China's Modern Economy 中国现代经济 meets TuTh 11:45-1:15 Huntley 230
Official data from Chinese Government shows that manufacturing expanded slightly in March. A final reading of the official purchasing managers’ index (PMI) was 50.3 in March, up from an eight-month low of 50.2 in February. In the PMI any reading above a 50 indicates expansion. However, a separate survey by HSBC and Markit saw a contraction… Continue reading Made in China
China Has just announced a $24 Billion dollar railway expansion. According to one Chinese Official, the new expansion will rival those of continental Europe. The expansion is set to add numerous new jobs and was designed to boost China’s GDP back up to 8%. Whether, this is accomplished or not remains to be seen, but… Continue reading Thomas the Cash Engine
Ford is driving into the big leads of car manufacturing in China. Last year their sales surged more than 50% and they are off to a great start in 2014. Two things have propelled the company’s surge: -Chinese customers began to shun Japanese cars in 2012 over a heated territorial dispute between Beijing and Tokyo… Continue reading FORDward Moving
China’s App market has absolutely exploded over the last year. Some App sectors are up almost 300%. This is good news for the Apple iphone which broke into the China market in 2009. Increased App use shows that the Chinese now see value in the concept of App’s, leading to an increased demand for App… Continue reading App Attack
Seeking a more prominent role on the world stage, China’s central bank has tirelessly promoted the Yuan as a tool for international trade and a future reserve currency. The U.S. has been the world reserve currency since the end of WWII. This factor has greatly protected the currency from outside negative market forces. However, recent… Continue reading Safe Money
China’s first deep-water natural gas field has started producing gas. This marks a milestone in China’s efforts to exploit more energy resources and to use cleaner burning fuel. The $6.5 billion, 1,450 meter deep water well began pumping on Monday an spokesperson for the oil rig and China said, “It was a massive undertaking and is… Continue reading Deep Oil
LinkedIn launched a Chinese language version of their site on Tuesday. The website will be in simplified Chinese characters and aims to corner the market in the country. They seek to gain 140 million new members, about 50% of their current user base, and hope to spread their service across the country. Many companies have… Continue reading Gaining Ground or Losing Freedom
The note says: How many prophets have warned Humanity knows great decay Retreat from the ranks and levels of the Chinese Communist Party And wait for the moment till the Great Law will guard peace. The message was stamped onto a 10-Yuan bill and in China it makes the note practically worthless. The message comes… Continue reading Running Scared
According to the front-page story of The Economist this week, “China loses its allure,” China is losing its appeal. In the early 1980s, the then leader of China, Deng Xiaoping, welcomed foreign firms with open arms. The incentives for going to China were irresistible and for the last 30 years this factor has made China… Continue reading The Times They Are a-Changin’
China is the big new player on the global economic scene. They are now on track to pass America as the leading economy in 20 years, but how have they been able to have such growth? One answer lies in Real estate. Over the last few years, construction has accounted for 13% of the country’s… Continue reading The Ghost Cities of China