Hot Money Out of CN + Carmakers' Cutthroat Fights for CN Customers

choi

(1) Aaron Back, Faith in Yuan Rise Is Fading, Bank Data Show; Foreign currencies flowed out of China as a sure bet on the yuan dissipates. Wall Street Journal, Nov 22, 2011.

My comment:
(a) There is no need to read the text.
(b) Just view the bar chart in
Tom Orlik, Hot Money’s Hurried Exit from China. China Real Time, Nov 21, 2011.
http://blogs.wsj.com/chinarealti ... ed-exit-from-china/

(2) Norihiko Shirouzu, Auto-Market Competition Simmers in China. Wall Street Journal, Nov 22, 2011.
http://online.wsj.com/article/SB ... 51921066584342.html

Quote:

"Auto makers and analysts China’s once red-hot demand for automobiles could register single-digit growth rates for a second year in a row, the lowest back-to-back years since the market first took off in the late 1990s. Analysts and industry executives say the slowdown will likely make competition in the world’s No 1 auto marketplace more cutthroat as more auto makers pile in.

"much of the toughest competition is likely to occur in the lower end of the market, as local auto makers fight for survival against foreign-led joint ventures looking for growth. Nissan and Dongfeng said at the opening of the Guangzhou show that next year they plan to launch the Venucia, their joint China-only brand that takes direct aim at consumers who have been buying low-priced, no-frills cars from China's indigenous brands.

At the high end, Fiat SpA of Italy said it plans to launch its Alfa Romeo brand in China next year, though the date hasn't been determined yet.

My comment:
(a) This is a good report, but there is no need to read the rest.
(b) Japanese surname Kimata  木全
(c) Alfa Romeo
http://en.wikipedia.org/wiki/Alfa_Romeo
(founded in 1910 as ALFA (Anonima Lombarda Fabbrica Automobili, English: Lombard Automobile Factory, Public Company); Nicola Romeo was its head 1915-1928; In 1920, the name of the company was changed to Alfa Romeo; sold to the Fiat Group in 1986)
(d) Fiat
http://en.wikipedia.org/wiki/Fiat
(an acronym for Fabbrica Italiana Automobili Torino (English: Italian Automobile Factory of Turin); Founded  1899; Headquarters  Turin)
(e) Guangzhou Automobile Group  广州汽车集团股份有限公司 (state-owned, founded in 1997


(3) Norihiko Shirouzu, Chinese Auto Firms Polish Their Vehicle-Design Efforts; Foreigners help develop new looks for the makers' vehicle. Wall Street Journal, Nov 22, 2011.

My comment: there is no need to read the rest, which basically says foreigners make great contributions to sleek design of car frames.

(4) David Wessel, US Firms Eager to Add Foreign Jobs. Wall Street Journal, Nov 22, 2011.

My comment:
(a) There is no need to read the rest.
(b) A world map accompanies the report.

"Going Abroad  Employment levels for US-based multinational companies in 2009, and the change since 1999

Brazil 505,300  Up 47%
Canada 1.0 million  Up 6%
China 943,900  Up 262%
France 529,900  Up 2%
Germany 614,500  Down 2%
India 453,300  Up 642%
Mexico 904,300  Up 17%
UK1.1 million  Up 8%

Source: US Commerce Dept"

My comment: There is no need to read it, for you can guess foreigners make all the contributions, according to the report.

(5) Simon Rabinovitch, Dip in Chinese Property Deals Sparks Concern for Banks; Stress tests; A Real estate slump would have a significant ripple effect on the global economy. Financial Times, Nov 22, 2011
("in October property transactions fell 39 per cent year-on-year in China's 15 biggest cities, according to government data. Nationwide, transactions dropped 11.6 per cent, accelerating from a 7 per cent fall in September")

My comment: There is no need to read the rest.