
More heartening news from China didn’t spark any breakouts by Chinese ADRs, which are mostly in a sorry state. Beijing’s policymakers have shown more proof that they’ve changed course: The yearlong fight to suppress inflation is shifting to economy-boosting efforts. That means money-tightening policies are reversing course. Easier credit hopefully will fight the economic drag [...]
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#1 » 40% of Chinese small businesses either went bust or almost went bust during crisis A report mentioned that just after 9 months China claimed its small business sector was surviving the global recession, new figures surprisingly shown that about a whopping 40% of them either failed or close to failing between Nov 2008 [...]
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