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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 [...]
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 a [...]
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 [...]
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 [...]
Tougher stance on inflation
On the back of the steep rise in prices of 8.5% in April China announced further monetary tightening. What is more worrying is the suspension of the appreciation of the RMB. This may prove to be counter-productive. The story is covered expertly by the FT (saving me the time). Beijing takes tougher stance to combat [...]
Inflation picking up speed
From Bloomberg. This article sums up nicely the inherent dangers when inflation begins to rise at rates like this. China Inflation Quickens; Close to Fastest Since 1996 May 12 (Bloomberg) — China’s inflation accelerated to close to the fastest pace since 1996 as food prices soared and the government slowed gains by the yuan. Consumer [...]
Who Is To Blame For Fat Chinese Kids? Who Will Be Blamed?
3 weeks ago my staff and I celebrated the opening of the new Wujiang Road food street. It was a great day as we had grown tired of all the other food, but when we got down there we realized that we should have eaten first and then gone down there. 3 Coffee shops – [...]
Photos of Sichuan Before the Earthquake
I spent much of 2005 traveling throughout China on a consulting contract, taking in the sights when I could. Let us not forget what Sichuan offers, once rebuilt. As a reminder to those focused on destruction, here are a few photos I took at 峨眉山 (Mount Emei) and the 樂山大佛 (the great Le Shan Buddha, [...]
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