Tag Archives: Chinese economy

Finally figuring it out. The net debt of the non-financial components of the Shenzhen 300 Index is heavily concentrated in a dozen or so companies, all of which contribute to basic energy or transport infrastructure. A full 10% of the net debt of non-industrial SHSZ300 companies is owed by Petrochina alone. This suggests that a great deal of Chinese corporate indebtedness should be viewed as “public works” investment by the Chinese sovereign. There certainly are aspects of the increase...

Overall, the prognosis for Xi Jinping and his successors being able to deliver on the monumental promises made in today’s speech, seem surprisingly doable. China has shown the world that it can make the difficult happen with speeds that shock many sceptics and with an exactitude that confounds students or previous rising economic giants. In this sense, it is not at all beyond the scope of reality that a 3.5 hour speech, may shape the next 100 years of Chinese and world history. Marx and...

Zhou Xiaochuan, President of the People’s Bank of China, said that the nation will continue to implement a proactive fiscal policy and a prudent monetary policy, and continue to fight shadow banking, the real estate bubble and other risks, China Securities Journal reported.“China’s price level has remained stable, the foreign exchange market has ran smoothly and cross-border capital flows were balanced,” Zhou said. “China will further expand the financial industry, actively use new...

Milestones Chinese e-commerce giant Alibaba surpassed its U.S. counterpart Amazon as the world's biggest e-commerce company Tuesday as the Hangzhou-based company reached the threshold of 470 billion U.S. dollars in market value.… Alibaba's net profit jumped 96 percent to more than 2.1 billion dollars year-on-year in the first fiscal quarter ending June, beating market expectations. Moreover, the number of active buyers on Alibaba's retail platform climbed to 466 million, accounting for...

Absolutely must-read! Economic planning and societal control: The digital transformation is changing the rules of the game in the global systemic competition. China's determined pursuit of a "digital Leninism" presents a major challenge to liberal market economies and democratic political systems. MERICS — Mercator Institute for China Studies Big Data reshapes China's approach to governance Sebastian Heilmann ht Ryan in the comments Sebastian Heilmann is the founding president of the...

China is a prime candidate to be the site of the next financial crisis. Speculation in real estate and the stock market has been a favoured activity among people who feel they are getting very little interest from their savings in the banks owing to the policy of limiting interest to depositors in order to subsidize the influential export-oriented manufacturing lobby. The Shanghai stock market lost 40 per cent of its value in 2015, bankrupting many investors. That event led many to shift to...

Here come the Chinese. Hundreds of thousands of overseas shops in countries all over the world now support Alipay payment in hope of attracting Chinese tourists during the upcoming eight-day national holiday. Sixteen international airports have real-time QR code-scanning tax refund services for Chinese Alipay users, two in the Republic of Korea, and 14 in Europe, according to Ant Financial, the parent company of Alipay. "The holiday is not just a festival for Chinese, but for us as...

Caterpillar is a major indicator. "We see stable growth for the Chinese economy in the next two to three years. We are optimistic about that," said Chen Qihua, vice president of Caterpillar Inc. and chairman of Caterpillar China. "We also expect steady growth for our industry -- no huge growth, but sustainable growth."After a nearly five-years downturn, China's excavator industry has been picking up since the second half of last year.... Ecns.cnCaterpillar upbeat on China's economy,...

Interesting article by a American economist on the Chinese economy, showing how most US economists misread events there. Goldman is on the side of the US maintaining hegemony but his analysis shows how and why this is just wishful thinking if the current trend persists, and there is not much the US can do about it without confronting the Thyudicides trap.Asia TimesWestern contempt for China turns to panic Spengler (David P. Goldman) Poking sticks into the dragon's liar is a dumb move...

Dual-use technology development. The report suggests the scientists will be working on the development of "quantum metrology," a process which could help improve submarine's stealth operations.… The South China Morning Post is also reporting the facility in Hefei will be used to develop a quantum computer capable of decoding encrypted messages within seconds.... China.org.cnLargest quantum facility to equip stealth submarines China Plus