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Is This China's Scariest Chart?

UPDATE: It appears the exodus is beginning - China FDI -14% YoY (vs +0.8% exp.)As China's shift to a consumer economy progresses based on the urbanization of its agrarian 'poor' population, an odd thing is happening at the other end of the demographic wealth spectrum. As WSJ reports, nearly half of wealthy Chinese are planning to move to another [...] Read more ...

via Zerohedge
16 Sep 2014

Big Trouble in Hong Kong

A pro-democracy protester rests in Hong Kong, August 31, 2014.
A pro-democracy protester rests in Hong Kong, August 31, 2014.

When China announced last week that it would not permit open nominations for the post of Hong Kong chief executive in 2017, it marked a turning point in one of the most serious crises to affect the city since it was handed over by the United Kingdom in 1997 with a promise that it could retain its own way of life for 50 years. Read more ...

via Foreignaffairs
16 Sep 2014