China's Modern Economy 中国现代经济 meets TuTh 11:45-1:15 Huntley 230
After injecting billions of dollars into cities like London, New York, and Sydney, Chinese investors are looking at Dubai as a new alternative. The influx of money has the ability to reshape the financial crisis in Dubai, as investors see a phenomenal opportunity in Dubai real-estate. Chinese investors and developers weren’t very active before 2009,… Continue reading East Meets East: Chinese Investors Scramble Into Dubai
In the past, Audi’s sporty and good-looking cars have been the most popular among Chinese officials because of the perceived feeling of authority. But recently, many of the former Audi afficionados have made the switch to Volvo, a car brand typically known for its family friendliness and gas-efficiency. On Tuesday, President Xi Jinping and wife… Continue reading China’s Volvo Romance Rolls On
For the past nine years, financial government workers in Shanghai have essentially arbitrarily dictated what their country’s currency is worth that day in comparison to the USD. For most days, the staff for China’s Foreign Exchange Trade System assigned a value to the Renminbi that was stronger than the previous day. Because of this,… Continue reading In China, Shaking Up Currency’s Strength
Despite the fact that GM had been losing market share for nearly 50 years and finally collapsed in to government guided bankruptcy in the United States in 2009, the company had become a major player in the auto industry in China. This is quite interesting, considering the fact that China is considered one of the… Continue reading Good for GM, Good for China
Recently, China has experienced much financial risk in the form of defaults and bad loans. But record new credit in January will hopefully help the economy maintain its momentum. According to Bloomberg, aggregate financing, the broadest measure of credit, was 2.58 trillion yuan ($425 billion USD) and new local-currency lending was 1.32 trillion yuan –… Continue reading China Record Credit Growth Boosts Outlook for Economy
In 2008, the American embassy in Beijing attempted to publish information measuring the amount of smog, but was denied by China’s government. However, now China seems to be becoming more receptive to this idea, as the government is releasing data that was formerly kept secret. This is major news for Chinese environmental activists because now… Continue reading A Small Breath of Fresh Air
Some are preparing for a new global financial crisis due to the enormous “splurge” in Chinese lending and quality of lending in China’s shadow banking industry. This was prompted by two things: when a fund promoted by the Industrial and Commercial Bank of China almost defaulted, and the fact that China has lent around $15… Continue reading New Global Financial Crisis?
In recent years China has seen an increase in wealth management products. This has been a result of the country’s restrictive financial system that offers limited investment techniques for the growing population of wealthy Chinese. These new wealth management products have on average a yield that is two percent higher than what bank deposits offer.… Continue reading Big Chinese Internet Companies Are Competing Head-On Against Chinese Banks
Low manufacturing index ratings not only have adverse effects on jobs and export orders, but also on the non-manufacturing sector’s indices and investment products. A separate report released today showed deterioration, with the Purchasing Manufacturer’s Index (PMI) falling from 54.6 in December to 53.4 in January – or 1.2 percentage points. Also, the benchmark Shanghai… Continue reading Part 2: Implications of China’s Declining Manufacturing
To add to John Taylor’s prior post, output and export orders are shrinking in China according to numerous manufacturing gauges. The Purchasing Managers’ Index (SHCOMP), was at 50.5 as of February 1st 2014, down 0.5 percentage points from December 2013. In general, numbers above 50 signal expansion, so China’s manufacturing is declining relatively quickly. A… Continue reading Part 1: Implications of China’s Declining Manufacturing