This is clearly not what the government expected.
More Quotes from Dong Tao:
The austerity program ... slowed bank loans and undermined the cash flows of weak developers. However, it did not do much to halt domestic hot money, which appears to be returning in full swing.Dong Tao
This is a day for celebration. But tomorrow when Hong Kong wakes up, it will still face structural challenges.
Dong Tao
The biggest beneficiary of all this is the United States. Look, a Barbie doll costs 20 but China only gets about 35 cents of that.
Dong Tao
Within the investment data, government-sponsored infrastructure investment projects are in full swing. But the real story is the sharp rebound in the real-estate sector. The rise of property prices in second-tier cities has now evolved into a national event.
Dong Tao
The month-on-month numbers are just totally useless unless the seasonal factor has been applied.
Dong Tao
The Taiwan issue is miles ahead of any other agenda, as far as China is concerned. A reiteration of the one-China policy would be the minimum expectation from China. Any comments against the current movement would be considered a breakthrough.
Dong Tao
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