Each post has substantive comments including by the prof – click on a post title to read! Tidbits & Links of the week NEW ==> Shadow Lenders and China’s Potential for Financial Crisis from NYTimes Economix. < == On the deserted desert city of Ordos: here and here by Darmon Richter, an urban ruins explorer.… Continue reading
Author: Mike
Prof of Economics, Wms School of Commerce, Washington and Lee University, Lexington VA
Each post has substantive comments including by the prof – if you’re a visitor, click on a post title to read! Links of the week Chinese inflation measures blog on Nakamura et al paper. On spillovers see Emerging Market vulnerability to China from the FT. Then there’s a new study How China kept growing during… Continue reading
Anthropometrics
Likely that’s new jargon: the study of the physical metrics of human populations. You may have encountered that growing up in the form of “growth charts” for height versus age. You know by looking across campus that there’s variation in even a population as homogeneous as that of W&L. So what if we approach measures… Continue reading Anthropometrics
Driving in China: Don’t Emulate!
Here’s a story from The Beijinger that resonates with us as readers of Hessler’s Country Driving.
Fire in Shangrila
The Wheel Turning: Praying for Shangrila Building “Historic” Shangrila Mushroom market in Shangrila The New York Times Sinosphere blog reports on a fire that destroyed hundreds of buildings in Shangrila, once known as Zhongdian in Deqeng County,Yunnan Prefecture [link to Google Map]. This is an early tourist endeavor – when I visited the road was… Continue reading Fire in Shangrila
Jingdezhen: Monopoly Capitalism
This is the location of Jǐng dé zhèn [景德镇]. If you switch the scale you can see where Jingdezhen lies relative to today’s ports. Until fairly recent times, the major cities that would have tied into this area were Nanjing and Suzhou (which lies on the Grand Canal that connected the lower Yangtze River valley… Continue reading Jingdezhen: Monopoly Capitalism
Forex Rates
chart.finance.yahoo.com RMB/US$ last 5 days
China Debt Dragon <== link to FT series
draft to check new editing functions
Trying to insert ouTube links. I cannot find a way to decrease their size commensurate with the page width. First video Second video
China’s Auto Industry from a North American / European perspective
In October 2013 sales in China reached 1.92 million units – see the China Auto Industry Association statistics page for details. That’s just shy of a 24 million unit rate, and is surely the largest number of vehicles ever sold in a single market in a month. For GM, sales were 282,000 units – 25%… Continue reading China’s Auto Industry from a North American / European perspective
Friday (pre-Tday) class and Week XII
Here’re the slides that I used in class on Friday; I also put the link on the schedule: China Issues: Lessons from Japan?. For the final week of class I decided it is better to hear about your research, and to review what we’ve done rather than rush through new material. So see below; this… Continue reading Friday (pre-Tday) class and Week XII
Chinese Electric Vehicles
Wu Libo; Li Changhe; Qian Haoqi; and Zhang ZhongXiang. “Understanding the Consumption Behaviors on Electric Vehicles in China – A Stated Preference Analysis.” School of Economics, Fudan University: Working Paper [Nota di Lavoro] 79.2013, Milano: Fondazione Eni Enrico Mattei. This paper examines how the different characteristics of both electric vehicles themselves and the consumers would influence the… Continue reading Chinese Electric Vehicles
GM China
Here are a couple snippets from Automotive News China. 美国政府为救援通用汽车，已亏损97亿美元 — 路透社 | 2013/11/1 底特律 — 据美国特别督察长（Special Inspector General）周二提交给国会的季度报告称，美国政府在耗费近500亿美元救援通用汽车的计划上，已经亏损97亿美元。2009年，美国财政部向通用提供495亿美元贷款，换取21亿美元的优先股和60.8%的股权。 Oh, wait, that’s not about China, it’s about the US govt sales of GM stock. Instead: GM China shines amid Asia decline Automotive News China | 2013/11/1 DETROIT — General Motors said its Chinese joint ventures… Continue reading GM China
TPP
For a discussion that notes non-US issues in the TPP see the Financial Times Economist’s Forum blog. The negotiations with the EU are TTIP (Transatlantic Trade and Investment Partnership). [other links are to the US Trade Representative site]
What if the Chinese Stop buying US$??
From Paul Krugman’s blog: Here … is Erskine Bowles warning, in March 2011, that terrible things will happen if China stops buying our bonds: [T]his is a problem we’re going to have to face up to. It may be two years, you know, maybe a little less, maybe a little more. But if our bankers… Continue reading What if the Chinese Stop buying US$??