Roach says bank reserve requirements and rises in interest rates, combined with Beijing's recent "administrative edicts" to rein in investments, will throwcoldwateron the "China mania" gripping investors who blithely assume 11% growth every year.
It is not a surprise that Apple CEO Tim Cook paid a visit to China Mobile, but a statement from China Mobile appears to throwcoldwateron any immediate decision for China Mobile to carry iPhone.