China's Modern Economy 中国现代经济 meets TuTh 11:45-1:15 Huntley 230
This is an older article, but given our recent discussions of migration, I thought it would be beneficial to get a view for the scale of this trend. Chunyun, the spring migration of workers heading home for the holidays, is one of the worlds largest annual human migrations. This migration falls right around the Chinese… Continue reading Migration in China and Maps
Earlier today, as part of the annual World Consumer Rights Day campaign, China’s government-controlled television broadcast took aim at foreign carmakers and dealers. The problems they alleged ranged from pricing to quality in the auto-industry market. The main targets were Tata Motors Ltd’s Jaguar Land Rover, Voltswagen, as well as the some dealers. The CCTV… Continue reading Foreign Auto Firms Under Fire in China
Taxi drivers in ten Chinese cities have gone on strike to protest the arrival of ridesharing services such as Uber, the San Francisco based company valued at $40 billion, in the country. Traditional drivers claim the high franchise fees imposed by the state-run taxi industry inhibit their ability to compete with the cab-hailing services that… Continue reading Uber, Other Private Car-hailing Services Disrupt China’s Traditional Taxi Industry
In 2014, China took the edge over the US in foreign direct investment, a feat that no country has been able to achieve since the US took hold in 2003. Looking at the charts, we can tell that China has had a relatively steady increase over the past twenty years and shows stability. Whereas looking at… Continue reading China Takes the Lead from US in Foreign Investment
The VoxEU blog has a nice post here on demographics and growth. We’ll return to this and related macro topics after our migration segment. For now, what is happening in China in terms of demographics? Think about how/why the above chart ties in with that.
In our discussions, we did not touch upon how the AIB might operate, and to what end. Let us assume that it indeed focuses on development finance in Asia. To what extent is that feasible? The underlying premise of the AIB then must be that funds are scarce in the region, that the barrier to… Continue reading Asia International Bank
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
Today VW claimed sales of 2.35 million units in Jan-Sep. Meanwhile GM’s PR machine releases brand sales monthly. I track these, out of curiousity and because I teach a course on the Chinese economy (in which I use Michael Dunne’s American Wheels as one of 4 books I ask students to read). GM’s 9-month total… Continue reading China’s Hypercompetitive Car Market
According to a report from Bloomberg, a new strain of bird flu has emerged in eastern China and it has killed afourth person. The virus, H7N9 strain of the avian flu, has infected poultry workers in Shanghai and there are more cases suspected in the city. This can be a very dangerous thing for an… Continue reading Four Dead as New Bird Flu Breaks out in China
China catches flak for intervening in exchange markets. You should however think about the challenges faced by developing countries with small financial markets. A nice piece on that is on the Economist’s View blog, looking at Cyprus as the point of departure. Now that China is “large” in international markets the “hot money” argument is… Continue reading Foreign Exchange Controls
Here is a sample of the news coverage in the Financial Times, the world’s leading English-language newspaper, in that it has more extensive coverage of the world as a whole than any US publication. See “Links” in the right-hand column – you can sign up for a daily email on their China coverage. China Business,… Continue reading Financial Times China Coverage