride on the back of iron ore, the recovery signs are good
Iron ore prices have staged a remarkable comeback, boosted by a stronger Chinese economy and favourable weather conditions. It could deliver a bigger windfall to Australia than anyone thought.
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Following in Deng’s footsteps: meet China’s new cabinet
China’s leader-in-waiting Xi Jinping has taken his first tour. Eschewing pomp, he has recreated a famous tour by a former president. Meet the “secretive seven” who will rule China next year.
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The RBA’s Chinese dilemma: Asian comeback clouds the picture
The RBA is likely to cut today, but the return of China to strong growth makes it a more finely-balanced decision than many claim. Crikey’s Glenn Dyer and Bernard Keane report.
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Welcome to the Asian century: Chinese dragon roaring
Australia’s Asian Century is much closer than we know, with the Chinese economic slowdown bottoming out and now starting to rebound in encouraging strength.
READ MORERipples from the eurozone depression reaching Australia
Australia is seeing the first impacts of the extended European economic crisis, via Asian manufacturing.
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China may have just hit the panic button
Yesterday’s record intervention by the Chinese government to push down rates is the strongest sign yet of a Chinese slowdown. The RBA must pay attention, says Stephen Koukoulas at Business Spectator.
READ MORESwan can cut, but the bad news from overseas won’t stop
While the mining boom continues to power the Australian economy, the news from offshore continues to worsen.
READ MOREBy 2027, China could be #1
Updating his 2001 BRIC paper on the emerging economies of Brazil, India, Russia and China, Jim O’Neill has predicted that China could surpass the US economy by 2027 or even earlier, reports Kamal Ahmed.
READ MOREComing to terms with sovereign debt
Europe might be a long way from Australia, benefiting as it is from Chinese growth, but an international banking crisis soon affects everyone, writes Richard Farmer.
READ MOREChina’s crackdown driven by economic stresses and an emboldened Left
China’s crackdown on dissent is only the culmination of a wave of repression by a government facing growing economic discontent.
READ MOREHow miraculous will the Chinese economic miracle be?
The decision by China’s central bank to raise the one-year lending and deposit interest rate by 25 basis points should at least raise a little question mark about just how strong demand will be in the next couple of years for Australia’s minerals industries, writes Richard Farmer.
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Our commodities caught in China’s inflation cycle
China’s half-hearted attempts to control inflation are causing a dangerous build-up in inflationary pressures. The worry, says Karen Maley, is that the longer the Chinese government delays raising interest rates the more aggressive the tightening will eventually become.
READ MOREThe Chinese government’s unconventional war on inflation
In an effort to contain inflation and protect the prices of daily goods China has declared it will use unconventional “forceful measures” including steering local governments and cracking down on profiteers, reports The Economist.
READ MOREGottliebsen: why BHP’s Potash bid failed
BHP Billiton has failed in three major corporate thrusts. Each time it has made serious mistakes, writes Robert Gottliebsen of Business Spectator.
READ MOREUS Fed boss Bernanke: will he stay or will he go?
Sending Fed boss Ben Bernanke packing would see a sell-off in markets (the US dollar would be pummelled, as would US stocks)
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