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Tag Archives: Chinese economy

In the Face of Lockdown, China’s E-Commerce Giants Deliver — Chengyi Lin

Lessons from Alibaba and JD.com. The difference between Jack Ma and Jeff Bezos.Harvard Business ReviewIn the Face of Lockdown, China’s E-Commerce Giants Deliver Chengyi Lin, affiliate professor in strategy at INSEAD in Fontainebleau, France Also at HBR Now is the time for major corporations to make good on their commitments. Coronavirus Is Putting Corporate Social Responsibility to the TestMark R. Kramer How AI, genomics, and automation are powering biotech breakthroughs....Deep Nishar,...

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Sputnik — China’s GDP Growth to Decline to 2.3% in Baseline Scenario in 2020 – World Bank

Forget about that crash the media was forecasting.SputnikChina's GDP Growth to Decline to 2.3% in Baseline Scenario in 2020 - World Bank also Bounceback? China on Tuesday said the official Purchasing Manager’s Index for March was 52.0, beating expectations for an economy hit by the coronavirus outbreak. Analysts polled by Reuters had expected the official PMI to come in at 45 for the month of March, from a record low of 35.7 a month earlier. CNBCChina says manufacturing activity...

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Behind the Headlines from China — Martin Armstrong

This is a direct communication from our staff in China. This is what I mean when I say we have boots on the ground around the world. We do not need to rely on newspapers or TV who love to spin these events. Our direct sources are confirming that life is returning to normal in China. This is not coming from any propaganda put out by the government or other accusations people love to make. I have stated plenty of times, I prefer facts – not speculation. I believe this will peak out also by...

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China to become first to realize UN goal of ‘no poverty’ — Harvey Dzodin

China is poised to realize a dream that a few decades ago most experts would have dismissed as wishful thinking. For centuries, China dreamed of building a "moderately prosperous society" in all respects. And this year, under the leadership of the Communist Party of China, China will realize that dream despite having a population of more than 1.3 billion. Late leader Deng Xiaoping resurrected this ancient but never-realized goal when reform and opening-up were launched. Chinese leaders who...

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McKinsey — Winning the race: China’s auto market shifts gears

There's a lot written lately about China's "collapsing" auto market as through the trade war were involved. The reality is that China started from zero and grew exponentially. Now that China has developed significantly, the pace of growth is falling off, as would be expected. Before long China is expected to approach the level of developed world where growth is based on population growth and replacement. The big news is consolidation. The Chinese auto market is consolidating as smaller...

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Zero Hedge — Alibaba Breaks ‘Singles Day’ Sales Record With $31 Billion Haul

Market strategists have repeatedly warned about the potential fallout from the collapse of retail sales in China, a trend that has already led to a recession in global auto sales, while Chinese factory output has also declined. But the economic doldrums facing the world's most populous country didn't stop Chinese consumers from posting a massive tab on Alibaba's Singles Day. In fact, according to CNBC, it was the largest haul in the 11-year history of Singles Day.... But with the trade war...

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MMT Heaven and MMT Hell for Chinese Investment and US Fiscal Spending — Michael Pettis

A reasonably accurate view of MMT applied to the Chinese economy. Michael Pettis sees little evidence that Chinese economists are aware of MMT, let alone using it to formulate policy. As for China, money or debt can no longer be used to fund infrastructure because the resulting increases (in money or debt) will not be matched by increases in real GDP. Beijing should, however, be able to create money or debt with no ill effects if the proceeds were used to reverse income inequality by...

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