China's Modern Economy 中国现代经济 meets TuTh 11:45-1:15 Huntley 230
There was tension this year at China’s annual Parliament meeting as accusations arose over the alleged participation of ‘fake’ foreign reporters in a Q&A session after the meeting. In the past, there have been concerns over journalists who have been incentivized in some way, shape, or form to ask pre-approved questions to top Chinese policymakers,… Continue reading ‘Fake’ Foreign Reporters at China’s Parliament?
China has been harshly critical of nearby Malaysia over its handling of the downed Malaysian Airlines flight 370. Chinese citizens even went as far as to stage a heated protest outside of the Malaysian embassy in Beijing. A number of Chinese citizens died in the crash, so feelings of remorse and even anger may be… Continue reading China Making No Friends Over Crashed Malaysian Flight
Presently, it is not a controversial statement to say that China will surpass the United States as the world’s most powerful and largest economy. However, many feel that this power shift will occur far in the future, and is therefore not an issue that needs to be addressed immediately. James Bullard, the Federal Reserve Board of St.… Continue reading China’s Economic Dominance: Sooner Than Expected?
The colossal internet firm Alibaba is preparing for an IPO in the US soon. They are expecting to raise up to $15 billion in this initial offering. However, recently firms such as Alibaba and Tencent have been butting heads with a number of the state-run banks within China. Naturally, due to the banks’ government ties,… Continue reading Tension Between Alibaba and State Banks
According to the Wall Street Journal, China’s economic growth is slowing down. Perhaps they will not be reaching their growth rate goal of 7.5% after all, or, at least, not without some degree of state intervention. Officials say that the central government would prefer to let market forces bring about the desired continuance of growth… Continue reading China’s Growth Slowing, Will Gov Step In?
The Chinese company Tencent has recently grown to an even more staggering size. The social media and gaming giant has eclipsed the American tech behemoths Intel, Cisco Systems, and Hewlett-Packard in size. It’s market cap has reached a staggering $150+ billion dollars, and is getting close to overtaking even AT&T at $169 billion. According to… Continue reading Enormous Tencent Only Getting Bigger
The National People’s Congress of China will meet in Beijing on Wednesday at The Great Hall of the People for their annual gathering of China’s national legislature. According to Carlos Tejada, this meeting is typically not an especially exciting event in terms of surprising new legislature being proposed or unexpected voting results. All of the… Continue reading Annual Meeting of National People’s Congress Wednesday
Michelle Obama will be traveling to China this month along with her daughters Sasha and Malia and her mother Marion Robinson. From March 19-26 the group will visit Beijing, Chengdu, and Xi’an and the First Lady will speak at two high schools and a university. The purpose of the trip will be to encourage the… Continue reading First Lady To Promote Education In China
A new strain of avian influenza has been documented in China. It has already resulted in one death (an elderly woman this past december) and another confirmed infection was observed in January. If we see an outbreak of this new strain, it will we be interesting to see if there is any economic impact. Perhaps… Continue reading New Bird Flu Strain In China
Each year, when the Chinese Lunar New Year holiday rolls around, countless Chinese citizens engage in the established practice of giving cash gifts to a large number of relatives and friends. A 64 year old retired school administrator, interviewed by the Wall Street Journal, said “she expects to give between 1,000 to 2,000 yuan ($165… Continue reading PBOC Injects Cash Into Economy In Anticipation of Lunar New Year
The United States plans to host a conference for African Nations (Those who are in our good graces) in August. Leaders from 47 African nations have been invited by President Obama to the US-Africa summit. The conference is intended to strengthen relations between the US and African counterparts and encourage mutually beneficial economic behavior on… Continue reading US, China Compete for Influence in Africa
CentralBanking.com has awarded the PBOC the title of “Central Bank of the Year.” According to Deutsche Bank economist Jun Ma, “China’s overall macro condition today is one of the best in history.” In my mind, this is an especially impressive accomplishment considering where China’s economy has been within the past century. Specifically, enduring such economic… Continue reading People’s Bank of China: “Central Bank of the Year”