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Your Editor, Rich Kuslan
Rich Kuslan is an attorney, writer, presenter, intereviewer. A mandarin speaker with native fluency (and a strong Taiwanese accent, by choice), he brings to AsiaBizBlog a deep-seated interest of 30 years and (he hopes) penetrating insight into Chinese life, ideas and history. Once fluent (now quite rusty) in Japanese, he once lived and worked in Tokyo and Osaka, in addition to tours of China and Taiwan, beginning in the early 1980s. A more extensive profile may be found here.-
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Monthly Archives: October 2008
Video Event: Robert Adanto’s “The Rising Tide” — Chinese Video Artists
We take a detour today with a clip from Robert Adanto’s, “The Rising Tide, a New Documentary on Chinese Contemporary Art.” Many thanks to Robert for his kind permission, enabling us to post this clip on Asiabizblog. Get the Flash … Continue reading
More Reports of Chinese Factories Shutting Their Doors
As we’ve noted in the past, sporadic reports of factory closings in China seem to be tied to a downturn in orders from Western nations, as summed up in this USA Today article. More than half of all China’s toy … Continue reading
Posted in Imports and Exports
1 Comment
Audio Event: an Interview with China Law Scholar and Practitioner, Stanley Lubman
Asiabizblog kicks off a new season of podcasts with an interview of Stanley Lubman, China law scholar and practitioner. Mr. Lubman has, over 40 years, been witness to and participant in China’s veritable earthquake of changes. Whether as student of … Continue reading
CITIC Pacific’s Great Big Bet (Bath) — Who Else Is Next? China Railway!
Details have emerged in the CITIC Pacific forex scandal: Citic Pacific Ltd.’s attempt to manage currency risk means the Chinese steelmaker and property developer has four times more money riding on the Australian dollar than it earned last year. The … Continue reading
Posted in Banking and Finance, Foreign Exchange, Investment, Scandals
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China’s Economic Growth 9% in Third Quarter And Dropping
Statistics compiled by the Chinese state are unverifiable and unreliable, but Western company representatives seem to agree that the bloom is still there, but wilting somewhat. Indeed, the Chinese economy has slowed drastically, even before the American melt-down. Expect more … Continue reading
Posted in Imports and Exports, Investment
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CITIC Pacific Loses $1.89 Billion in Bad Betting on Currency
CITIC Pacific, whose parent company recently offered to raise its equity stake in Morgan Stanley to 49% from 10%, has announced the loss of US$1.89 billion (and possibly $2 billion) in currency trading. Trading of the shares was suspended for … Continue reading
Posted in Uncategorized
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Impact of the Credit Freeze on International Shipments — Where’s the L/C?
Bloomberg reports that the credit freeze is expected to reduce the number of international shipments banks commonly guarantee: “Letters of credit and the credit lines for trade currently are frozen,” Khalid Hashim, managing director of Precious Shipping, Thailand’s second-largest shipping … Continue reading
Posted in Banking and Finance, Imports and Exports, Management
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Alabama Company Cuts Production in China, Brings Work Back Home
In the past six months, production in China has, for some foreign manufacturers, become too expensive. At present, I don’t hear this as any more than a minor rumbling, but it could be, possibly, a precursor to a trend. A … Continue reading
Posted in Imports and Exports
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Another Attorney Scam — India, China, Japan, This One’s Got It All
As we in the U.S. find ourselves inching ever closer to the nationalization of private banks — despite Treasury denials — let’s take a break in the turmoil for some humor and at least an instance of successful self-preservation. Here … Continue reading
Posted in Banking and Finance, Legal, Scandals
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More Chinese-Style Financial Steps Planned for American Banking System?
The Fed has discussed a plan to take ownership stakes in American banks, even healthy ones “It is the policy of the federal government to use all resources at its disposal to make our financial system stronger,” Paulson said. “We … Continue reading
Posted in Banking and Finance
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