China's Modern Economy 中国现代经济 meets TuTh 11:45-1:15 Huntley 230
From Winter 2014 student
Many have already posted on pollution in China, but I found this article telling a different story than we are used to on the matter. In a reversal of Government policy, the CCP has created new rules requiring over 15000 institutions, even some of the biggest state owned ones, to not only record, but to… Continue reading Cleaning Up Pollution
Over the past couple of decades, many Chinese companies have been accused of economic espionage, and it has become commonplace to see Chinese knock-offs in everything from electronics to fashion. However, it seems as if the agriculture sector with begin to also feels the effects of Chinese economic espionage. Within the last year, there have… Continue reading Knock-Off Seeds
Less than 6 months ago, China claimed that they had ended their [policy of political] re-education through labor camps. The labor camps released all of their prisoners/residents and will no longer be “re-educating” people at these camps, or will they? To say the least, these camps have been questionable. These labor camps are ideally were… Continue reading Labor Camps Closed?
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
Chinese pressures in the East and South Chinese seas have not diminished since newspaper articles last year hinting at war between Japan and China over the Senkaku islands. In fact although the tensions have escaped international attention China is still seeking to expand its territories and test the responses of its neighbors to territorial aggression.… Continue reading Chinese Military Tensions
The note says: How many prophets have warned Humanity knows great decay Retreat from the ranks and levels of the Chinese Communist Party And wait for the moment till the Great Law will guard peace. The message was stamped onto a 10-Yuan bill and in China it makes the note practically worthless. The message comes… Continue reading Running Scared
There is word that China will announce in the near future that it will begin to import beef from the United States once again. China is currently the world’s largest meat consumer, which speaks to the lucrative nature of this decision for the U.S. The Chinese stopped importing U.S. beef because of the mad cow… Continue reading China Thinks About Resuming U.S. Beef Imports
The automotive industry accounts for about 4~5 % of the U.S. GDP. While it is trying to rebound after the collapse during the recent financial crisis, China is now quickly expanding its presence in Detroit. According to CSmonitor, Chinese auto companies and suppliers are opening plants and offices in Detroit due to low price of… Continue reading China in Detroit
Low manufacturing index ratings not only have adverse effects on jobs and export orders, but also on the non-manufacturing sector’s indices and investment products. A separate report released today showed deterioration, with the Purchasing Manufacturer’s Index (PMI) falling from 54.6 in December to 53.4 in January – or 1.2 percentage points. Also, the benchmark Shanghai… Continue reading Part 2: Implications of China’s Declining Manufacturing
To add to John Taylor’s prior post, output and export orders are shrinking in China according to numerous manufacturing gauges. The Purchasing Managers’ Index (SHCOMP), was at 50.5 as of February 1st 2014, down 0.5 percentage points from December 2013. In general, numbers above 50 signal expansion, so China’s manufacturing is declining relatively quickly. A… Continue reading Part 1: Implications of China’s Declining Manufacturing
As Austin Miller wrote in his previous post, Xi Jinping’s anti-corruption campaign is having a stark effect on luxury purveyors in China: in fact, “a leading cognac brand has seen sales fall by 30%,” sales of shark fin dropped 70% in 2013, and imports of Swiss watches were down 24% in the first quarter. But… Continue reading Is Chinese Luxury Coming Home?
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
As was discussed briefly in the Li book, corruption can be a problem within such a large, bureaucratic, government. It can spread through all levels, to as small as local cadre in rural areas to the most upper levels of the party. The USSR under Stalin faced the same problems. Such corruption undermines the Communist Party and… Continue reading Corruption Within the Party
I seem to recall Professor Smitka mentioning in class sometime last week that, despite all the outcry over Beijing’s smog problems, New Delhi’s are actually far worse. Well Professor, the New York Times has vindicated you: over the weekend, the Times published a story claiming that “lately, a very bad day in Beijing is an… Continue reading Is New Delhi’s Air Twice as Bad as Beijing’s?
According to an article in China Outlook, much of the Chinese government would be ecstatic to discuss the success of the New Cooperative Medical Insurance Scheme (NCMS). This health insurance plan is aimed to cover the majority of the rural Chinese, and was launched nearly a decade ago. The article sites cites that nearly 99%,… Continue reading Health Insurance Falling in Popularity with Rural Poor