Tag Archives: Chinese economy

China is an old civilization and has been passing through various ups and downs throughout history. Which is very much rational and the natural cycle of human history. There was a time when Romans were at the peak, but today they stand nowhere, British and French colonialized half of the world, but today squeezed to a small state only. Ottoman Empire in Turkey was in control of parts of Asia, Africa, and Europe, but today is a small developing nation. Every peak has to pass through fall, it...

Costco Wholesale Corp.’s first outlet in China opened on Tuesday and was soon overrun with customers willing to fight over discounted products and wait hours to pay for their purchases. The American retail giant had to suspend operations in its Shanghai store in the afternoon citing “heavy traffic and customer flows”, according to a text message sent by the company to consumers holding its membership card. The message was shared on Weibo, China’s micro-blogging website. The frenzy at...

China tops the U.S. in number of companies on Fortune's Global 500 list published on Monday with 129 companies listed, exceeding the U.S., which had 121 companies listed, for the first time since the debut of the list in 1990, and becoming the first country to defeat the U.S. since WWII.  The overall turnover of the top 500 firms reached 32.7 trillion U.S. dollars, 8.9 percent higher over a year earlier. Up 14.5 percent year on year, the gross profit hit a record high at 2.15 trillion U.S....

China’s economy grew by 6.2 per cent in the second quarter of 2019, the lowest figure since records began in March 1992, but other data for June better than expected While this falls within Beijing’s GDP target for the year of between 6 to 6.5 per cent, it also shows the pressure the economy is under with the US trade war ongoing More wishful thinking. The Western media give the impression that the China economy is in decline when it's still sizzling growth moderated slightly and one...

Backgrounder. China is much different from the USSR, and the later should not be used as a measure. While the developed countries have largely flatlined, with GDP tracking population growth, China still has a lot of room to grow even though its population has stabilized.Conversable EconomistChina's Changing Relationship with the World EconomyTimothy Taylor | Managing editor of the Journal of Economic Perspectives, based at Macalester College in St. Paul, Minnesota

Chinese public companies are borrowing from the private sector, while private sector business is borrrowing abroad in foreign currencies. What are they thinking over there? Asia TimesWhat bond markets tell us on China’s economy Alicia García Herrero

But the trip would probably be more interesting for another species of traveler: the economics tourist. You might not see a lot of postcard-worthy views, but you will learn something about the structure of the Chinese economy. Andrew Batson's BlogWhat you can see from the high speed train to Beijing Andrew Batson

Speech by Mr Guo Shuqing, Party Secretary and Deputy Governor of the People's Bank of China, at the Tsinghua PBCSF Global Finance Forum, Beijing, 25 May 2019. BISGuo Shuqing: Rejuvenation of China is unstoppableAlsoGuo Shuqing: Opening remarks - 11th Lujiazui Forum

Tim Cook's worst nightmare. But not just Apple. American products used to cool. Now, the coolness factor is disappearing.China had already completed its export-dependent phase of the economic plan, and was already embarking on increasing consumption-share of GDP. This just hastens the transition as the government is forced to increase domestic demand through stimulus to maintain employment.Zero HedgeiPhones Are Now "Embarrassing" In China As Trade War DeepensTyler Durden

Beijing’s activity in world affairs has been steadily increasing since the global financial and economic crisis of 2008-2009. There is no doubt that China, which has substantially increased its economic and financial strength, has set off on a path of sustainable growth to play a key role in global economic governance; it is improving its leadership potential on the world stage and gradually building a China-centric system of international rules, norms and institutions. Processing its...