A case of Chinese bitcoin fraud

Fraud at this Chinese bitcoin exchange cost clients $4.1M. Here’s why the broader market barely noticed (via Pando Daily)

By Michael Carney On November 11, 2013Bitcoin has come a long way in the last year, but it’s still the wild west in terms of regulation and market stability. China, too, has come a long way economically in recent decades, but remains largely unregulated…

---

WSJ: Riding China's Expanding Subways

Riding China's Expanding Subways (via Wall Street Journal Digital Network)

China is building subway systems faster than anywhere else. James T. Areddy looks at how China's government regards the expensive infrastructure as an investment in smarter cities. Click here to subscribe to our channel: http://bit.ly/14Q81Xy Visit…

---

China's Reform Summit

China leaders start key economic 'reform' summit (via AFP)

China's ruling Communist Party began a key meeting Saturday to dictate the direction of the world's second-biggest economy for the next decade. The official Xinhua news agency said the gathering of the party Central Committee would discuss a draft document…

---

Shanghai Gold Exchange Sees Volumes Soar

Shanghai Gold Exchange Sees Volumes Jump 24% 


 "The strong physical demand in China is the main reason behind gold's resilience," a Beijing-based trader told Reuters.

China's "Hot Money"

Why is this chart important? Well, China may now be sitting on a inflationary macro cycle about to get out of control.

The Financial Times has reported that China’s central bank reported that companies and individuals sold Rmb 684 billion ($109 billion) worth of foreign exchange and bought an equivalent amount of Chinese currency in January 2013 --- a record for a single month.

China warns over currency wars

via Financial Times:

China warns over fresh currency tensions 

Competitive devaluations will hurt emerging nations, says Beijing

Capital markets suck, according to China billionaire

Capital markets suck, according to China billionaire