There is, he notes, legitimate trade where goods go from one part of China to another through Hong Kong.

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An even bigger concern is how the debt-ridden railways ministry will secure more funding with bonds from the finance ministry, China Daily notes.

BBC: China media: Railways ministry

He also notes China is in the process of shifting emphasis from purchasing vast hordes of resources like ore and oil to targeting companies (or parts of companies) and technology that will form the groundwork for building reputable Chinese brands.

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But as Francisco Blanch of Merrill Lynch notes, most of the incremental demand for oil comes from China, India and the Middle East, where the prices of petrol and diesel are subsidised or capped, leaving drivers with little incentive to cut back.

ECONOMIST: The oil price should fall��eventually

The CSRC, as Daniel Ren of the South China Morning Post notes, cannot prevent new issues from coming to market forever.

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Critical to the stainless steel industry, nickel is seeing strong demand from China and the U.S. MacMillan notes that this demand is in part due to America's shortage of stainless steel scrap.

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If they're spending this much money on domestic stimulus, does that mean, by extension, that there would be less money from China to buy up, say, U.S. Treasury notes?

NPR: Chinese Stimulus May Affect Commodity Prices

He notes that the number of 3G subscribers in China reached 176 million in the June quarter, up 27% sequentially from Q1.

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