The groundwork has been layed for Chinese investors to invest in US equities, but given how long it has taken to implement a similar agreement with Hong Kong we don't expect to see any tangible results anytime soon.

China's stock market has been on a roller coaster ride for the past year so it is no suprise to find conflicting views on the sophistication or otherwise of Chinese investors. China Hearsay comes down hard on the unsophisticated side, citing a Shanghai Daily article, while China Success Stories has the back of the much maligned breed of speculators.

Wenran Jiang, a Canada-based professor of political science, reckons a strong yuan could be China's savior.

Meanwhile, CN Reviews has more links and notes on the yuan's rise and the emergence of a new Asian reserve currency centered on the RMB.
 
China Economics blog, has the abstracts of three academic research papers exploring China's transition. They make for very interesting reading.

Finally, who says China can't design their own automobiles. Check this truck out.