China Banks Tightening Standards for Loans To Property Sector (iMarketNews)
Shanghai equities at lowest since Oct (People's Daily Online)
Economic fears pull US copper futures below $3/lb (Reuters India)
China curbs companies’ capital raising (FT.com)
Tightening fears give rise to China 'buy' opportunities (FT.com)
Chinese Tightening Unlikely to Cause Copper Collapse (WSJ.com)
Chinese mortgage rates rise as loan clampdown bites (Reuters)
There are also geopolitical tensions going on between China the US about Obama's Dalai Lama visit, internet censorship, Yuan pressure, trade and arms sales to Taiwan. So interesting times folks. Jim Chanos correctly shorted Moody's while Buffett was buying in May 2007. Today he is taking the other side of "BofA Merrill Lynch, CLSA Ltd., Morgan Stanley and Macquarie Group Ltd." who believe that "Chinese equities may soon rebound." (BusinessWeek, 2/3/2010).
$SSEC, Shanghai Stock Exchange Composite (Courtesy of Stockcharts.com)
Jim Chanos will be on Squawk Box tomorrow morning (Feb 4).