Published on Author Mike

This isn’t about China, but it is a particularly clear example of results that rendered nonsense by the failure to distinguish correlation from causation. In this case, it’s a likely outside factor that affects both the “independent” variables (the right-hand side) and the “dependent” variable (the left-hand side of y = a + ßX, where… Continue reading Endogeneity

BRI: 一带一路

Published on Author Mike

Oct 18 on Bloomberg, China’s Belt and Road Ambitions: China Is Forced to Reconsider Its Route Into Eastern Europe; 16+1 members disappointed as projects fail to materialize China’s historical geopolitics kept it focused on Central Asia. Yes, in the late Ming Dynasty (16 century) Japanese pirates repeatedly plundered coastal areas. Then there were the British… Continue reading BRI: 一带一路

Foreign Exchange

Published on Author Mike

We analyzed key motives for purchasing foreign exchange. These are: speculation imports portfolio considerations (purchasing US$ assets) direct foreign investment (developing oilfields and building factories and purchasing companies to operate them, eg, not “portfolio”) earn returns (eg, interest) We focused on the latter as an empirically relevant factor in currency movements (take Econ 271 for… Continue reading Foreign Exchange

Cell Phones, Value Chains and Technology

Published on Author Mike

A popular meme inside the Beltway is that China is stealing us blind. In the background is the assumption that domestic technological capabilities are minimal, and that anything and everything incorporating technology or design must be stolen or counterfeit. In the automotive industry, this turns into the claim that companies are being “forced” to hand… Continue reading Cell Phones, Value Chains and Technology


Published on Author Mike

It’s an exciting time to study the world’s largest economy, with 1.4 billion people and a middle/upper class almost double the size of those of the US or Europe. If you’re a global company such as GM or VW, there’s a good chance you make more money in China than anywhere else in the world.… Continue reading China!

China’s Future

Published on Author Mike

Today’s powerpoint Chinas Future. I left in the agriculture elasticities slide and other details that we covered earlier in the term. I added details to the open economy savings-investment balance (S-I) + (T-G) = (X-M) to the end.

Uyghurs and Hui: China’s Muslim Minorities

Published on Author Charlie

Two of the largest of China’s fifty-six recognized ethnic minority populations, the Hui and the Uyghur, both largely practice Islam and have both occupied their respective corners of China for centuries. This might lead one to believe that these two groups live similar lives. However, the manner in which the Chinese government treats them could… Continue reading Uyghurs and Hui: China’s Muslim Minorities

Chinese Marriage: A Pragmatic Venture

Published on Author Charlie

The institutions of marriage and family have undergone a shift in terms of their role in Chinese society. The gender-skewing impact of China’s one-child policy has left the nation with a dearth of young women relative to their male counterparts (a product of many Chinese parents’ preference that their only offspring be male). This, along… Continue reading Chinese Marriage: A Pragmatic Venture

US-China relations: Mar-a-Lago Diplomacy

Published on Author feldsteinp18

  Next week, on Thursday and Friday, President Donald Trump will host Chinese President Xi Jinping at his Mar-a-Lago resort. This is not the first-time Mar-a-Lago has been at the forefront of the news cycle as President Trump often retreats to the Florida resort on the weekends to escape the capitol. One of the main conversation… Continue reading US-China relations: Mar-a-Lago Diplomacy

The Government’s Tobacco Monopoly

Published on Author choia18

The China National Tobacco Monopoly largely holds a monopoly over tobacco sales throughout China generating about seven to ten percent of government revenue. In terms of the global market, China Tobacco is the largest tobacco company manufacturing a total of 2.5 trillion cigarettes in 2013 compared to their closest rival Phillips Morris international who only… Continue reading The Government’s Tobacco Monopoly