Archive for News
Clean Up or Clean Out: 1 Year Update
In my post Summer 2007: A Catalyst for Environment Change in China I predicted:
The summer of 2007, will be shown as a turning point in China’s development
and unfortunately for one client, I found out last week that I was right, and their proposed investment in a East coast city is still in a holding pattern [...]
Are There Lessons for Africa from China’s Success Against Poverty?
A recent World Bank working paper considers the differences and similarities between China and Africa and how the former managed to take millions out of poverty and the latter did not.
The key line for me from the abstract is in bold and is certainly not rocket science.
I have my doubts about the validity of the [...]
China’s economic development in pictures
This month the National Geographic has a “China Special”. The photographs are always of the very highest quality and the story is a good one.
There is a surprising amount of economics in the text and correctly so.
China’s Journey [National Geographic]
My students wrote essays on paper so cheap and thin that it felt like the [...]
New book: "Debating China’s Exchange Rate Policy"
Given the seemingly endless posts on whether China will revalue or not on other China websites those interested would do well to buy this book.
Debating China’s Exchange Rate Policy
edited by Morris Goldstein and Nicholas R. Lardy
China’s exchange rate policy has a great impact on the economies of the United States and the rest of the [...]
Credit Demand in China
New paper looking at the sensitivity of China to changes in the interest rate. A worthy reseach topic.
I have not read it yet so cannot vouch for its quality.
Has the Chinese Economy Become More Sensitive to Interest Rates? Studying Credit Demand in China
TUULI KOIVU
Bank of Finland February 15, 2008
BOFIT Discussion Paper No. 1/2008
Abstract:
Chinese [...]
Hot money and the calls for a maxi-revaluation
Brad Sester over at RGE monitor has a neat little article (with good figures) outlining the dangers of holding off the revaluation much longer.
For the record I cannot see it yet. The political implications are too great (the perceived job losses associated with a loss of competitiveness).
A good article and worth reading.
What keeps Zhou [...]
Does Trade with China benefit the poor in America
The topic of income inequality in the US and who to blame always rears it’s head in some form or other whenever the US enters a downturn. This time however, we get to see a little of the other side of the story - do the poor in the US gain from having cheaper [...]
Robots to replace the "unskilled"
China has expanded on the back of export driven growth with markets won through low cost production. Across the water Japan has a relative abundance of skilled labour but a relative shortage of unskilled workers.
Trade solves this problem. However, Japan wants to solve this problem using its abundant capital - the solution to [...]
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