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E A S T   A S I A
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  DAILY REPORTS
World's coolest economist hot on his numbers - New Zealand Herald (Apr 26)

World's coolest economist hot on his numbers
New Zealand Herald
We're here because Pettis is considered one of the smartest and broadest thinkers in the world on the Chinese economic rebalancing act. Pettis is a rare breed in the world of academic finance and economics, he's a Wall St veteran. Before moving to China in ...

and more »



PBOC's Currency Move Is Sign of Larger Struggle in Yuan - Wall Street Journal (blog) (Apr 26)

Wall Street Journal (blog)

PBOC's Currency Move Is Sign of Larger Struggle in Yuan
Wall Street Journal (blog)
The yuan has risen against the dollar this year despite growing slack in the Chinese economy and the pain a strong currency inflicts on its export sector. The gains reflect the scarce options facing Beijing as it shifts from an economic model centered on exports ...

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Oil Prices Won't Recover Without Significant Increase In Demand - Hellenic Shipping News Worldwide (Apr 26)

Oil Prices Won't Recover Without Significant Increase In Demand
Hellenic Shipping News Worldwide
The emerging markets will hit their sixth straight year of reduced growth rates, according to the latest IMF economic forecast. China's economy grew at a measly 7.4% last year and isn't expected to do much better this year. Russia's economy is also suffering ...

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Cracks widen in the Chinese land and debt ponzi - MacroBusiness (blog) (Apr 26)

Cracks widen in the Chinese land and debt ponzi
MacroBusiness (blog)
This is NOT a Chinese “QE”, but a debt restructuring and asset securitization. Contrary to some news report and comments, the RMB 1 trillion local debt swap does not mean the central government “bailing out” local government debt, or the central bank ...

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Nepal: Nepal hospitals overflowing, rural towns cut off: aid groups (Apr 26)
Source: Agence France-Presse
Country: Australia, Belgium, China, France, Germany, India, Israel, Japan, Luxembourg, Nepal, New Zealand, Pakistan, Republic of Korea, Singapore, Spain, Sri Lanka, United Kingdom of Great Britain and Northern Ireland, United States of America
Sunday 4/26/2015 - 16:38 GMT by Jennifer O'MAHONY Aid groups and governments worldwide intensified efforts Sunday to help earthquake-hit Nepal, but blocked roads, downed power lines and overcrowded hospitals posed formidable challenges in an already poor country. As the death toll in the Himalayan nation surpassed 2,500, the US together with European and Asian nations sent emergency crews to reinforce those scrambling to find survivors in the devastated capital Kathmandu and in cut-off rural areas. "Tragically, more bodies are being pulled from collapsed buildings every hour," the Australian Red Cross said in a statement. "Communication is down in many areas. Widespread destruction, rubble and landslides are ...


China: Death toll climbs to 17 in Tibet following Nepal earthquake (Apr 26)
Source: Xinhua
Country: China
LHASA, April 26 (Xinhua) -- Death toll in southwest China's Tibet Autonomous Region has climbed to 17, after a powerful earthquake struck neighboring Nepal on Saturday, local authorities said Sunday. A total of 53 people were injured, while about 12,000 have been evacuated, according to rescuers. A massive 8.1-magnitude quake shook Nepal at 2:11 p.m.(Beijing Time), followed by a second 7.0-magnitude quake at 2:45 p.m.. The quake also strongly affected some counties in Tibet. Editor: Shen Qing


Mainland China denies an exodus from civil service due to austerity (Apr 25)
(ChinaPost.com.tw) - A senior mainlander official has denied claims that there has been a surge in the number of civil servants resigning amid the continuing government frugality campaign.


PRC feminist activist claims underwent 'abusive' questioning after her release (Apr 25)
(ChinaPost.com.tw) - One of five leading mainland Chinese feminist advocates said she went through lengthy and verbally abusive interrogations after she was conditionally released in a case that has attracted international attention.


Foxconn Moving Direct to Consumer (Jun 29)
I remember having conversations years ago about what Foxconn would do going forward, and whether or not they would be happy as the manufacturer to brands.   The WSJ article, Amid Margin Squeeze, Foxconn Designs Its Own Fate, puts this question to rest. Recently, the $130-billion-a-year in revenue company has ventured into handset accessories under its […]


Bites of China. Finally a Show Worth Watching! (Jun 9)
A couple of weeks back, while riding the G train back from Nanjing, something caught my eye.  An advertisement by CCTV for what I believe could be one of the best produced shows China has put together.  At first, I had no idea what the advertisement for, but what was clear was that it was […]


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