China's Modern Economy 中国现代经济 meets TuTh 11:45-1:15 Huntley 230
From Winter 2014 student
It is well known that China produces more pollution than anywhere else on earth. Twenty one percent of the Chinese pollution produced every year can be traced to exports that are specifically made for the US. Although we have moved a lot of manufacturing to China, and thus a lot of our pollution it seems… Continue reading China Smog Travelling to America
China became the world’s largest trader in 2013, surpassing the United States and setting record high trade statistics with imports and exports equaling $4.16 trillion, a 7.6 percent increase from the year before . What may come as a surprise to many, however, is China’s shifting focus from exports to domestic consumption. The Chinese government… Continue reading China Shifting Focus from Exports to Consumption
The right-wing US think tank ranked Hong Kong the world’s freest economy for the 20th consecutive year last week, but many expatriates and locals in the city are taking the survey result as a bit of a joke. There are a ton of examples we could use to tell the Heritage Foundation the real story… Continue reading Hong Kong’s Top Ranking for Economic Freedom Gets a Good Laugh
Local Chinese debt—borrowing by provinces, counties, and townships—has grown 67% since 2010, faster than the 40% growth of the national economy during the same period. On December 31st, UBS Securities’ chief China economist Wang Tao described this rate as “alarming,” a day after the National Audit Office released a report tacking this debt at USD… Continue reading China’s Local Debt Crisis
China is the big new player on the global economic scene. They are now on track to pass America as the leading economy in 20 years, but how have they been able to have such growth? One answer lies in Real estate. Over the last few years, construction has accounted for 13% of the country’s… Continue reading The Ghost Cities of China
CentralBanking.com has awarded the PBOC the title of “Central Bank of the Year.” According to Deutsche Bank economist Jun Ma, “China’s overall macro condition today is one of the best in history.” In my mind, this is an especially impressive accomplishment considering where China’s economy has been within the past century. Specifically, enduring such economic… Continue reading People’s Bank of China: “Central Bank of the Year”
The Chinese economy seems to be expanding overseas. They are being encouraged to invest in other economies including the USA. this has been met with mixed feelings. One the one hand Chinese investment could lead to more jobs and growth. People are wary of an expansion of China’s power, control, and government. This article points… Continue reading Chinese Investment
While the stimulus conducted in the U.S. has been a hotly debated topic most Americans are unaware that Chinese stimulus spending has outpaced the U.S since 2009. The People’s Bank of China has been stimulating the economy by issuing more renminbi, the official currency of China, and then buying dollars in currency markets to slow… Continue reading M2 and Asset Price Bubble
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
Americans, the rich and the poor, often talk about how China’s growing economy will soon surpass that of America and how US will lose the economic competition. As this article by Christopher Matthews points out, President Obama often uses the language of competition (using examples of South Korea and China) to talk about how America… Continue reading Is Economics about Competition? — China’s Growth Is Good!
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
The One Child policy in China was established in 1979 by the Communist Party as a means of controlling China’s ever growing population in order to provide relief to social, economic, and environmental issues that arose due to the magnitude of their population. The goal of this family planning practice was to stop the population… Continue reading Why Is China Relaxing its One Child Policy?
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