Tag Archives: Chinese economy

China will step up efforts to develop a group of state-owned enterprises (SOEs) with international dominance and influence, the chief of China's top SOE watchdog said Saturday. The goal includes having a group of leading SOEs that are dominant in international resources allocation, Xiao Yaqing, chairman of the State-owned Assets Supervision and Administration Commission, said at a forum on the reform and development of Chinese enterprises. China also aims to have a number of SOEs with...

Just days after Beijing officially launched Yuan-denominated crude oil futures (with a bang, as shown in the chart below, surpassing Brent trading volume) which are expected to quickly become the third global price benchmark along Brent and WTI, China took the next major step in the internationalization of the Yuan, challenging the Dollar's supremacy as global reserve currency, when on Thursday Reuters reported that China took the first steps to paying for crude oil imports in its own...

Good analysis excepting this: The plight of the US middle class has been framed as a blame game, with China and its alleged unfair trading practices singled out as the culprit. Yet the evidence points elsewhere: to a dramatic shortfall of domestic saving that leaves America dependent on surplus saving from abroad to fill the gap. The result is a multilateral trade deficit, with China and 101 other countries, required to provide the foreign capital needed for the balance of payments. Project...

PPP rather than GDP. Purchasing power parity calculations of GDP attempt to measure all the goods and services produced by a country with a common set of prices. This means we add up all the cars, tables, haircuts, knee surgeries etc. produced in both the U.S. and China, and assume that each item costs the same in both countries. According to the projections from the I.M.F. China's GDP is already 25 percent larger by this measure and will be almost 50 percent larger by the end of the...

Outline of China's goals.Ecns — China DailyChina's march towards a moderately well-off society Mitchell Omoruyi | Executive Director of the Center for Nigerian Studies at the Institute of African Studies, Zhejiang Normal University

China is planning to merge its banking and insurance regulators, and create a national markets supervision management bureau, in parliament documents released on Tuesday. It will also transfer some of the banking and insurance regulators' roles to the central bank, documents showed. Plans also include forming a powerful new competition regulator in a bid to ramp up oversight of mergers and acquisitions and price-fixing. CNBCChina plans new ministries and merger of regulators in massive...

In my view, the Chinese economy remains at a structural crossroads. The state and state enterprises continue to dominate the economy in investment, employment and production. That means that foreign capital, domestic private capital and market forces do not hold sway, even though they have been increasing in weight and power over the last 30 years.My view is controversial in Marxist circles. The vast majority of Marxist economists and ‘experts’ on Marx’s ‘theory of the state’ reckon that...

Market saturation. Asia TimesChinese phone market enters ‘zero growth’ stageOlivia Lin

China is set to name Liu He, a Harvard-trained economist who advises President Xi Jinping, as a vice premier overseeing the economy and financial sector, five sources familiar with the development said. Reuters Exclusive: China to name Harvard-trained Liu He as vice premier overseeing economy - sourcesKevin Yao, Benjamin Kang Lim

Global appetite for large-cap Chinese stocks was dampened by fears of a Chinese financial crisis. Now that China has shown that it can de-lever the financial system and maintain strong growth at the same time, investors are scrambling to add Chinese stocks to portfolios before the MSCI indices expand to include China later this year. With the HSCEI up 17.2% year to date, any global portfolio that did not include China would have underperformed.... Asia TimesH-shares soar as global investors...