China Economic News

Currency War: U.S. Hedge Funds Mount New Attacks on China’s Yuan
http://www.wsj.com/articles/currency-war...1454236202

(01-02-2016, 07:53 AM)Behappyalways Wrote: Currency War: U.S. Hedge Funds Mount New Attacks on China’s Yuan
http://www.wsj.com/articles/currency-war...1454236202

Paid article, have to go through Google to read

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Bloomberg - China Factory Gauge Signals a Record Streak of Deterioration http://www.bloomberg.com/news/articles/2...rd-stretch

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I am interested, not on KFC, but a lawsuit case between foreigner vs local in China. IIRC, foreigner seldom win over local, in legal cases. This case is rare, even compensation is lower than expected?

KFC wins China payout over mutant chicken rumours
03 Feb 2016 13:02
[SHANGHAI] A Shanghai court has fined three local tech firms for helping spread rumours about Yum Brands Inc's KFC fast food chain that included doctored photos of deformed chickens and allegations the birds had six wings and eight legs.

In a statement on its official microblog, the Xuhui District People's Court said Yingchenanzhi Success and Culture Communication, Taiyuan Zero Point Technology and Shanxi Weilukuang Technology had "damaged KFC's reputation" and "caused it economic losses" by permitting the allegations to be posted on their social messaging accounts.

The companies were ordered to make an official apology and fined a combined 600,000 yuan (S$130,000), an amount that fell far short of the 1.5 million yuan Yum had asked each company to pay in damages.
...
REUTERS

Source: Business Times Breaking News

http://www.channelnewsasia.com/news/asia...90130.html

Situation does not seem rosy. With many factories suspending their operations

With the crazy amount of debt, even if its local, will be a headache when deleveraging occurs, there's only so much gov can do. Big things gonna happen soon...

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Bloomberg - Chinese Brokers Post `Ugly' January Profits Amid Rout, CICC Says http://bloom.bg/1QJOnqM

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Read somewhere that total debt is only 8% of GDP for china. Forgot where was it written. Kinda very manageable.

Debt related issues in china overplayed. Not going to be significant in my opinion. Internal consumption is going to drive the economy going forward.

Now the emphasis is Make for China and not made in China.

I believe we are beginning to see benefits on low oil prices across industries that do not depends on high prices of Oil and Gas.
it may takes time to trickle down but it sure does.

(05-02-2016, 03:08 PM)alex Wrote: Read somewhere that total debt is only 8% of GDP for china. Forgot where was it written. Kinda very manageable.

Debt related issues in china overplayed. Not going to be significant in my opinion. Internal consumption is going to drive the economy going forward.

Now the emphasis is Make for China and not made in China.

alex where did you read that?  Are you sure the 8% is not something to do with GDP growth?

Recent article : 
http://www.businessinsider.com.au/china-...?r=UK&IR=T
[In 2005, China’s debt was 164% of GDP. Now it’s 236% of GDP. It’s not the scale that’s worrying. Many countries have debt that is twice GDP. It’s the speed at which it is changing, compared to the slower pace of economic growth.]

From June last year :
Bloomberg : China's Debt-to-GDP Ratio Just Climbed to a Record High
[Outstanding loans for companies and households stood at a record 207 percent of gross domestic product at the end of June, up from 125 percent in 2008, data compiled by Bloomberg show.]

Granted their foreign held debt level is low, and internal debt to gdp % is not nearly as high as america's, still that's a lot of debt.