Tag Archives: Chinese economy

Beginning to figure out how China works and why Western expectations have been consistently wrong about China' stability and resilience. The post addresses much more than property rights.More evidence that the Chinese leadership groks the basics of MMT?Grasping RealityThis is, I think, both right and wrong. China has an... interesting property-rights system—your property is secure not ...Brad DeLong | Professor of Economics, UCAL Berkeley

Cutting out the middleman without using blockchain currency.TruthDig!Banks Are Becoming Obsolete in China—Could the U.S. Be Next? Ellen Brown

Interesting article, that also suggests that Elinor (Lin) Ostrom was likely correct about the commons. See also tragedy of the commons.  A better title would have been "This Chinese village has re-embraced collectivization." Villagers concluded that they had better results in certain respects under Maoism than Dengism, although they have combined the two approaches in addressing their contemporary opportunities and challenges, which have been emergent as China developed rapidly. World...

Basic macroeconomic theory says that a negative shock to GDP, caused for example by falling exports, can be completely offset by a monetary and fiscal stimulus. China is a good example of that idea in action. What about all the naysayers who predicted financial disaster if this was done? Well there was a mini-crisis in China half a dozen years later, but it is hard to connect it back to stimulus spending and it had little impact on Chinese growth. What about the huge burden on future...

A few years ago, China overtook the U.S. and other innovative countries in terms of patent applications. More recently, it also became the leader in patent grants. But does this mean China is now the world leader in innovation? A recent Economic Synopsesessay explores this idea.... Short and informative.FBRSL — On the EconomyHow Innovative Is China?

JD.com, the third-largest tech company in the world behind Amazon and Google's parent company Alphabet, is focusing on hundreds of isolated villages in rural China as it has hired 85,000 delivery personnel, and focusing on locals to do its bidding in ramping up online shopping, a relatively new concept for the region, according to The New Yorker's Jiayang Fan. Bold. AxiosWhat we're reading: JD.com is leapfrogging rural China into online shopping Marisa Fernandez

Frank Li is a Chinese ex-pat that settled in America after receiving a PhD in the US. He is an electrical engineer and entrepreneur.His take is informed from both the Chinese and American (Western) points of view and he offers a reasonably objective analysis in comparison to the largely one-sided and ill-informed one that one generally encounters in the West. His work covers the social, political and economic spectrum but this one focuses on economics. The dramatic rise of China over the...

In the last few decades, China has made huge progress in science and technology. This new age of innovation has seen the birth of ‘unicorn’ tech companies like media giant Tencent, the ‘Uber of China’ Didi Chuxing, and the world’s biggest drone builder, DJI.Now, for the first time, China has broken into the top 20 of a global list of the most innovative economies.The latest Global Innovation Index singles out China for its rapid transformation into an innovation powerhouse. It has risen...

Indeed, the real issue ahead is the battle for trade and investment globally between China and the US. The US is out to curb and control China’s ability to expand domestically and globally as an economic power. At the workshop, Jude Woodward, author of The US vs China: Asia’s new cold war?, outlined the desperate measures that the US is taking to try to isolate China, block its economic progress and surround it militarily. But this policy is failing. Trump may have launched his tariff...

Every five weeks, 9,500 brand new electric buses take to the roads in China.That’s the equivalent of the entire London bus fleet, says a new report by Bloomberg New Energy Finance.The world has around 3 million buses. Most run on diesel and compressed natural gas. The global fleet of electric buses now totals around 385,000 vehicles - and 99% of those are in China. Winning.World Economic ForumChina is adding a London-sized electric bus fleet every five weeks Alex Gray