Tag Archives: Chinese economy

Retraining the displaced will be a major challenge for China’s government, as will preventing the major digital players from securing innovation-stifling monopolies. But the government’s readiness to embrace the emerging digital age, pursuing supportive policies and avoiding excessive regulation, has already placed the country at a significant advantage. Digitization also addresses the issue of the economic effect of China's aging population and the one-child policy's affect on replenishing...

During dinner, Kai-Fu lamented that 10 years ago, it would be fair to call Chinese companies copycats of American companies. Five years ago, the claim would be controversial. Today, however, Kai-Fu is clear that claim is entirely false.... SingularityHubChina Is an Entrepreneurial Hotbed That Cannot Be Ignored Peter Diamandis | Chairman and CEO of the X PRIZE Foundation

Giving "innovation" new meaning.EcnsHow smart are China's electric toilets? CGTNSee also'World's first cargo drone' shows off 'one-click landing' in ChinaAlsoA Chinese manufacturer's bittersweet bite of innovationAlsoFirm modifies violent mobile game to include socialist core values

Taking the long view with central planning. Achieving the lofty development goals China's leaders have set will not be easy. But with a clear development blueprint and a powerful leader whose political clout all but guarantees continued reform, the country seems to be in a strong position to sustain its unprecedented economic success in the coming decades.  Short article for addressing such a large undertaking, but it's comprehensive. The Chinese leadership knows where it wants to go. Now...

Keynote speech by Mr Zhou Xiaochuan, Governor of the People's Bank of China, at the 2017 Lujiazui Forum "Financial reform and steady development from a global perspective", Shanghai, 21 June 2017. Bank of International SettlementsZhou Xiaochuan: The opening-up of Chinese economy - from manufacturing industry to service industryKeynote speech by Mr Zhou Xiaochuan, Governor of the People's Bank of China, at the 2017 Lujiazui Forum "Financial reform and steady development from a global...

James Petras explains how China has a vision and is actualizing it, while the US is trying to maintain position. Beijing's strategy is based on economic policy. Washington's strategy is based on military policy.The analysis contains some interesting observations on the Chinese economy and where it is headed.James Petras WebsiteChina and the US: Rational Planning and ‘Lumpen’ CapitalismJames Petras | Professor (Emeritus) of Sociology at Binghamton University in Binghamton, New York and...

In order to understand China and how the world works, I am very lucky to have lived here during two very different time periods. It started 1990-1997. In the first book of The China Trilogy, 44 Days Backpacking in China, I called this period the Wild East Deng Xiaoping Buckaroo Days. It was intense, crazy and addictive at the same time. I commented that it was like a “Nat King Cole five-pack-day nicotine habit”. I knew it was bad for me, but I just couldn’t get enough of it. Then, after...

Important economic policy themes identified at this month’s 19thNational Congress of the Communist Party of China are largely amplifications of policies already announced in various forms.“Supply-side” reforms Deleveraging Belt and Road Initiative Asia TimesThree key economic policy themes sounded at China’s Party CongressDavid P. Goldman

CNBC cobbled together a video using reporting from Reuters, set to a somewhat ominous driving baseline, which began with the words “China’s economy may be in trouble.” The content of the video went on to imply that Zhou Xiaochuan said just that, in stark contrast to the confidence other Chinese leaders are espousing. In fact, Zhou’s words align with the central leadership’s consistent calls for efforts to reign in financial risks and continue to push for deleveraging. And the rising...

Hyman Minsky goes to China. China will fend off risks from excessive optimism that could lead to a "Minsky Moment", central bank governor Zhou Xiaochuan said on Thursday, adding that corporate debt levels are relatively high and household debt is rising too quickly. A Minsky Moment is a sudden collapse of asset prices after a long period of growth, sparked by debt or currency pressures. The theory is named after economist Hyman Minsky...."If there are too many pro-cyclical factors in the...