Tag Archives: Chinese economy

George Magnus, the brunt of the post, is an ideologue. This would not be worth posting if it were not also the Western consensus view that missed the mark on China all along owing to assumptions that are wide of the mark — wrong model. Fort Russ NewsNo, Xi’s China Is Not In Jeopardy! How Western Press Gets It All Wrong Dennis Etler

The vast majority of economists believe that the Fed's asset holdings keep down U.S. interest rates. It is inconsistent to believe that the Fed's holdings of U.S. assets keep down interest rates here, but China's holding of foreign assets does not keep down the value of its currency. Beat the PressDoes China's 2.5 Percent Inflation Rate Really Explain the Decline in the Value of Its Currency Against the Dollar?Dean Baker | Co-director of the Center for Economic and Policy Research in...

I was in China October 20-28, throughout which I experienced and carefully observed China first hand. Here is a summary: China is doing very well, as usual, and the trade war between the U.S. and China has zero effect on average Chinese citizens, so far. Specifically, let me highlight four points:The opening of the HK-Zhuhai-Macau Bridge. China's Import Expo. Japanese PM Abe visited China. China in the large. econintersect.comWhat is really going on in China? Frank Li | Chinese ex-pat,...

China's leaders have long known that the economy has outgrown the world market, and is desperately in need of rebalancing. But, thanks to Donald Trump’s trade war, they are now pursuing that goal with a new sense of urgency, suggesting that US pressure may well end up being a blessing in disguise for China. Project SyndicateHow Trump Is Helping ChinaYu Yongding | formerly president of the China Society of World Economics and director of the Institute of World Economics and Politics at the...

One thing that interests me in the reports is a particular (very wonkish) detail. For the US and most other countries, the quarter’s GDP is routinely reported relative to the preceding quarter, not relative to four quarters ago. Why do the media and markets routinely focus on the 1-quarter growth rate for the US but focus on the 4-quarter growth rate for China? It is not because China’s National Bureau of Statistics fails to make the 1-quarter change available. It’s there in footnote 2 of...

Translation: The US needs to quit playing the victim when it is actually the perp.EcnsThe five fallacies in Pence's China speech Xinhua See also Reuters U.S. draws China FX into trade dispute as IMF calls for resolution Also Zero Hedge The Perfect Storm Bringing China And Russia Together Vanand Meliksetian via Oilprice.com Also Reuters U.S. security adviser Bolton vows tougher approach to China Also Valdai Club Eurasia’s Great Projects: Assets and Liabilities...

Unheard of a couple of decades ago. The Chinese middle class is rising. EcnsDogs and cats have a 'pet economy' of their own China Daily Anyone for a White Rabbit? China's massive snacks industry goes ballistic China Daily Demand for upscale gyms looking healthy Xinhua Perceptions of Chinese high-tech companies changing: Skype co-founder Xinhua RelatedNEOChina’s Uyghur Problem: The Recruitment of Uyghur Muslims to Join Al Qaeda F. William Engdahl

China's state-owned enterprises (SOEs) administrated by central authorities saw their profit surge in the first seven months this year, according to the state asset regulator.  China now has 96 central SOEs, down from 196 in 2003, as the central government has restructured central SOEs to improve their efficiency and competitiveness. From January to July, the 96 companies posted a total profit of 1.05 trillion yuan (about 152.8 billion U.S. dollars), up 23.9 percent year on year,...

Is Beijing aware of the trap being set? It would be crazy to follow through with liberalization of the financial sector, inviting Western takeover.Defend Democracy PressIs China still willing to open its financial sector during trade war? Frank TangSee also “We at the Trump administration have updated our China policy to bring the concept of competition to the forefront. It’s right there at the top of the president’s national security strategy.” Revealing. US tells China: we want...

With the Western permabears anticipating yet another immanent implosion of the Chinese economy, the state media is reporting a healthy consolidation based on increasing self-sufficiency and new partners. China has been in a transition from investment and export-fueled development growth model to one that draws strength from innovation, consumption and service sector. "The new drivers have played a key role in sustaining growth, adjusting the economic structure and expanding employment,"...