Yum! Brands is raising KFC prices across its 2,500 Chinese restaurants as costs rise for raw material, labor, water and electricity. Other fast food retailers, like McDonald's, have done the same, according to China Daily.
China continues to make environmental improvement an important part of how officials are judged at the provincial level (Shanghai Daily).
The Economic Observer Online reports:
On March 18, an urgent investor strategy report was rushed to clients of one Chinese securities sompany. China's A-share market had entered its twelfth straight week of decline, instilling many investors with fear and panic. The report did not offer consolation.
Huaqiu, an alias for an investor that received the report through a third party, was startled at how radically different its contents were from a concurrent public announcement made by the firm which said that falling stocks would soon bottom out. According to Huaqiu, the privately distributed report was much more pessimistic.
and
Sources from People's Insurance Company of China Group (PICC) said that if the government did not lend a hand, the market would continue to decline, and that if the large caps fell below 3,000 points, it could jeopardize the social stability.
We can see some interesting bubble comparisons being made over at Maoxian, and how a bursting bubble might look.
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