For U.S. Brands, There’s No Middle in China’s Middle Class
In China, a trip to Starbucks (SBUX) isn’t just about grabbing a tall latte in a cardboard cup. Most American products are priced higher in China than in the U.S., which gives the Seattle company’s shops a patina of luxury and self-indulgence that they don’t have back home. Many Chinese consumers go to Starbucks with friends, family, [...]
Commodity ‘Super Cycle’ May Be Coming to End, Citigroup Says
The “super cycle” of gains across commodity prices may be coming to an end as raw material production rises in response to higher prices and as China’s dominance in demand recedes, according to Citigroup Inc. Commodity markets are reflecting “increased differentiation as a group,” the bank said in a report e-mailed today. While China’s demand [...]
China’s Stocks Rise as IMF Forecasts, Spain Boost Export Outlook
China’s stocks rose for the first time in three days as the International Monetary Fund’s higher forecasts for global economic growth and Spain’s debt sale bolstered the outlook for Chinese exports. Jiangxi Copper Co. led gains for commodity producers on optimism an improving world economy will boost demand for metals. CSR Corp., the nation’s biggest [...]
China now in firm control of U.S. debt markets
It is hilarious listening to the propagandists try to “spin” the events in bond and currency markets to make it sound like the U.S. government is still operating from a position of strength. While there are many Western, corporate-media outlets spouting such drivel, I’ll use the Financial Times as my example. “China stuck in dollar trap”, crows FT on May [...]