Author Archives: SBX
Steel prices under pressure
Strong increase in steel inventory. Supply pressure increases and steel PMI index continues to decline.
downward pressure for steel prices deepens
Market price for steel products continues to decline.Downstream demand recovers more slowly then expected. Market prices at the end of the first month after the spring festival show weakness.
At the beginning of the month the funding pressure in the market increases, so currently downward pressure for steel price deepens.
Striking against both “tigers and flies”
Power, steel, cement suggest China’s economy not so buoyant
Six China shadow banks threatened with default over coal firm exposure: paper | Reuters
Second of #ThirtySixStratagems: Besiege Wei to save Zhao 围魏救赵 (圍魏救趙) – Wéiwèijiùzhào.
Mini strategy series @soerenbax: The #ThirtySixStratagems, a collection of ancient Chinese military thought and experience.
Characters of the second of Thirty-Six Stratagems: 围魏救赵 (圍魏救趙) – Wéiwèijiùzhào. 围, wéi: surround, enclose. 魏, wèi: Wei (family name). 救, jiù: save, rescue, help. 赵, zhào: Zhao (family name).
Meaning: Besiege Wei to save Zhao. Your friend and ally may besiege the home base of your opponent after his forces left to attack you. Thus finding and attacking the weak and exposed flank of your attacker. The opponent will fight on two fronts, which increases the chance of victory.
Business example: When a strong group (aggressor) is about to take over a weaker group (defender), then a third party may gain a good reputation by attacking the aggressor in apparent behalf of the defender. The third party may succeed to eventually take over both parties without the nasty side effects of outright aggression.