In today's emerging market best of the web, we look at
predictions of Chinese monetary easing, how the Chinese job market
is still extremely healthy, examine a South African mining
company's railroad plans, spotlight a Turkish food products
manufacturer, and what Brazilian ministers intend to do about the
country's slowing growth.
[caption id="attachment_58461" align="alignright" width="300"
caption="The Great Wall of China"]
China Daily reports some policy wonks anticipate changes in
Chinese monetary policy
After three years of tightening, experts are predicting Chinese
monetary policy for the emerging market will take steps to make
credit more freely available. Concerns over market liquidity lead
some to predict the reserve requirement ratio will be lowered in
the near term. Others think more targeted easing is appropriate by
lowering the lending rate and inducing market-based interest rate
reform. Consensus seems to be building that Chinese yuan (
) will soon be more freely available.
Chinese factories in Guangdong struggle to find laborers
according to Bloomberg
The job market in the Guangdong province shows no sign of
weakness as factories are still short 5-10% of needed workers and
technicians. Given the strong demand for work there is a question
as to whether the Chinese government needs to roll out a large
stimulus for its economy (
), keep it small, or just cut the interest rate and be done with
Infrastructure spending increase expected in Congo by South
African mining company Exxaro
South African mining company
) announced plans to improve rail lines running from its recently
acquired Myoko iron ore site to the Congo Atlantic coast. It is
unclear if the company will end the line in the established harbor
city of Pointe Noire or build new harbor facilities to the north in
smaller Indienne. Whatever the decision, Exxaro anticipates
starting production at Myoko in 2013.
Joe Parkinson discusses Yildiz Holding as the perfect
representative for the World Economic Forum themes in the
With Istanbul currently hosting the World Economic Forum, this
post explains why major Turkish food products manufacturer Yildiz
Holding's growth story represents one of the forum's primary
themes: "bridging transformations." Successful expansion into new
regions fueled by smart acquisitions and diversification has made
this emerging market company (and its eight publicly listed
subsidiaries) one of "Turkey's corporate success stories."
The Rio Times reports disappointing Brazilian economic
growth has led to ministerial meetings to discuss
Concerns the emerging market of Brazil (
) is falling behind other BRIC nations were heightened when the
most recent growth figures were announced. Previous growth has been
driven by middle class consumption aided by cheap credit.
Economists are calling for improvements in the country's industrial
capacity; including infrastructure improvements. President Dilma
Rousseff concurs in the belief that more infrastructure spending
"would lead to growth."