Author: paldinoj15

While the focus of premier Li Keqiang’s speech at the annual Chinese parliamentary meeting was the “new normal” and the new target growth rate of 7%, Mr. Keqiang also addressed an anti-corruption campaign that he (along with president Xi Jinping) hopes to implement going forward. It seems that he has been following through on this… Continue reading Corruption in China →

Following decades of rapid economic growth and urbanization, China’s economy is beginning to slow. At their annual parliamentary meeting, Li Keqiang, the premier of China, announced Beijing’s new growth target of 7%. In her article, China breaks the economic bad news gently, Celia Hatton demonstrates that while for most economies a growth rate of 7%… Continue reading China’s Declining Growth Rate (cont.) →

As rural populations migrate to urban areas, it impacts agricultural production, efficiency, and mechanization. In their article, Would more extensive out-migration of rural farmers expedite farm mechanization?, Luo and Escalante examine the impact of Chinese rural out-migration on farm mechanization. Ostensibly, as rural workers migrate to urban areas, farm mechanization should increase as, “declines in agricultural… Continue reading China’s Farm Mechanization →

In their paper, “The People’s Republic of China’s Potential Growth Rate,” Felipe et al. (2014) examine China’s declining growth rate, and it’s impact on policymakers going forward. This paper explores a number of policy alternatives as the PRC works to stabilize their growth rate coming out of 40 years of extreme growth. Looking ahead to the… Continue reading China’s Declining Growth Rate →

Across the globe political shocks have far-reaching economic consequences. Following the 9/11 terrorist attacks in the U.S. retail sales dropped by 2.5% in September. In their paper, Political Uncertainty and Household Savings (2014), Aaberge et al. examine the effect of the large-scale political shock known as the  “Tian’anmen Square Movement” on household consumption. This movement was… Continue reading Political Uncertainty and Household Savings in China →

In the wake of the 2008 financial crisis, shadow banking in the U.S. came to the forefront of financial concerns. The shadow banking industry represents a relatively unregulated credit creator in financial markets, and while governmental reforms in response to the financial crisis in the U.S. have attempted to address this issue and provide some… Continue reading Shadow Banking in China →

Ostensibly, China’s rapid growth over the past three decades should have brought economic benefits to both urban and rural communities. Granted, economic disparities would exist (and probably become greater) with continued growth; however, as Dr. Damian Tobin puts it, China’s widening gap between rich and poor represents, “one of the most fascinating contradicitons of China’s… Continue reading “Inequality in China…” →