Chillin' out till it needs to be funded
The business media battle from across the pond ( though we have the social media corner against both WSJ and FT) continues to give FT strange Ideas during and after Christmas. The China story we have done for three weeks, has now hit the British leader and the global champion of investment banking and economics with or without the street. why the delay?..we’ll follow their story to get you any interesting turns too
Even in the past there have been rare instances when FT has suppressed a business story in US or India/China markets to bring it up later with a dash of Pekingese lemon and the partridge eggs for breakfast
Meanwhile, China’s banking crisis has taken a hiatus with brakes on lending ( see http://china.advantages.us) and we still have 3 out of 4 china banks to cover over this weekend and next) Local business denizens have taken over reporting and op-eds in WSJ in India and China. And that has made a difference to the firmness and quality of opinion. This is the insider track.
The surge in lending and strong house prices, which increased 9.5 per cent year-on-year in 70 large cities, will underscore concerns that the economy is at risk of overheating.
However, consumer price inflation moderated last month to 1.5 per cent from 1.9 per cent the month before, although factory-gate prices rose faster than expected to 4.3 per cent from 1.7 per cent.
The mortgage bundle continues to give sleepless nights to the Kremlin in Beijing as urbanization continues unabated and a good 1 in 5 of the 200 cities try to emulate the New Central Business District in their city