The latent danger in Abe's amnesia
International NewsAsiaPeter CaiJapanese Prime Minister Shinzo Abe has chosen the first anniversary of his rise to power to visit the controversial Yasukuni Shrine that honours war dead, including 14...
View ArticleChinese local govt debt soars
AFPChina has announced the results of a long-awaited debt audit, revealing that liabilities carried by local governments ballooned to 17.9 trillion yuan ($A3.3 trillion) as of the end of June.The...
View ArticleThe political rot in Mao’s sugar-coated legacy
EconomyChinaJohn LeeWhile we were celebrating Christmas, many in China celebrated the 120th anniversary of Mao Zedong’s birth. He was born on Boxing Day in 1893, and given that Chinese epochs are...
View ArticleChinese manufacturing slips in Dec
By a staff reporter, with AAPActivity in the Chinese manufacturing sector has fallen in line with expectations to a three-month low in December, according to a private survey.The HSBC China...
View ArticleMao’s proletariat paradise lost
EconomyChinaPeter CaiPeking University is one of the most prestigious institutions of higher education in China, dating back to the 19th century when the last Manchu dynasty decided to set up a higher...
View ArticleChina non-manufacturing PMI falls in Dec
Dow Jones Newswires, with a staff reporterActivity in China's non-manufacturing sector fell in December but remained in expansionary territory, official data showed.China's official non-manufacturing...
View ArticleThe Middle Kingdom’s Australian frontier
EconomyChinaRobert GottliebsenStart to prepare for a new era in the Australian Chinese relationship. For the last couple of decades every time we thought of China we have tended to examine trends in...
View ArticleWeighing up China's invested interests
EconomyChinaDan RyanJust before Christmas, as many of our corporate and political leaders were already heading off to the beach, Beijing quietly issued important new rules governing investment by...
View ArticleGoldman bear changes China tune
The head of Australian equities at Goldman Sachs Asset Management has changed his tune on the Chinese economy, largely abandoning his bearish tone of 12 months ago, according to The Australian.Dion...
View ArticleRankin urges 'humble' Asian policy
Robert Rankin, co-head of corporate banking and securities for Deutsche Bank in London, says the Australian government needs to be more "humble" in its approach to Asian foreign policy, particularly...
View ArticlePaper tiger: China's potential debt disaster
EconomyChinaPeter CaiChina’s National Audit Office has finally released its country-wide survey of government liabilities just a day shy of 2014, assuaging concerns and stoking fear at the same...
View ArticleThe international economy in 2014
Business SpectatorEconomyStephen GrenvilleLowy InterpreterLet's start with the global economic outlook. A common view is that advanced economies are at last on the mend and will take over the running...
View ArticleChina allows more private banks
APChina's bank regulator says it will allow the creation of as many as five privately financed banks this year as part of reforms to open the state-controlled industry and support economic growth.The...
View ArticleAustralia's brave new world for Chinese investors
EconomyChinaPeter CaiJust about every PowerPoint presentation on investing in Australia for Chinese investors starts with slides on the Foreign Investment Review Board, says Andrew Michelmore, chief...
View ArticleChina doubled US investment in 2013
AAPChina's investment in the United States doubled to $14 billion last year despite sometimes rocky political ties, with private firms leading the way, according to a study.About half of the value...
View ArticleChina's shock and ore at the Australian way
EconomyChinaPeter CaiCITIC Pacific’s Sino Iron project produced its much-awaited first shipment of iron ore concentrate in December last year, $US6 billion over budget and four years behind...
View ArticleChina misses 2013 inflation target
AAPChina's inflation rate was 2.6 per cent in 2013, official data shows - well below the 3.5 per cent target set by the government in the world's second-biggest economy.The consumer price index (CPI)...
View ArticleChina worries hurt Aust iron ore miners
AAPWorries about China continue to weigh on the nation's biggest iron ore miners, despite the release of record shipping figures.Shares in Rio Tinto, BHP Billiton and Fortescue Metals Group are under...
View ArticleChina’s prison of resource security
EconomyChinaPeter CaiCITIC Pacific executives had to put on brave faces at Cape Preston when they shipped their first shipload of iron ore concentrate last December. There are a lot of people in...
View ArticleChina's Fosun buys Portuguese insurer in privatisation
AAPPortugal says it has picked Chinese conglomerate Fosun to buy up to 80 per cent of the insurance arm of public bank Caixa Geral de Depositos, as part of an EU-IMF ordered privatisation drive.Fosun...
View Article