Word: faces
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...Never mind that the World Bank, International Monetary Fund, Moody's Investor Service, and various research houses and investment banks take the number at face value. Chang says "Beijing's statisticians have gone back to their old tactic of making up figures to support the Politburo's predictions." He points to inconsistencies in other statistical indicators: car sales jumped 94.7% in August, for example, yet gasoline sales rose just 6.4%. "There are reports that central government officials have ordered state enterprises to buy fleets of vehicles and that these businesses are storing them in parking lots across the country...
...Unlike Chang, Pivot Capital appears to accept China's reported growth in 2009 at face value, but says the "burst in economic activity has been inflated by a front-loaded stimulus package and a surge in credit growth," two drivers that will run out of steam in 2010. "The chances of a hard landing are increasing," the report warns. "The coming slowdown in China has the potential to be a similar watershed even for world markets as the reversal of the U.S. subprime and housing boom...
...Fifty-three-year-old Gabrielle Short, a forgotten Australian, described her ordeal at the Nazareth House, an orphanage in the southeastern town of Ballarat, to the Australia Associated Press (AAP). "If you wet the bed at the house, they'd rub your face into the sheets until it bled," Short said. "I try to explain it to my children now. If you were to read the story Oliver Twist, you take away the music and the happy bits, and that's what it was like." Two sisters, who were also in the care of the Nazareth House, but in Brisbane...
...suspension" of Iran's nuclear program in the negotiations. According to Keyhan, the ball is now in the U.S.'s court. They quote an "informed source" as saying, "Clearly, the West needs to make an agreement with Iran and we have provided them with the means to save face." The source continued, "From this point onwards, everything depends on how far the West can correctly calculate the benefits of interaction with Iran...
...good times in Chinese real estate could turn ugly. Louis Kuijs, a China economist at the World Bank in Beijing, commented in early November that even though Chinese policymakers may not need a "major tightening" right away, "risks of asset price bubbles and misallocation of resources in the face of high liquidity need to be mitigated." Kuijs concluded that "the overall monetary stance will have to be tightened eventually." Beijing's big test is to make sure that doesn't happen too early - or too late...