That capital-intensive buildup is a short-term drain on cash, but it reflects strong orders that later convert to sales and profit.
Still, many analysts continued to caution that the upturn may not last into next year, given that the leadership in Beijing will have to step up its efforts to combat issues — like overcapacity in some major industries, often poor allocation of capital, and a buildup in debt over the last few years — that haunt China's economy.
For British banks, a continued buildup of capital and liquidity buffers remains essential, the fund said.
There were few signs in the capital of a military buildup, except a few extra guards at some embassies and government buildings.
At that point, to minimize revenue loss, the Treasury would start collecting tax on a buildup of capital gains that it now disregards -- the amount by which a stock, for example, has appreciated before an heir receives it.
Another benefit to investors: Because these funds are new, there's no long-term buildup of capital gains which can hit investors with tax consequences on gains before they've invested in a mutual fund.
Yesterday's excitement in the telecom equipment sector turned sour today, as Nortel Networks brings industry concerns of a capital spending and inventory buildup back to stocks with a warning for fiscal 2001.
The largest banks, combined, could have a $155 billion buffer to absorb the losses and the banks' buildup in capital would help them withstand potential legal costs, S&P said.
Irma's work on Korea, as well as on other countries, has shown that increasing equality and the buildup of human capital among the poor can be a key feature that can lead to economic growth with equity.
