Jul 27
HuRun, which calculates an alternative luxury index for a basket of 61 high-end goods and services (38 of which are imported), said the prices of luxury goods in China were up 7.73% this year, compared with a 6.4% inflation rate for consumer goods overall. Notably, yachts and jets have seen the largest price surges, rising …
Permanent link to this article: http://www.wealthson.com/1521/inflation-in-luxury-items-is-even-more-than-total-inflation-in-china
Jul 20
In one of my post last week Reasons why GOLD is going up; Gold rally continues, I have tried to give reasons why Gold prices are shooting up and why they might go further up in the future. I have mainly dealt with things impacting the Gold prices directly. Three reasons which I gave in …
Permanent link to this article: http://www.wealthson.com/1431/quick-list-of-global-economic-problems-and-the-rise-of-gold-prices
Jul 05
Debt problem in China seems to be bigger than anticipated. China has undisclosed bad debt under write-offs. Moody’s have found that out of $ 1.6 Trillion debt of local governments in China, $1.3 Trillion were funded by banks. Not only this, 10% of China’s $5.8 Trillion GDP is bad debt which unaccounted i.e. $ 540 …
Permanent link to this article: http://www.wealthson.com/1306/chinas-debt-problem-is-more-than-just-bad
Jul 03
Greece’s recently approved austerity plan might not resolve deeper questions over how the country will repay its debts beyond this summer, but it appears one of the world’s biggest investors still has faith in the country and and the greater Eurozone. After all, it would be too risky not to. Earlier this week, just days …
Permanent link to this article: http://www.wealthson.com/1300/when-dragon-rescued-the-europe
Jun 10
Chinese economy is finally slowing down its pace. Low level of industrial activity in China has made it clear that world economy is stalling. And it is very much evident that some major economies are going to get hit by this sluggishness in China, like if we look at current economic reports Australia which is …
Permanent link to this article: http://www.wealthson.com/1163/chinese-economic-statistics-at-a-glance
May 01
Recently there had been lots of discussions on US disengaging dollar as the reserve currency of the world and Yuan becoming the next reserve currency. Every twenty to thirty years – whenever, it seems, that the American current account deficits surge – we hear dire warnings in the US and abroad about the end of …
Permanent link to this article: http://www.wealthson.com/941/why-yuan-can-not-be-the-reserve-currency-of-the-world
Sep 24
China premier Wen Jiabao says yuan exchange not to blame for China-U.S. trade deficit, 20 percent yuan appreciation would bankrupt Chinese exporters.
Permanent link to this article: http://www.wealthson.com/839/china-hits-back-at-yuan-critics
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