We usually dedicate our coverage of Chinese news coverage to China Daily, which tends to have the most excitingly daffy and/or in-your-face-propaganda titles we’ve come across. But perhaps we just don’t look enough at official CCP mouthpiece Xinhua; today’s find was quite a doozy.
The article is a follow up to yesterday’s announcements that China would be limiting foreign investment into “polluting and energy-intensive” projects while purportedly encouraging investment in other areas. This is nothing new, they’ve been limiting and encouraging foreign money in different parts of the economy since they opened their doors.
But with the recent spate of bad publicity – you know, the Big G pulling out and possibly that whole Rio Tinto closed-door bribery trial debacle – it seems like Xinhua felt the need to make a grander point.
Granted, I’m not equipped to comment on the actual investing market in China, having done so little of it myself. Maybe it might in fact, for all of you, be “heaven”?