Word: restrictions
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...Though Wang notes that the total is small compared with the level of NPLs that Chinese banks carried in the past, she still calls the sum "staggering." Policymakers in Beijing are clearly concerned. Since December, they have introduced a series of steps to cool down the housing market and restrict access to credit by, for example, reintroducing taxes on certain property transactions and raising the required level of cash that banks have to keep on hand in an effort to reduce new lending. (Read "Foreign Luxury Cars: Picking Up Speed in India...
...worry is that problems at the banks will restrict credit and make it harder for businesses to grow and individuals to spend. That could put the brakes on the economic rebound. What's more, the continued loan losses at the banks show that individuals and companies are still having trouble paying their bills and meeting their debt obligations. Lastly, the losses at the banks, at a time when the government is offering significant stimulus to the financial sector, suggest that the firms remain far from fixed...
...owned businesses in the heart of downtown. She regularly sparred with the city's former mayor, Kwame Kilpatrick, who resigned in 2008 amid enormous legal problems. Just last month, she drew headlines for abruptly leaving the council's chambers to protest a rushed measure, backed by Christian conservatives, to restrict alcohol sales at Detroit's strip clubs. "It was an act of democracy to walk out and not let the process be hijacked by people with a narrow interest," she said later...
...Chinese agency that oversees the country's Internet-domain-name registry announced it will limit the system to use by businesses, effectively excluding private citizens from registering new domains. The new rules, which the China Internet Network Information Center (CNNIC) put into place on Dec. 14, are meant to restrict online pornography. But some new-media experts say they may add another tool to the country's array of Internet controls. "Many believe that the crackdown on porn was just an excuse," says Isaac Mao, a Chinese blogger and a fellow at Harvard's Berkman Center for Internet and Society...
...Green Dam plan was curtailed following complaints from Internet users and foreign computer manufacturers that it would excessively restrict Web surfing and would allow a dangerous gateway for computer viruses. The new domain-registering restrictions have also prompted complaints. "The point is that there is no law that allows for this," wrote a commenter on a forum at Tianya, a Chinese Web forum. "As a government organization, why can the CNNIC disregard the laws?" Another Chinese commenter described the move as "the most substantial Internet censorship campaign I've seen...