The Last Empire: China's Pollution Problem Goes Global
cited by Bill Bonner in his post today--The China Effect
CHINA
The value of property and financial stocks dropping
Investors are concerned about government moves in these sectors to fight rising inflation. Stakeholders wonder what Beijing will do. Tighter bank lending might cut liquidity to small enterprises, which are the engine of the economy. Experts propose raising salaries to deal with the situation.
World Bank: the Chinese economy is overvalued by 40%
The new estimate doesn't consider the gross domestic product, but actual "purchasing power", which is believed to be more realistic. The Chinese economy "loses" 3,486 trillion dollars, but remains in second place in the global rankings. Experts: these data demonstrate how serious the problem of poverty still is in the country.
Mgr Jia Zhiguo freed, should be back in police custody very soon
Catholics in the diocese of Zhengding say the bishop was freed because of his family’s repeated requests. An uncle is very sick and wants to see him before he dies. But the prelate is set to be rearrested in a few days, but it is unclear whether it will be before or after Christmas.
From Asia Times:
China rubber demand
stretches Laos
Chinese investors are pouring money into developing rubber plantations across Laos. Local farmers benefit, earning as much as eight times the profit they would get from opium production. At the same time, forests are being cleared in an unsustainable manner, land-use rights are trodden on and control over the industry is left in the hand of foreigners. - Brian McCartan
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