China struggles to recover from worst winter storm in 50 years
By Andy Scott SHANGHAI, Jan. 29 – The biggest winter storm to hit many parts of Eastern China in 50 years brought down buildings, closed train stations and left millions stranded throughout the country just days ahead of the biggest holiday season. One day after the storm killed at least a dozen people and brought […]
Can China and India save the world economy?
Jan. 29 – As fears of a U.S. recession begin to bite – Asian stock markets crashed yesterday by over 7 percent – we reproduce a story by Agence France Press on the issue. Quoting our own Senior Partner of Dezan Shira & Associates, as well as other informed names such as George Soros, Zhang Ming and […]
Asian stocks slide amid global recession concerns
By Andy Scott SHANGHAI, Jan. 28 – Asian stocks tumbled Monday as traders took their cues from a faltering U.S. economy and a Wall Street that lost ground on Friday following a two-day rally. Following last week’s ups and downs, investor sentiment remained fragile throughout the region as stocks slumped on renewed fears of a […]
1927 Guangzhou government war bond
This bond was issued by the Finance Minister of the Kuomintang Party, which was then trying to establish a national government based in Guangzhou prior to the establishment of the Republic of China (click photo to enlarge). Valued at 10 yuan, and issued on February 1, 1927, it was intended to raise money for the […]
U.S. recession fears not a global concern for China, India and the developing world
SAN FRANCISCO, Jan. 24 – Chris Devonshire-Ellis, Senior Partner of Dezan Shira & Associates and publisher of China Briefing has just been interviewed by Agence France-Presse over concerns that the U.S. markets may well tip the world into a global recession. We reproduce the interview below: AFP: Everyone is saying the U.S. is having […]
1926 China government lottery bond
The Republic of China issued this 5 Dollar Second Nationalist Government Lottery Loan bond in 1926 to raise money to finance improvements in the Port of Whampoa, near Guangzhou (click on photo to enlarge). Rather than pay interest, and to guarantee investment from the natural gambling instincts of the Chinese, the bonds were automatically entered […]
Battling rampant inflation, Beijing caps prices on food commodities
Food coupons may be re-introduced BEIJING, Jan 18 – The National Development and Reform Commission announced that from today prices on basic commodities such as grains, meat, milk, edible oil, eggs and liquefied petroleum gas would be curbed with immediate effect. This is the first occasion in 15 years Beijing has taken such a step, […]
Hong Kong moves towards provision of Islamic financial services
Possible changes in tax law to facilitate entry of Islamic fund market By Chris Devonshire-Ellis HONG KONG, Jan. 16 – Hong Kong’s Financial Secretary, Joseph Tsang, yesterday committed to the development of Hong Kong as an Islamic financial centre by seeking to attract more Muslim investors. The territory has just announced it has applied to […]