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February 2, 2010

Don’t Quote Me…On Working The System

Related entries: Business Issues, Risk & Law

A very nice post, entitled “Floating Houses, Conflicting Laws, And Really Nice Governmental Officials. China Law Practice Writ Large” from Dan Harris over at China Law Blog, who picked up on a piece from Stan Abrams’ China Hearsay.

The concluding message is the focus for the purposes of our “Don’t Quote Me” series:
“Bottom Line: If you are a foreigner in China, you cannot expect to work the system. Instead, you should assume the system will work you.”

So very true! Many people try to use (often weak / temporary) “guanxi”, rely on “advice” from local partners, or just close their eyes and hold their breath…Sadly these approaches do not usually provide long-term fixes. More often those clever folk end up in a fix of their own making. As Dan advises:

“Your defense to that is to follow the law to the letter and if the laws are in conflict, then know what your risks are and be prepared to weigh them against the rewards…Got it?”

Stan, in the original post has some more, blunt advice:

“...if you ever get any sort of “approval” from a government authority, investigate the shit out of it, particularly if it has been issued by local authorities…No magic bullets. Do your homework, be aware of what could happen if things go bad, and know your company’s tolerance for risk.”

So, know the law, take professional advice, do the due diligence, and give clear direction to in-market staff about how plans should be implemented. And do a regular review – laws, as well as appetite for risk, change over time.

Got it?

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Briefly…Top Ten Tweets (From Rapid Urbanisation, Rich Consumers & The 2nd Tier, To Woes for Water, Barbie Dolls & Google…& More)

Related entries: Business Issues, Consumer Market, Corporate Social Responsibility, Economy, General, News, Research, Risk & Law, Strategy

  1. Consumers: RT @MasterCardNews: MC A/P Economist: Rapid urbanization in China boosts consumption-led growth http://bit.ly/ahbPTU 4:53 AM Jan 28th from Echofon


  2. A question of appreciation: CNY 4 RMB?? RT @TheLexColumn: When it comes to the renminbi…what would you do? http://tinyurl.com/ydgx8gb 2:14 PM Jan 27th from Echofon [Others have their own suggestions…RT @UKTI_JGordon: 5%?...RT @BullishChina: China May Consider One-Off Yuan Gain, Goldman’s O’Neill Says – BusinessWeek http://ow.ly/16pa8J 8:50 PM Jan 23rd]


  3. Environment: Diverting issue for CN! RT @TheEconomist: Water is the biggest word in global commons tag cloud, then oceans, human rights, space, air #WEF 2:04 PM Jan 27th from Echofon


  4. Data review: Stats RT @ChinaPrime: China Commissioner: National Economy: Recovery and Posing in the Good Direction in 2009 http://ow.ly/10ptt... 8:23 PM Jan 26th from Echofon [Also worthy of note is the change to GDP stats: 1 country, 1 system! RT @China_Daily: China to unify GDP calculation http://tinyurl.com/y8s55lt]


  5. Risk: Quality is there, if you care RT @DanHarris: RT @westlawchina: China quality. It’s getting better all the time. http://bit.ly/8qWdhU 6:05 PM Jan 25th from Echofon


  6. 2nd Tier Cities: For starters! RT @christinelu: “China saves the day for luxury”—Heard of Tianjin, Wuhan, Chongqing, Chengdu? ...http://ow.ly/10cSu 6:01 PM Jan 25th from Echofon


  7. Google Again: RT gadyepstein: RT @GarySoup: GREAT analysis of Google's failure in China <a href="http://is.gd/70tV9 ">http://is.gd/70tV9 </a>...triciawang HT @fuzheado et al 5:57 PM Jan 25th from Echofon


  8. Strategy: Delivery is in the (local) detail RT @raykwong: Barbie does China. China not impressed. (Forbes, by @shaunrein) http://twurl.nl/3zyy38 8:22 PM Jan 24th


  9. Economic overheating?: Pressures mounting RT @TheEconomist: New article: Is China’s economy growing too fast? http://bit.ly/50mhQ4 #economist #china 7:52 PM Jan 23rd from Echofon


  10. Expo: Aiming for 70m! RT @live_china: World Expo Sells 20 Million Tickets http://ff.im/-eHzuw 10:01 AM Jan 23rd from Echofon


    11. And a late update from the week before. Apologies for the delay. Business has been busy…

    1. GDP RT @shanghaidaily: China’s economy grew 10.7% in Q4 of 2009 from a year earlier.GDP grew 8.7%... http://xpo.sh/aq 4:52 AM Jan 22nd from Echofon


    2. Google: Committed? RT @chinaeconreview: CEO: Google “committed” to being in China, will change censorship policy http://dlvr.it/hbV 4:49 AM Jan 22nd from Echofon


    3. ODI, early days RT @christinelu: “China Inc’s global growing pains” [Reuters] – China going global, not so easy… http://ow.ly/Zdvs 4:47 AM Jan 22nd


    4. Employment contracts +: RT @DanHarris: RT @BlawgTweets: Employee Non-Compete Agreements In China. It’s Complicated. http://bit.ly/5UCL6b 1:22 AM Jan 22nd from Echofon


    5. Economy: RT @BullishChina: China to knock off Japan as world’s second largest economy – Vancouver Sun http://ow.ly/16ojAx 1:16 AM Jan 22nd from Echofon


    6. Managing supplier risk: All change (post payment). From CLB: Another Day, Another Interesting Conversation With A China Factory…http://bit.ly/732orJ 10:56 PM Jan 18th from


    7. Relationships… RT @AndrewShanghai: ChinaSolved.com: Google & China – I love you, You’re Perfect, Now Change…http://ow.ly/XI55 2:21 PM Jan 18th


    8. Charity & CSR: @tomstader The Library Project’s Results: 225 libraries, +150,000 books donated, +50,000 kids have access, in 3 years. http://bit.ly/7xDEnY 6:16 AM Jan 16th from Tweetie


    9. FX: RT @TweetChina: China’s foreign reserves increase sharply http://tinyurl.com/yczwx87 1:50 AM Jan 17th from Echofon


    10. Adversarial symbiosis? RT @darnoc: James Kynge in FT: China & the West, Full Circle http://bit.ly/6i9zLT 9:24 AM Jan 16th from Echofon


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      January 29, 2010

      The (Chinese) Holidays Are Coming, Again Already

      Related entries: Announcements & Events, General, News

      China’s public holiday schedule always used to be a bit of a mystery, until the last minute. Now things are more simple and transparent, and we already know the schedule (subject to local variations?) for holidays in 2010 (thanks to CNReviews).

      Here is the list.

      February 13-19: Chinese New Year (+ working weekend 20-21) *Falls on the 14th
      April 3-5: Qing Ming
      May 1-3: Labor Day
      June 14-16: Dragon Boat Festival (working weekend 12-13)
      September 22-24: Mid Autumn Festival (Working weekend 19+25)
      October 1-7: National Day (working weekend 29/9 + 9/10)

      Chinese New Year is (already) not far off…A busy couple of weeks ahead!

      We, of course, will be working throughout (from London). Project turnaround will however be delayed during the holidays, as our resources take a well-earned rest. So please get to us early with any urgent requests.

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      January 25, 2010

      China The Biggest…Double Bill Edition (Autos & Exports)

      Related entries: Consumer Market, Economy, General, News, Trading

      We have seen a lot of China as the biggest in may areas, recently in gold. It has also been pushing for the top exporter (as reported here). Now it has hit the top spot on autos and exports:

      • Autos…China is big, and bits of it are getting ever bigger…- China the biggest… RT @billrusso: Business Week: China Ends U.S.’s Reign as Largest Auto Market http://tinyurl.com/yj9a93j 12:32 PM Jan 11th

        • Bloomberg: “China’s 2009 vehicle sales rose 46 percent making it the world’s largest auto market, a title held by the U.S. since the Model T Ford went into production a century ago.

        The nation’s vehicle sales rose to 13.6 million units, according to the China Association of Automobile Manufacturers. In the U.S., sales slumped 21 percent to 10.4 million vehicles, the fewest since 1982, according to Autodata Corp.

        ...China’s vehicle ownership climbed to 51 million by the end of 2008 from 1 million in 1977.”

        • Exports…China the biggest: RT @BullishChina: China passes Germany as top world exporter – AFP http://ow.ly/16ifsG 9:34 AM Jan 8th

          • AFP: “From January to November, Chinese exports were worth 1.07 trillion dollars, while German data showed that exports from Europe’s biggest economy amounted to 734.6 billion euros, or 1.05 trillion dollars.”

          • And there is more to come…And it is not all in goods – RT @raykwong: China has become the world’s second-largest producer of scientific knowledge. http://twurl.nl/7rfjfr R&D spending up 18%. 9:03 PM Jan 6th

            • …more to follow, along the same lines. Next up is diamonds. News coming soon…

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            Briefly…Top Ten Tweets (From Google’s Searching Questions, To Poorly Made Books, Bubbles & Biggest Things)

            Related entries: Business Issues, Corporate News, Economy, General, News, Risk & Law, Trading

            Twitter and travelling in China do not go well together (sadly), so apologies for the delayed news here on the blog.

            Our round-up of news from ChinaBlogTweets is below, but the staqnd-out stories must be the throwing down of Google’s gauntlet, and China’s year-end figures that include not only great growth, but also several more “biggest” and “second biggest” nominations.

            1. Google, censorship and business sense?: This is such a big story, it needs to be looked at from several perspectives. A selection is below.

              • China Speakers Bureau: Why is Google leaving China (part 1) http://ow.ly/VVZP


              • GoogleCN has been at it a while. Here is one of our old posts on it from 2007 http://ow.ly/1mYX8W


              • The PR perspective RT @imagethief: New post: Google detonates the China corporate communications script: http://is.gd/6aOCk #GoogleCN


              • Case study in China MNC (mis)management RT @Web2Asia: My take on Google’s China announcement http://bit.ly/6EOcfF


              • Searching RT @NiuB: RT @jinghuaz: RT @johnolilly …Very good big picture piece from Fallows on Google & China. http://bit.ly/4Hqfog


                • More updates on this to follow. We will tie it all together when (!) time allows. In the meantime, keep following the story on Twitter, and everywhere else.

                1. Lending & inflation: China Raises Banks Reserve Ratio to Cool Economy, Bloomberg – http://ow.ly/VAjg 12:38 PM Jan 12th from HootSuite


                2. Bubbles?: @fonstuinstra China Speakers Bureau: Tell James Chanos: no bubble in China – Shaun Rein http://ow.ly/Vy5T 8:59 AM Jan 12th


                3. Setting Up: RT @BlawgTweets: How To Form A Representative Office In China. http://bit.ly/5j0CCk 4:05 PM Jan 11th


                4. China is big, and bits of it are getting ever bigger: China the biggest… RT @billrusso: Business Week: China Ends U.S.’s Reign as Largest Auto Market http://tinyurl.com/yj9a93j 12:32 PM Jan 11th from Echofon


                  5. See more on this here.

                  1. Another one to read RT @NiuB: Paul Midler’s “Poorly Made in China”: Mischief, mayhem, soap. by @imagethief: http://bit.ly/4ybBhu 11:16 PM Jan 7th


                  2. PR = Pay Reporters RT @stinson: #link Getting paid for reporting through red envelopes – Global Times… http://ow.ly/16hOvk 1:47 PM Jan 7th


                  3. RMB RT @nducray: RT @niubi: China Think Tank Calls For One-Off 10% Rise In Yuan Vs US Dollar – WSJ.com http://bit.ly/8NOkbj 8:20 AM Jan 6th. (More on the RMB here: RT @niubi: Pettis on RMB-Everyone wants to talk about currencies http://bit.ly/82DTQM 4:12 PM Jan 9th).


                  4. RT @BullishChina: China May Report 8.5% Growth for 2009, Official Says – BusinessWeek http://ow.ly/16gMin 10:48 AM Jan 5th


                  5. Up! RT @ChinaNewsLine: China’s December Exports Rebound, Imports Jump 55.9% – BusinessWeek http://tinyurl.com/yb9qjqa #china 8:30 AM Jan 10th from Echofon


                    6. Another news update will catch up with the calendar soonest…

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                    China Greentech Initiative – Seeking Exceptional Candidates

                    Related entries: Announcements & Events, Environment, General, News

                    What follows is a message direct from China Greentech Initiative (see our original post here). Interesting opportunities to participate in a very interesting, and important, project!

                    “The China Greentech Initiative would like to thank China Business Services for encouraging its readers to download and read The China Greentech Report 2009. We hope that the readers found it interesting and informative.

                    Based on the tremendous support of the Partner organizations, we are seeking outstanding candidates for strategic research, partner relations and operations leadership and staff roles. This is an opportunity to be at the leading edge of the world’s biggest new greentech industry, helping to develop and organization focused on providing value to the world’s leading greentech senior executives and policy advisors. Open positions, which are primarily based in Beijing, and some in Shanghai, include:

                    Director, Strategic Research and Program Delivery
                    Director, Partner Relations and Business Development
                    Strategic Research Managers, Senior Analysts and Analysts
                    Partner Relations and Business Development Principals
                    Manager, Operations
                    Manager, Project and Events Management
                    Manager, Government, Market and Media Outreach

                    For you or any of your trusted acquaintances who might be interested in these opportunities, kindly visit http://www.china-greentech.com/team. For additional information and instructions on how to apply, contact recruiting@china-greentech.com. We welcome your collaboration in the mission to create a sustainable China and world, while uncovering commercial opportunities within these challenges.”

                    *Hyperlinks added by us.

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                    January 5, 2010

                    Briefly…Top Ten Tweets. Twice. (Two Weeks of Tweets – To Make Up For The Holidays!)

                    Related entries: Business Issues, Corporate News, Economy, General, Investment, News, Risk & Law, Trading

                    Wishing you a Happy New Year, and hoping you returned refreshed from your holidays. In case you were not glued to the news over the Christmas / New Year break, see below for some of the news you might have missed.

                    Our post-holiday, extended China round-up covers economic views, reviews and previews, hot issues, some practical advice, and other useful news from our ChinaBlogTweets Twitter feed…

                    1. RMB, trade… RT @leonacraig: good op-ed piece about what #China will face economically in the coming year http://bit.ly/4DUBR6 3:01 PM Jan 1st


                    2. Top ten economic stories of 2009 in China, from Global Times http://ow.ly/1mJeZF 1:59 PM Dec 30th, 2009;


                    3. A preview for 2010 RT @gadyepstein: Whither the Chinese economy in 2010? No clue, but I made guesses. Forbes predictions on #China: http://twurl.nl/axfl7w 8:40 PM Dec 23rd, 2009


                    4. Gold RT @westlawchina: China becomes world’s biggest gold buyer in 2009 http://bit.ly/4UbDDF #china 3:18 PM Dec 29th, 2009


                    5. Contracts: Reality check RT @NiuB: The Perfect Yet Unworkable Chinese Contract. http://bit.ly/5kYafC 4:07 PM Dec 28th, 2009


                    6. Trade: May? Will?RT @China_Daily: China may surpass Germany as world’s biggest exporter http://tinyurl.com/y8z5q3d 1:52 PM Dec 27th, 2009


                    7. GDP: 9.6% in 08 RT @CDT: China Raises GDP Growth Estimates, Narrowing Gap With Japan: From Bloomberg…http://bit.ly/51LMA2 12:20 PM Dec 26th, 2009; In addition, a couple of projections – Happy new year?! RT @China_Daily: China economy to grow 9.5% in 2010: thinktank http://tinyurl.com/y9evsta 3:03 PM Jan 1st; RT @BullishChina: Minister: China aims for 2010 GDP growth of 8 pct – The Associated Press http://ow.ly/16bRE4 12:38 PM Dec 21st, 2009


                    8. Branded in China RT @ChinaDailyUSA: Haier Group named China’s most valuable brand http://bit.ly/4xRO5v 8:42 PM Dec 23rd, 2009;


                    9. Exception(al) Huawei RT @joelbackaler: NEW China Observer Post: Huawei Technologies: The Exception, Not the Rule http://tinyurl.com/ybfqlwx 12:41 PM Dec 23rd, 2009


                    10. R&D investment RT @christinelu: “China’s BAIC to spend $4.8 bln on R&D over 3 yrs” [Reuters]—the ones that bought Saab’s IP from GM. http://ow.ly/P1JF 8:42 PM Dec 23rd, 2009; Note the Huawei story above – it is another big R&D spender.


                    11. Banking on RT @chinaeconreview: RMB500 billion: The amount that China’s banking industry will raise in capital markets in 2010 http://dlvr.it/9H0 1:23 PM Dec 23rd, 2009


                    12. Holiday reading from China Law Blog RT @sinostream: The Best Ten Books On China. For Business. http://xi.gs/09Dc 1:40 AM Dec 23rd, 2009


                    13. Taxing times: One to watch RT @fonstuinstra: China to Tax Offshore Transactions – All Roads lead to China http://ping.fm/7WuCu 6:05 PM Dec 22nd, 2009


                    14. It’s complicated RT @ChinaRealTime…Stanley Lubman: Business in China: What Does ‘Playing by the Rules’ Mean?... http://bit.ly/54LNdD 12:30 PM Dec 22nd, 2009


                    15. Copenhagen: Holy cow! RT @fonstuinstra: Why China would never have accepted emission control http://ping.fm/jaZak 2:54 PM Dec 21st, 2009 ; And more – RT @live_china: China transforms balance of power in Copenhagen’s negotiating halls – guardian.co.uk http://bit.ly/7TilP1 [G] 6:29 PM Dec 17th, 2009


                    16. More on PRC PR RT @imagethief: Reading: PR Week’s overview of the China PR market by @ArunSudhaman: http://ow.ly/MDK6 9:07 AM Dec 17th, 2009


                    17. RT @China_Daily: China grants zero-tariff to 90% of ASEAN imports http://tinyurl.com/yews2fm 11:09 AM Dec 16th, 2009


                    18. Must monitor! RT @DanHarris: Reason #452,589 as to why you have to monitor the China companies to whom you outsource. http://is.gd/5pEcJ 8:59 AM Dec 16th, 2009


                    19. ODI >$33.5 bn RT @NiuB: China’s overseas acquisitions reportedly to hit record in 2009 (MarketWatch): http://bit.ly/8uNBOg 7:28 AM Dec 16th, 2009


                    20. FDI +32% +BMW RT @live_china: Foreign Investment in China Climbs for a Fourth Month – Bloomberg http://bit.ly/5MmYWY [G] 7:18 AM Dec 16th, 2009


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                      China The Biggest: Gold Buyer

                      Related entries: Economy, General, Investment, News

                      Back in 2008 we already remarked on “China The Biggest: Gold Producer”. Now it has also become the biggest gold buyer too, according to a report from People’s Daily (h/t @westlawchina).

                      “World Gold Council (WGC) data reveals that for the first time in 21 years the world’s central banks have been net buyers of gold and China has been the biggest buyer this year [2009], adding 454 tones to bring its central bank reserves to 1,054 tones.”

                      What will be next up in our “Biggest” series? Looks like it could be…Exporter (China Daily). We will keep you posted.

                      Trade: May? Will?RT @China_Daily: China may surpass Germany as world’s biggest exporter http://tinyurl.com/y8z5q3d 1:52 PM Dec 27th, 2009

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                      December 15, 2009

                      Briefly…Top Ten Tweets (From Made in China, PR & A Peaceful Rise, To Myth-Busting, Spending & Shifting Sands)

                      Related entries: Business Issues, Consumer Market, Corporate News, Economy, General, News, Research, Risk & Law

                      Here is our review of last week’s top news from our Twitter feed, ChinaBlogTweets:

                      1. Made in China…: As suggested, not positive! RT @JoannaDodd: Consumers react to China’s attempt to rebrand “Made in China” http://snurl.com/tncij 6:08 PM Dec 11th from HootSuite

                        2. Comment: Despite gaining plaudits at home, China’s ad campaign does not seem to have gone down well (Sound of 1 hand clapping? RT @China_Daily: ‘Made in China’ ad campaign wins applause http://tinyurl.com/ylp6t2e). It seems to ignore the fact that many people do care about shifting manufacturing jobs (and not about designers!). It also fails to communicate China’s added value. Better luck next time.

                        1. PRC PR RT @imagethief: New post: Imagethief digs into PR in China with Blue Ocean Network: http://ow.ly/KRTj 8:57 AM Dec 11th from HootSuite

                          2. Comment: PR is an often under-rated service in China. We have used it to great effect for our clients. Will Moss (aka imagethief) does an online interview for those who may need the service, and for those wanting a job in the industry. See more on PR in China here.

                          1. The economy RT @BullishChina: China’s 8% economic growth goal achievable: economist – Xinhua http://ow.ly/1675lO 2:32 PM Dec 6th from Echofon

                            2. Comment: Nobody is nervous about China reaching its 8% GDP growth target this year…but there are concerns over currency, debt, inflation and sustainability of growth.

                            1. Opportunity: EU-China Managers Exchange and Training Programme – Apply Now http://ow.ly/KwtF 9:18 AM Dec 10th from HootSuite

                              2. Comment: A great programme for EU managers to go to China. We have met a few who have come out the other end, and have nothing but good things to say about it. Apply, and see what 2010 might bring!

                              1. China Myths RT @KaiserKuo: Some straight-up China myth-busting from The New Yorker’s Evan Osnos (@eosnos). http://bit.ly/8exl1s 7:18 AM Dec 10th from Echofon

                                2. Comment: An interesting look at some common assumptions: “China is such a mix of strength and weakness these days that it provides endless material for opportunistic arguments. Here are the top ten myths about China in 2009 and how they fared…”

                                1. Higher for Haier RT @JingDaily: Haier Ranks #1 in Global Major Appliances Brands Market Share http://ow.ly/JV9R 4:35 PM Dec 8th from Echofon

                                  2. Comment: Chinese brands may be doing better than “Brand China” (see above), but there are very few doing well internationally. Haier is certainly one to watch. And there will be more to follow…See a related post here.

                                  1. HSBC report on saving & spending RT @China_Daily: China’s wealth surge tops in Asia http://tinyurl.com/ya2xrtt 9:05 AM Dec 8th from Echofon

                                    2. Comment: Chinese consumers are the holy grail of many a company seeking growth in difficult times. And the rich are getting richer. We wrote more on Chinese consumer wealth here.

                                    1. “Peaceful” rise? RT @AlexBowman: ‘Rise of China’ more popular news theme this decade than Iraq/’9/11’ (by 400%) http://ow.ly/JL8r 7:15 AM Dec 8th from Echofon

                                      2. Comment: We knew China was a big story, but not that it was the biggest! And for the next decade too?

                                      1. RT @TofflerAnn: Foreigners in China, if you’re not on Z or X visa, watch out. Crack downs on F visas. http://is.gd/5dZZ4 http://is.gd/5e00D 2:35 PM Dec 6th from Echofon

                                        2. Comment: When in China, better be legal!

                                        1. Picture Perfect: Desertification in focus RT @gallagherphoto: My work on China’s Growing Sands on New York Times’ Lens Blog today http://bit.ly/7dKFGj 7:04 AM Dec 8th from Echofon; RT @breningstall: RT @cchuang: RT @ChinaHush …gorgeous photos – family Portraits of all 56 ethnic groups in China http://bit.ly/6Xcu9S 2:40 PM Dec 6th from Echofon

                                          2. Comment: Sometimes it is best just to have a look. Sadly not all of us can make it to the distant corners of China (nor take great photos). Thankfully some can! Enjoy.

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                                          Will 8 (Percent) Be Lucky for the Economy?

                                          Related entries: Economy, General, News

                                          There has been a lot of economic news recently, and many are waiting for baited breath for the year-end results. Below are some of the latest issues and indicators.

                                          While GDP growth is on target for the (lucky??) 8%, and while there has been some positive movement on exports and retail sales, there are also real concerns over the state of the massive amount of (state-directed) bank lending, and over inflationary pressures.

                                          • RT @BullishChina: China’s 8% economic growth goal achievable: economist – Xinhua http://ow.ly/1675lO 2:32 PM Dec 6th from Echofon

                                          • Imports over exports. RT @China_Daily: China’s imports, exports grow 9.8% in Nov http://tinyurl.com/ycp8yh2 7:25 AM Dec 11th from Echofon

                                          • RT @China_Daily: China’s retail sales up 15.8% in November http://tinyurl.com/y86bxau 1:21 PM Dec 11th from HootSuite

                                          • Risky relationships, & loans RT @fonstuinstra: China’s Ponzi scheme – Victor Shih – http://ping.fm/pxNEh 4:33 PM Dec 10th from Echofon

                                          • Pricing impact RT @BullishChina: Inflation Returns to China – Wall Street Journal http://ow.ly/16888j 1:34 PM Dec 10th from Echofon

                                          Expect a lot of policy shuffling (alongside lending and spending) in 2010.

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