Channel created on May 14, 2007 at the peak of the Bubble to warn of its collapse. May 2007: "The Shanghai composite index's sharp rise in the past 18 months makes the Nasdaq's glory days in the late 1990s look quaint by comparison. Last year, the Chinese index soared 130%. This year it is up another 50%, bringing its market capitalization nearly even with the US$13.5-trillion market cap of the mighty S&P 500. On the valuation side, stocks are trading at an average of 42- times ... http://myprops.org/channels/Chinese-Bubble/ Sat, 21 Nov 2009 01:08:20 GMT http://backend.userland.com/rss RSS.NET: http://www.rssdotnet.com/ Chongqing, China: "Nearly 500 criminal suspects are on the run following a crackdown on gangsters in China, according to media reports...Illegal loans are one way the gangs make money. One local official said the loan business could be worth as much as a third of [Chongqing's] annual revenue.Three billionaires are among hundreds of people who have already been arrested in the two-month campaign in Chongqing. The head of the city's judicial department is under investigation after claims ... http://myprops.org/content/Billionaries-arrested-in-Chinas-crackdown-on-illegal-loans/ Tue, 18 Aug 2009 19:22:56 GMT He had expected his Sichuan restaurant, a couple of miles from the Olympic village, to be packed with tourists during the Games. But it's been unusually quiet. One day this week, business was so slow that Li let two of his seven staff members go home in the middle of the lunch hour. Three others sat in the corner watching television. "Everybody thought the Olympics would be great for business," he said. "It turned out differently." Many owners of small restaurants, ... http://myprops.org/content/Olympics-disappoint-China-business-owners-Los-Angeles-Times/ Fri, 22 Aug 2008 16:03:17 GMT China's benchmark Shanghai Composite Index fell 5.2 percent Monday following the release of economic data showing wholesale price inflation jumped to its highest level in 12 years in July. The Shanghai index closed at 2,470.07 on Monday, down 135.65 points. That was its lowest close in more than a year and a half. The Shenzhen Composite Index of China's smaller, second market plunged 6.6 percent to 698.37. Airlines, textile exporters and refiners led the decline. Two of three major ... http://myprops.org/content/China-shares-fall-5.2-percent-hitting-19-month-low-on-economic-fears/ Mon, 11 Aug 2008 13:28:31 GMT Will China follow? (The stock market already has.) http://myprops.org/content/CNN-Vietnams-bubble-bursts/ Fri, 01 Aug 2008 08:57:06 GMT Confucius Institutes (state-funded Chinese 'cultural centres') have sprung up throughout Africa, as far afield as the tiny land-locked countries of Burundi and Rwanda, teaching baffled local people how to do business in Mandarin and Cantonese. Massive dams are being built, flooding nature reserves. The land is scarred with giant Chinese mines, with 'slave' labourers paid less than £1 a day to extract ore and minerals. Pristine forests are being destroyed, with China taking up to 70 ... http://myprops.org/content/How-Chinas-taking-over-Africa/ Mon, 21 Jul 2008 02:41:31 GMT The mainstream media is now shocked that the Chinese stock market has tanked 56% and still falling fast. MyProps Chinese Bubble channel readers know that we warned of the bubble over a year ago. I don't believe China is anywhere near a bottom, yet, nor is Europe or the U.S. Look for Spain and the U.K. to completely crash. -July 7, 2008 ---------------------------- The great oil shock of 2008 is bad enough for us. It poses a mortal threat to the whole economic strategy of emerging ... http://myprops.org/content/Oil-price-shock-means-China-is-at-risk-of-blowing-up-Shanghai-Index-is-down-56-percent-since-October-one-of-the-worlds-most-spectacular-bear-markets-in-half-a-century/ Tue, 08 Jul 2008 06:22:37 GMT June 30, 2008 (Shanghai index current trading at 2,686 down 56% from peak of 6,124 in October 2007.) China's stocks declined, dragging the benchmark index to its worst month on record, as financial companies slumped amid speculation interest rates will be raised for the first time this year. China Merchants Bank Co. and Shanghai Pudong Development Bank Co. led declines. Air China Ltd., the country's largest international carrier, and China Southern Airlines Co. advanced after regulators ... http://myprops.org/content/China-Stocks-Fall-Benchmark-Index-Completes-Worst-Month-Ever-Shanghai-Index-Down-56-percent-from-Peak/ Tue, 01 Jul 2008 05:01:01 GMT Inflation in February rose 8.7 percent year on year, the fastest monthly rise in more than a decade, China's National Bureau of Statistics reported on its website on Tuesday. The accelerating price hikes, mostly contributed by skyrocketing food prices, have hardened the life of wage-earners and pensioners, Chinese analysts say, and will pressure China's central bank, the People's Bank of China, to increase benchmark interest rates, in the short run. A customer buys vegetable at a market in ... http://myprops.org/content/Inflation-in-China-at-11-year-high-some-foods-rose-50-percent-in-February-alone-beware-of-crashing-Chinese-stocks/ Sun, 06 Apr 2008 04:31:03 GMT This was not the way it was supposed to end. Many investors had been betting that Beijing would not allow the stock market to crash before the Olympic Games come to Beijing in August. After the Games, the powerful rumor went, everyone would sell, leading to a steep market plunge. And if anything serious happened before the Olympics, the government would certainly do something to prop up the market. They are still waiting. "It's a deformed market, an unhealthy market," Mr. Guan says. ... http://myprops.org/content/To-See-a-Stock-Market-Bubble-Bursting-Look-at-Shanghai-New-York-Times/ Thu, 03 Apr 2008 05:30:36 GMT Tables Turn Quickly on Chinese Developers After Buying Up Land, Firms Can't Raise Enough Cash to Build By JONATHAN CHENG March 26, 2008; Page C10; Wall Street Journal HONG KONG -- Just six months ago, Chinese property developers were on a shopping spree, dipping deep and borrowing heavily to snap up more, and more expensive, pieces of land. How quickly things have changed. Three months into 2008, China's property developers are under siege. Property prices are showing signs of ... http://myprops.org/content/Tables-Turn-Quickly-on-Chinese-Real-Estate-Developers-Wall-Street-Journal/ Fri, 28 Mar 2008 00:34:21 GMT China has the largest foreign reserves in the world, estimated at a staggering $1.4 trillion dollars, nearly 70 percent of which is held in U.S. dollars. Even with the gradual, yet significant, adjustments of the yuan's value during the past two years, the dollar's dive means that Chinese laborers are working harder to sustain the Americans' high standard of living, which for years has relied on borrowed money - not on American production. A financial meltdown in the U.S. will affect China and ... http://myprops.org/content/A-financial-meltdown-in-the-U.S.-will-affect-China-and-its-accumulated-wealth-badly-This-past-month-alone-the-cost-of-foodstuffs-in-China-rose-by-approximately-24-percent/ Sat, 22 Mar 2008 09:10:13 GMT CBS: China locked down the Tibetan capital Saturday after the largest and most violent protests against its rule in the region in nearly two decades. At least 10 people were killed when demonstrators rampaged through Lhasa, dashing Beijing's plans for a smooth run-up to August's Olympics. Also Saturday, police broke up sympathy protests in China's western province of Gansu, as well as in Australia, India and Nepal. Streets in Lhasa were mostly empty Saturday as a curfew remained in ... http://myprops.org/content/China-Dozens-Reported-Killed-In-Tibetan-Protests-two-weeks-before-Olympic-Torch-Relay-which-passes-through-Tibet/ Sat, 15 Mar 2008 19:23:45 GMT China's premier called for "powerful measures" to rein in inflation that is battering ordinary Chinese and warned of risks from a global slowdown and the U.S. credit crisis. In an annual policy speech to legislators Wednesday, Premier Wen Jiabao said a top priority will be cooling sharp price rises blamed on shortages of key food items. He said Beijing will use price controls and credit curbs to hold annual inflation to 4.8 percent. "To fulfill this task, we must take ... http://myprops.org/content/China-vows-to-control-inflation-warns-of-risks-from-a-global-slowdown-and-the-U.S.-credit-crisis/ Wed, 05 Mar 2008 09:39:12 GMT China is speeding up its military buildup and developing high-technology forces for waging wars beyond Taiwan, according to the Pentagon's annual report on Chinese military power. "The pace and scope of China's military transformation have increased in recent years, fueled by acquisition of advanced foreign weapons, continued high rates of investment in its domestic defense and science and technology industries, and far-reaching organizational and doctrinal reforms of the armed ... http://myprops.org/content/China-speeds-pace-of-military-buildup/ Tue, 04 Mar 2008 15:11:00 GMT Impressive. Designed to appear like a giant dragon, the terminal is the largest covered structure ever built, according to its British architect Norman Foster. The building runs for 3.25 kilometres (2.0 miles) and covers 98 hectares (245 acres) of floor space, the equivalent of about 170 soccer pitches. http://myprops.org/content/Two-Miles-Long-Beijing-Airports-New-Mega-Terminal-Opens-video/ Sat, 01 Mar 2008 00:56:07 GMT In an Internet survey in late December, just 7% of 19,437 respondents said they would stop withdrawing money and promptly report the mistake to the bank. "We are not saints," said an anonymous posting on a popular website, Tencent.com. Xu's father, 50, says his son can hardly be expected to follow the sort of mores he did growing up. When Chairman Mao led the nation, most people were scrupulously honest and society shared a common sense of purpose. "The difference between ... http://myprops.org/content/Only-7-of-people-in-China-would-report-an-ATM-error-to-the-bank/ Thu, 28 Feb 2008 21:10:27 GMT Pollution turned part of a major river system in central China red and foamy, forcing authorities to cut water supplies to as many as 200,000 people, the provincial government and a state news agency said Wednesday. Some communities along tributaries of the Han River -- a branch of the Yangtze -- in Hubei province were using emergency water supplies, while at least 60,000 people were relying on bottled water and limited underground sources, Xinhua News Agency reported. Residents in some ... http://myprops.org/content/Pollution-turns-central-China-river-system-red-and-foamy/ Thu, 28 Feb 2008 08:06:02 GMT Earlier this week, Xinhua, China's state-run news agency, issued an unusual public apology for publishing a doctored photograph of Tibetan wildlife frolicking near a high-speed train. The deception -- uncovered by Chinese Internet users who sniffed out a Photoshop scam in the award-winning picture -- has brought on a big debate about media ethics, China's troubled relationship with Tibet, and how pregnant antelope react to noise. It isn't clear what was behind Mr. Liu's deception. Some ... http://myprops.org/content/China-Eats-Crow-Over-Faked-Photo-of-Rare-Envelope-Running-by-Train-to-Tibet/ Tue, 26 Feb 2008 01:03:56 GMT Ridiculous Ant Farm Business endorsed by government officials tricks over 1 million Chinese into investing in it. Many lost their life savings. This shows how government officials who were bribed to endorse the company just care about bribes and not the company itself http://myprops.org/content/China-Ant-farm-biz-endorsed-by-gov-officals-dupes-over-1m-Chinese/ Sat, 23 Feb 2008 16:23:14 GMT The million-dollar bonus has arrived in China's financial services industry as local firms, buoyed by the spectacular boom in the country's markets, compete to hire from the small pool of experienced staff. Fierce competition has forced companies to start offering Wall Street-type compensation, especially in the fund management industry, according to industry executives, headhunters and consultants. http://myprops.org/content/Million-dollar-bonuses-arrive-in-Chinas-financial-services-industry/ Sat, 23 Feb 2008 03:30:57 GMT Bob Compton, an Indianapolis venture-capitalist-turned-filmmaker, has produced a controversial new documentary called "2 Million Minutes" that looks at how American education falls short in today's global economy. "What I saw in the K-12 schools absolutely shocked me in both India and China. . I became very concerned about the competitiveness of my own daughters' education," Compton said on "Good Morning America." http://myprops.org/content/Documentary-U.S.-Students-Cant-Compete-What-I-saw-in-the-K-12-schools-absolutely-shocked-me-in-both-India-and-China-1/ Wed, 20 Feb 2008 20:46:38 GMT You are about to view pictures of what has to be the most dangerous Tourist Hiking Trail in the world. After you see the pictures, I have little doubt you will agree. Mt. Hua is located in the Shaanxi Province of China. It stands to the south of Huayin City, 75 miles east of Xian. From the map, this mountain is located close to Himalayas of Tibet. 'Shan' means 'mountain' in Chinese, thus the name 'Hua-shan'. This is not mountain climbing. Mountain climbing involves using advanced ... http://myprops.org/content/Chinas-Mt.-Huashan-Hiking-Trail-American-man-and-his-wife-are-stupid-enough-to-attempt-this-death-trap-of-a-tourist-hiking-trail-pictures/ Tue, 19 Feb 2008 15:52:35 GMT China watchers are predicting a drop in the GNP growth rate this year and for the foreseeable future. Most are attributing the expected fall off this year - from last year's official 11.4 percent, the fifth year in a row of double digit expansion - to the expected downturn in the U.S. and the world economy in general. Even the 2007 growth rate wasn't that high when compared with the peaks of the 1980s and 1990s, when GDP growth in some years surpassed 15 percent, coming out of the stagnation ... http://myprops.org/content/Is-the-party-over-in-China-Massive-unemployment-looms/ Sun, 17 Feb 2008 02:10:31 GMT It's possible to be bullish on the long term prospects of a country or an industry, while at the same time believing the stocks are in a bubble and will crash short term. This was the situation with the internet in the year 2000. http://myprops.org/content/Jim-Rogers-A-bull-on-the-Chinese-economy-in-the-21st-century-but-believes-their-stock-market-is-in-a-bubble-video/ Thu, 14 Feb 2008 08:19:48 GMT Fighting stubbornly high inflation, China's leaders dusted off a blunt tool from its pre-market reform era and commanded utility companies to freeze electricity prices. Households got temporary relief after that September order, but the capitalist-style economy produced unwanted consequences. Coal shortages cropped up as power companies cut back on buying and mines reduced production. Freak snowstorms over the past month caught power plants with dangerously low stocks, resulting in blackouts ... http://myprops.org/content/China-Turns-to-Communist-Style-Economic-Controls-Amid-Stubbornly-High-Inflation/ Mon, 11 Feb 2008 04:39:13 GMT When a caterer working for the United States Olympic Committee went to a supermarket in China last year, he encountered a piece of chicken - half of a breast - that measured 14 inches. "Enough to feed a family of eight," said Frank Puleo, a caterer from Staten Island who has traveled to China to handle food-related issues. "We had it tested and it was so full of steroids that we never could have given it to athletes. They all would have tested positive." In preparing to take a delegation ... http://myprops.org/content/U.S.-Olympians-Will-Bring-Own-Food-to-China-Chinese-Chicken-so-full-of-steriods-that-athletes-would-test-positive-if-they-ate-it/ Sat, 09 Feb 2008 22:20:22 GMT Amazing http://myprops.org/content/China-now-has-210-million-internet-users/ Sun, 20 Jan 2008 04:17:14 GMT Beijingers were warned to stay indoors on Thursday as pollution levels across the capital hit the top of the scale, despite repeated assurances by the government that air quality was improving. "This is as bad as it can get," a spokeswoman for the Beijing Environmental Protection Bureau told AFP. "Level five is the worst level of air pollution. This is as bad as it has been all year." According to the bureau's website, 15 out of the 16 pollution monitoring stations ... http://myprops.org/content/Beijing-air-pollution-as-bad-as-it-can-get-official-says/ Sat, 29 Dec 2007 11:43:01 GMT . http://myprops.org/content/Breaking-up-not-hard-to-do-for-Chinas-me-generation/ Fri, 07 Dec 2007 22:11:46 GMT . http://myprops.org/content/Divorce-En-Vogue-in-China/ Fri, 07 Dec 2007 22:10:23 GMT The chart of the FXI is downright scary, in our view, and due for a major correction. The ETF bottomed out at 66 on June 13, 2006, and as of the close on January 3, 2007, has soared a remarkable 76% in less than 7 months. More incredibly, the FXI has spiked over 26% since November 28, and 13.5% since December 21. Can you say "mass speculation"? Since the last major low in June, 2006, the slope of the advance has changed four different times, getting steeper every time. Trading ... http://myprops.org/content/BusinessWeek-The-Chinese-Correction/ Mon, 12 Nov 2007 09:29:21 GMT Reader's Question: What causes asset price bubbles? Have Chinese stocks reached bubble levels? Can you share your perspective on the potential for a Chinese stock market crash? http://myprops.org/content/Is-the-Chinese-Stock-Market-a-Bubble-If-So-How-to-Invest/ Fri, 02 Nov 2007 08:41:18 GMT Just because China's in a bubble doesn't mean you can't make money. Consider Baidu, says Jim Cramer. http://myprops.org/content/Cramer-Chinas-Bubble-Can-Make-You-Money-video/ Tue, 30 Oct 2007 12:18:31 GMT Massive bubble, makes 1990s tech boom and 2000s housing boom seem minor in comparison. We know how those ended. http://myprops.org/content/China-Finance-Online-667-gain-year-to-date/ Sat, 20 Oct 2007 01:22:36 GMT Hu Jintao, the party's boss and China's president, rightly picks out two big problems: the widening gap between China's mostly urban rich and its mostly rural poor, and the party's lack of "internal democracy"-accountability and the courage to question and debate. None of the 1.3 billion ordinary Chinese gets a vote in the party's secretive conclaves. But among more than 700m left-behind peasants, frustrations are building. Despite double-digit annual increases in defence spending, an ... http://myprops.org/content/The-Economist-China-beware/ Sat, 13 Oct 2007 02:52:08 GMT Though a pop in Chinese bubble is unimaginable to many, the same way as collapse of Japan and fifteen year recession that followed was unimaginable in late 80s. It is not a question of 'if' but more of a question of 'when' the Chinese economy will cross that metaphorical 50 miles per hour mark and falling into the deep abyss of prolonged recession and very possible deflation. China is living through one of the greatest historical bubbles. Books will likely be written to describing its ... http://myprops.org/content/The-Great-Bubble-of-China/ Thu, 11 Oct 2007 06:49:55 GMT China has issued new warnings against mounting risks in its stock market, the second such caution in four months, in its latest bid to prevent people from investing blindly. Both the internal and external environments are growing complicated, but some investors still have little awareness of the risks, the China Securities Regulatory Commission said in a Website statement over the weekend. "The warning is another sign that the regulator thinks the market's increase is a bit fast and ... http://myprops.org/content/Chinese-securities-watchdog-warns-of-excess-exuberance/ Sun, 30 Sep 2007 04:58:52 GMT Photos of blatantly fake Chinese brands. http://myprops.org/content/Chinese-fake-brands-pictures/ Sun, 23 Sep 2007 21:20:58 GMT Following an 18-month rally, the total universe of mainland Chinese stocks, including those listed in Hong Kong, now stands at some $5,000bn, eclipsing the Japanese market. Even Chinese companies are playing fund manager, by buying shares in other companies on the basis that this will bloat earnings faster than plant expansion (even if it means the market collapse, when it comes, will deliver a double-whammy). But are China's corporate giants quite as mighty as they look? Dual listings in ... http://myprops.org/content/Chinese-stock-market-giants/ Mon, 03 Sep 2007 07:03:03 GMT The systemic problems are notorious enough to be the subject of media pranks. A Chinese journalist visited 10 hospitals this year and, pretending to be a patient, provided tea in the place of a requested urine sample. Six of the hospitals said they had discovered "blood cells" in the "urine" and immediately prescribed drugs. http://myprops.org/content/Chinas-Health-Care-Cash-Up-Front-Lots-of-Drugs-Corruption/ Sat, 01 Sep 2007 19:27:42 GMT Chinese analysts have insisted that rocketing earnings growth justifies the market's sky-high p/e of 38. Profits at the two-thirds of companies that have published results jumped by 71% in the first half. But half the growth was due to the booming stock market, thanks to the large crossholdings between mainland companies. If the market turns down or even levels off, "earnings will evaporate", warned UBS's Edmond Huang. http://myprops.org/content/If-Chinese-stocks-turn-down-Chinese-corporate-earnings-will-evaporate-which-could-cause-their-stock-market-bubble-to-burst-in-a-vicious-cycle/ Sat, 01 Sep 2007 12:20:14 GMT The world has been dazzled in recent years by the economic strides being made by China. But it has come at a huge cost to the country's environment. Pollution is a serious and costly problem. Pan Yue of the ministry of the environment says these problems will soon overwhelm the country and will create millions of "environmental refugees." http://myprops.org/content/The-Chinese-Miracle-Will-End-Soon/ Sat, 04 Aug 2007 20:59:34 GMT Even inside China, there have been shocking revelations in recent months: Pigs fattened on force-fed wastewater, dairy cows given so many antibiotics they can't produce yogurt from their milk and lard made from sewage. Farmers and producers, he said, are continually finding new and dangerous ways to cut costs. He cited the example of a farmer in the south who he said deliberately added a cancer-causing chemical to pigs because it made the flesh look better and less fatty. When he challenged the ... http://myprops.org/content/Shoppers-offered-few-safeguards-against-Wild-West-imports-from-China/ Thu, 26 Jul 2007 17:09:59 GMT The Chinese government executed a former director of its agency for food and drug safety this past week for taking money in exchange for approving fake medicines. The action marks Beijing's strongest statement yet as the country struggles to contain an escalating crisis of confidence in the safety of food and other exports. Chinese leaders are struggling to undo the effects of months of headlines about faulty or unsafe exports, including tainted pet food ingredients, toothpaste laced with a ... http://myprops.org/content/China-executes-former-head-of-its-food-and-drug-agency/ Sat, 14 Jul 2007 09:02:26 GMT "SHANGHAI, China - Water supplies to 200,000 people in eastern China were cut for 40 hours due to groundwater pollution, allegedly from chemical plants, state media reported Wednesday...Taps ran dry from Monday to Wednesday in Shuyang, a city in Jiangsu province where a massive outbreak of blue-green algae in 2005 forced the shut-off of water supplies to about 5 million people in another city, Wuxi, the official Xinhua News Agency reported....In one of China's worst recent cases of river ... http://myprops.org/content/Water-to-200000-Chinese-cut-off-due-to-pollution/ Thu, 05 Jul 2007 07:45:09 GMT The cause of this blast is still unknown, but fire safety in buildings has been a problem in China in the past. http://myprops.org/content/Nightclub-blast-kills-25-in-China/ Thu, 05 Jul 2007 06:46:57 GMT With the help of friendly officials, Lai cheated Beijing out of $3.6 billion in taxes, and then fled the country as he became the focus of the largest criminal investigation in Chinese history. Ten thousand of his associates were detained and 1,000 imprisoned. Fourteen were sentenced to death, among them the minister for borders and the head of military intelligence. Lai's older brother and his accountant died in prison. Only Lai got away. http://myprops.org/content/The-Most-Corrupt-Man-in-China/ Sun, 01 Jul 2007 09:01:59 GMT WASHINGTON (Reuters) - The U.S Food and Drug Administration said on Thursday it will not allow imports of Chinese farm-raised catfish, shrimp and other seafood until suppliers can prove the shipments are free from harmful residues...there [is] a chance serious health problems could develop if the product was consumed during a long period of time. "Despite extensive communication between FDA and appropriate Chinese authorities to correct the problem, we've continued to find residues of ... http://myprops.org/content/FDA-bans-importation-of-Chinese-farm-raised-seafood-because-of-harmful-residues/ Fri, 29 Jun 2007 01:06:11 GMT Roth Capital's Don Straszheim discusses the Chinese Stock Market bubble: "Chinese investors are chasing rumors with their savings. It's kind of a joke." http://myprops.org/content/Chinese-investors-are-chasing-rumors-with-their-savings-Video/ Fri, 15 Jun 2007 22:34:14 GMT You were warned 20 days ago on MyProps. "China's main stock index tumbled 8.3 percent Monday, June 4, 2007 in its second biggest drop this decade, extending big losses suffered last week after the government hiked the share trading tax to cool a bull run. The index has now lost 15.3 percent from last Tuesday's record intra-day high, erasing about $340 billion of value. In an apparent attempt by authorities to restore confidence, front-page editorials in official newspapers Monday assured ... http://myprops.org/content/Chinese-stocks-crash-8.3/ Mon, 04 Jun 2007 14:00:07 GMT Consumers were advised yesterday to discard all toothpaste made in China after federal health officials said they found Chinese-made toothpaste containing a poison used in some antifreeze in various U.S. 99 cents stores. http://myprops.org/content/Toxic-Toothpaste-Made-in-China-Is-Found-in-U.S/ Sat, 02 Jun 2007 23:31:07 GMT May 30, 2007 - Chinese stocks plunged Wednesday after the government raised a tax on share trades, trying to cool a market boom amid growing concerns about a possible bubble. The main Shanghai Composite Index tumbled 6.5 percent at 4,071.27 after hitting a record high on Tuesday. The Shenzhen Composite Index for China's smaller second market fell even more, closing down 7.2 percent at 1,199.45. http://myprops.org/content/Chinese-stocks-plunge-6.5/ Wed, 30 May 2007 12:11:56 GMT First it was pet food from China containing the toxic chemical, melamine, thought to have sickened thousands of U.S. cats and dogs and made its way into livestock feed. Now, toothpaste from China containing the lethal chemical diethylene glycol (used in engine coolant) has been found in Panama, Dominican Republic, and Australia. None has been found in the U.S. so far. Opinion: It seems that the cleaniliness of Chinese imported products needs to be re-examined. It sounds like there is ... http://myprops.org/content/FDA-Checking-all-Toothpaste-Imported-from-China/ Thu, 24 May 2007 02:55:33 GMT Former U.S. Federal Reserve Chairman Alan Greenspan said he feared a "dramatic contraction" in Chinese stocks ... Addressing a meeting in Madrid via teleconference, Greenspan said the recent boom in Chinese stocks could not last. "It is clearly unsustainable," he said "There's going to be a dramatic contraction at some point." http://myprops.org/content/Greenspan-Sees-Dramatic-Drop-in-Chinese-Stocks/ Thu, 24 May 2007 01:52:03 GMT Looking at a chart of China's Shanghai Composite, we are amazed at the steepness of gains over the past two years. Since the start of 2005 (560 trading days), the index is up 209%. While such large gains in so little time are unusual, they have happened before. An eerie comparison can be made with the Nasdaq from the start of 1998 to its top in early 2000. Over the same 560 trading days, the Nasdaq was up 212%. http://myprops.org/content/Nasdaq-in-the-Late-1990s-and-Shanghai-Composite-Today-Eerie-Similarity/ Fri, 18 May 2007 00:42:43 GMT The market's rapid rise since mid-2005 has made stocks an increasingly important part of the lives of many Chinese. The gains have been fueled by millions of new investors -- from retirees to college students -- who have poured into street-level brokerage outlets to sign up for trading accounts. Online trading is gaining in popularity too. Since Chinese stocks rarely sell for more than a few pennies a piece, barriers to entry are low and as many as 90,000 accounts have been opened per day in ... http://myprops.org/content/Wall-Street-Journal-on-the-Chinese-Bubble/ Thu, 17 May 2007 23:16:12 GMT "The NASD, a brokerage regulator, recently sent out an 'alert' to investors outlining the risks associated with margin. Through the end of March, the latest data available, the amount of debt taken on by investors to buy stocks totaled $317.7 billion. And while that was a bit below the $321.2 billion record hit in February, it still surpasses the $300 billion in March 2000 at the top of the tech-stock bubble. http://myprops.org/content/China-Bubble-is-Now-Official-According-to-State-Run-Papers/ Tue, 15 May 2007 04:46:08 GMT Yesterday, for the first time ever, China's benchmark, the Shanghai Composite index, climbed over 4,000. Not only that, but almost $50 billion worth of shares traded hands on China's two exchanges - one in Shanghai, the other in Shenzhen. That's more than all the rest of Asia combined, twice the level of Japan, and TEN TIMES trading volume just six months ago. http://myprops.org/content/Shanghai-Composite-Index-Tops-4000-Chinese-Bubble-Set-to-Pop/ Tue, 15 May 2007 04:15:39 GMT Any way you look at it, China's investing climate is looking downright scary. But is there a way to profit from the fear? http://myprops.org/content/When-will-China-bubble-pop/ Tue, 15 May 2007 04:11:00 GMT