China's Modern Economy 中国现代经济 meets TuTh 11:45-1:15 Huntley 230
From Winter 2014 student
A preliminary survey suggests that China’s manufacturing sectors have contracted for the quarter. Although there have been numerous signs the Chinese economy is losing momentum the decrease in production will probably force a government stimulus to keep growth high. The report, which was weaker than expected, hurt Asian markets and the Australian dollar by a… Continue reading 8 Month Low for PMI
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?
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
Even with the cool down of China’s economy over the last few months, officials at Samsonite anticipate a growth in sales of over 10 percent this year, up from 5 percent the year before. Mr. Ramesh Tainwala, chief operating officer at Samsonite, recently stated that despite the uncertainties caused by China’s shift away from heavy… Continue reading Chinese Consumerism Growing
Millions of talented and educated Chinese citizens are leaving the mainland for jobs, clean air, opportunity, and other reasons. Many are leaving to protect their wealth, scared of President Xi’s new war on corruption. They are leaving also because they don’t have a ton of faith in the economy, in terms of being regulated tightly… Continue reading China’s Talent is Leaving
As with all economies on a rapid upward trajectory, there is a emergence of a uber-wealthy elite in China. These newly wealthy Chinese have contributed greatly to China’s emergence as a key economic player on the international stage through their entrepreneurial enterprises. However, they recently have received press for less admirable finical behavior. The internet… Continue reading The Comedy of China’s New Elite
To follow up on Bloomer’s post regarding China’s currency valuation (the CNY will now be allowed to fluctuate up and down by as much as 2% per day against the USD), China is undertaking some other serious financial reforms under President Xi Jinping. Former Prime Minister Wen Jiabao said over two years ago that Chinese… Continue reading China’s Next Reform: Private Banking
Much attention has been shown to China’s companies in the past few weeks after Chaori was allowed to fail. As expected a number of small firms have teetered on the edge of bankruptcy and it was only a matter of time before news of another company in danger of failing broke headlines. Well the wait… Continue reading Letting the Pawns Fall?
To follow up on Austin Tamayo’s latest post about China’s stance on Russia’s annexation of Crimea following the toppling of Ukraine’s Kremlin-friendly President Yanukovych: it is useful to examine China’s response, both explicit and implicit. Last week China announced that its defense budget for 2014 would be USD 132 billion, an increase of 12.2% over… Continue reading The Politics of Annexation
China’s longtime allegiance with North Korea has long been a cause for concern for many in the international community. Despite the negative international opinion of China for this allegiance, they recently reaffirmed their support for the North Korea dictatorship. A recent UN report condemned the numerous human right violations occurring within North Korea’s borders. China… Continue reading Strange Bed Fellows
Government officials in China are stuck in between a rock and a hard place when it comes to the crisis in Ukraine. It would be reasonable to think that China would sympathize with Putin and his actions involving Ukraine, but China has also been a strong in opposing actions that interfere with other countries’ internal… Continue reading China’s Stance on the Crisis in Ukraine
Charity Dhliwayo, the acting governor of the Reserve Bank of Zimbabwe announced that Zimbabwe’s central bank would accept the Chinese yuan and two other Asian currencies as legal tender. Dhliwayo said, “Trade and investment ties between Zimbabwe, China, India, and Japan have grown appreciably”. Zimbabwe had to abandon their currency after their economy became rife… Continue reading Zimbabwe Adopts Chinese Yuan as Legal Currency
An article was released on March 8 that shows China pledging to defend each inch of its territory and eliminated any possible shred of compromise with Japan. Foreign Minister Wang Yi told a press conference that, “On the two issues of principle, history and territory, there is no room for compromise”. The relation between the… Continue reading Tensions Rise as Japan and China Dispute Territory Issues
China, like many nations with super-power aspirations, feels the need for regional domination. As the Malaysian Airplane incident has exposed, China has less control over the Far East would like. The way China has attempted to control the often chaotic region is through over-whelming military dominance. However, China is quickly learning that they might not… Continue reading China’s Unaffordable Military
The thing that comes to most westerners minds when thinking of Chinese cities is smog. This first came to national attention during the Beijing Olympics, however it has not improved from there. In fact, the Chinese government has finally admitted that the pollution has reached unacceptable levels and pledged to take action. Among potential action… Continue reading Smoggy China