China News

CRC is taken for a ride

CRC (China Railway Construction Corporation) finds out that being state-owned can be a liability at times:

http://www.time.com/time/world/article/0,8599,2033238,00.html

Getting the Chinese to spend even more:

http://www.nytimes.com/2010/11/28/magazine/28China-t.html

Here come the 'dim-sum' bonds
http://www.bloomberg.com/news/print/2010-11-28/yuan-hungry-investors-urge-companies-to-sell-dim-sum-bonds-china-credit.html