China

[Bullitt]

Who's getting emotional? Hedge Funds?

 

[James48843]

Chinese Property values begin to collapse-

http://www.bloomberg.com/news/2010-...et-starting-collapse-that-will-hit-banks.html


"China’s property market is beginning a “collapse” that will hit the nation’s banking system, said Kenneth Rogoff, the Harvard University professor and former chief economist of the International Monetary Fund.

As China’s economy develops, “especially at the speed it’s growing, it’s going to have bumps,” said Rogoff, speaking in an interview with Bloomberg Television in Hong Kong. He also said that while recoveries across the global economy are “very slow,” the danger of a return to recession isn’t “elevated.”

Rogoff’s concern echoes that of investors, who sent China’s benchmark stock index to its worst loss in more than a year last week. China’s data have been a focus because the nation has led the global recovery from the worst postwar recession."

 

[Buster]

China says jailing of U.S. geologist its own affair​

"BEIJING (Reuters) –
China said on Tuesday the jailing of a U.S. geologist on charges of stealing state secrets, described by the United States as disappointing, was its own affair and other countries had no right to interfere.


Xue Feng, a 44-year-old U.S. citizen born in China, was detained late in 2007 after negotiating the sale of an oil industry database to his employer at the time,
Colorado-based consultancy IHS Energy, now known as IHS Inc.


The U.S. Ambassador to China,
Jon Huntsman, said he was disappointed by the eight-year sentence and that the prosecutor's case appeared "flimsy" and "opaque."

http://news.yahoo.com/s/nm/20100706/ts_nm/us_china_usa_secrets