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Greenfield FDI and innovation
Apologies for the lack of posts recently, exam marking time in academia.
Here is a paper that I need to read. The impact of foreign firms in China is complex. The pursuit of profit has lead many MNEs into China but at what cost? What is the impact on UK/US jobs? On wages in [...]
Forecasting Inflation in China
Inflation in China is something of a hot topic to the extent that the blog and newspaper coverage of this topic is seemingly endless. China Financial Markets for example has long detailed posts on inflation and its cures and consequences daily.
This academic paper from the Bank of Finland is either very timely or completely [...]
Earthquakes and monetary policy
China Financial Markets looks at the monetary implications of the earthquakes. Economics does not stand still.
The devastating earthquake is also bad for monetary policy [China Financial Markets]
This has been a sad week for China, and it has certainly not been easy to watch on television the heartbreaking scenes of the effect of Monday’s earthquake. [...]
Wrong number: On the reliability of Chinese Data
Following on the heals of the last post and thanks to Chinalawblog for the pointer.
As an economist who works with large amounts of Chinese data this issue has arisen many many times without a satisfactory solution. The Economist discusses this issue at length. I tend to use province level data - this raises [...]
Huge wealth; huge misery: China by numbers
The Independent on the 10th May had a China special. The numbers at the end of the article are worth posting to have on record.
Whilst the writing style is “sensationalist” it is well written and does paint a good picture.
The dragon awakens: China, how did it happen? [Independent]
What is happening in China is the [...]
McEconomics: The price of McDonalds in China
Pettis over at China Financial Markets has a nice little comment on the role of McDonalds in China (and Asia generally). In my view he has it spot on making an excellent observation that I think deserves to be retold.
The rest of the article is also interesting.
Inflation? Or stagnation? [China Financial Markets]
Occasionally I like [...]
Financial Controls: When China Offices Go Wrong
During my time in China, I have heard more than a few stories of where one partner/ manager lost control of their finances in a way that was company/ project killing.
Perhaps it was an underling that figured out a loophole, a business development manager spending too much time at the KTV, a purchasing manager kicking [...]
China’s Exports Off in May. What Should We Think?
A lot of news today on China’s June numbers for the surplus.
According to the IHT coverage:
China recorded a trade surplus of .35 billion in June, less than expected, as slower growth in exports contributed to concerns that weakening demand overseas could be starting to hit the economy.
The surplus marked an increase from .2 billion in [...]
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