Hot Money Turns Cold On Yuan: Investors and companies are increasingly pulling money out of China and its currency in a vote of concern over its growth prospects, a development that could hinder Beijing’s efforts to spark a turnaround. (Free)Nationalist Groups in Japan Gain Clout: Nationalist politicians and activists are wielding new clout in Japan, straining the country’s ties with China and South Korea, and creating headaches for policy makers in Tokyo. (Subscriber Content)
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Tokyo Metropolitan Governor Shintaro Ishihara is the face of Japanese nationalism.
Sinopec Weighs Stake in Texas Power Project: A Chinese group that includes major oil company Sinopec is in advanced talks to put up to $1 billion in a Texas clean-energy project. (Subscriber Content)
Chinese Dairies Consider Closer Ties: China Mengniu Dairy, whose baby formula was among those found to be contaminated in the 2008 tainted-milk scandal, is in talks to buy a stake in China Modern Daily Holdings. (Subscriber Content)
Weak Land Sales in China Pinch Local Governments: China’s property market has begun to show signs of a modest rebound, but property developers’ skittishness at land auctions shows lingering strains from Beijing’s campaign to bring down property prices.
[source: WSJ]
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