China overspending on foreign investments, IMF reports

China abroad | China at home
 

China abroad

China Daily
-- Investment in US hits record level for Chinese Chinese companies concluded deals worth $6.5 billion in 2012, an increase of 12 percent from the record $5.8 billion in 2010, according to a new report by New York-based Rhodium Group, which tracks Chinese FDI.

Michael Pettis
-- China Financial Markets The IMF’s Il Houng Lee, Murtaza Syed, and Liu Xueyan have published a very interesting and widely noticed study called “Is China Over-Investing and Does it Matter?” In it they argue that there is strong evidence that China is overinvesting significantly.

New York Times
-- Laos Could Bear Cost of Chinese Railroad Even though the project has run into some serious objections from international development organizations, most experts expect it to go ahead anyway. That is because China considers it vital to its strategy of pulling Southeast Asia closely into its orbit and providing Beijing with another route to transport oil from the Middle East. 

Phnom Penh Post
-- China to invest $9.6b in Cambodia The Cambodia Iron & Steel Mining Industry Group (CISMIG) and the China Railway Group Limited agreed yesterday to build a new railway line with 11 stations as well as an iron and steel factory in Preah Vihear province.

Sina English
-- China, Australia mulling joint military exercises Australia and China are planning joint military exercises which may also include the United States as the nations work to ensure stability in the region, Australian defense chief David Hurley said.

Tea Leaf Nation
-- Chinese Web Users Watch the “Hollywood Drama” of Fiscal Cliff Negotiations Like any “rotten” performance, the fiscal cliff showdown seemed to Weibo users to lack suspense, with its resolution “just a matter of time.” @司徒柳桂 wrote, “It was always going to pass; the Americans always play out Hollywood plots where the lead is saved at the very last second.”

ZeroHedge
-- Chinese Think Tank: "Conflict With Japan Inevitable" As the Chinese Academy of Social Sciences recently noted,all eyes are fixed on Abe as "Japan’s nationalization of the Diaoyu Islands destroyed the framework for keeping a balance, which means ‘shelving a conflict'," a Chinese diplomatic source said, adding that "China has no political methods to return the situation to the (pre-nationalization) state.

China at home

Global Voices Online
-- China's Top 10 Protesters Listed by Tencent News Although the piece was soon censored on the Tencent News website, the introductory summary went viral on Chinese social media and blogosphere. As soon as a netizen Qian Hao shared [zh] the original piece on Weibo on January 1, 2013, it gathered over 4,653 reposts and 500 comments within a few hours.

Guardian
-- Now China's new leaders will have to work hard How they deal with future economic challenges and the Tibet crisis will test whether the claim to wise meritocracy is credible

International Herald Tribune
-- Is China Retaliating Against Western Journalists? Beijing’s failure to provide Mr. Buckley a visa in time for the year-end deadline raised worries that the Chinese authorities were continuing a cold war against news organizations that had published reports that displeased Community Party leaders.

Justrecently's Weblog
-- Quality Assurance: How to Cover China? Those who complain that most media send correspondents without great Chinese language skills to China should think again: does it make sense to send correspondents to China who invested heavily into their China-related skills? It may occasionally make sense, but not as a rule.