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Trump Is China’s Chump

Trump Is China’s Chump Worth a read

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In Africa, Chinese Developers Are Building A Mini-China

Development is happening quickly, though not as quickly as megacities grew in China. Of 50 economic zones planned nine years ago, only six have been built. Developers are struggling to adapt to the differences in various African cultures and differences in governance. “I think from Chinese point of view, the biggest danger is corruption in […]

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China’s Middle Class Chafes Against Maze of Red Tape

China’s Middle Class Chafes Against Maze of Red Tape China’s middle class — wired, ambitious and worldly — is increasingly unwilling to tolerate such obstacles, the vestiges of a capricious Mao-era bureaucracy that still holds sway over most of the important aspects of people’s personal lives. For many educated city dwellers, it is red tape, […]

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economics politics Uncategorized

Blaming China Masks our Real Economic Problems

Blaming China Masks our Real Economic Problems For the most part, the response of economists to the candidates’ exchange over trade was highly negative. Economists are strong advocates of open, unimpeded trade between nations, and with all that economists have done to promote the idea that specialization and trade is mutually beneficial – an argument […]

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economics Uncategorized

American capitalism triumphs over Chinese capitalism at the March 13 Slate/Intelligence Squared debate

American capitalism triumphs over Chinese capitalism at the March 13 Slate/Intelligence Squared debate Schiff defends Chinese capitalism because he is against central planning. Must be some other China he is defending.

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An examination of U.N. and Chinese trade data reveals that exports to North Korea of products including cars, tobacco, laptops, cellphones and domestic electrical appliances all increased significantly over the past five years. Luxuries Flow Into North Korea – WSJ.com

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America’s creditor identifies its budget problem

The chief of the General Staff of the People’s Liberation Army, Chen Bingde, told reporters he thought the U.S. should cut back on defense spending for the sake of its taxpayers. He was speaking during a joint news conference in which he traded barbs with visiting U.S. counterpart Adm. Mike Mullen. “I know the U.S. […]

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economics politics Uncategorized

Higher Inflation Would Slow U.S.-China Currency Adjustment | ThinkProgress

Kindred Winecoff introduces the excellent point that the fact that the U.S. is experiencing an inflation rate that’s lower than China’s means that the real exchange rate is adjusting faster than the nominal rate. Consequently, “[t]o the extent that we want to boost employment through exporting, increased inflation could prolong that process.” Or to look […]

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economics Uncategorized

Empty Chinese Houses

According to Hong Kong-based real estate analyst Gillem Tulloch, who is interviewed in the piece, the housing units are priced well above what an average Chinese person can afford. The result, he says, is a housing bubble that is terrifying in size, “a property bubble like which I don’t think we’ve ever seen,” he says. […]

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politics Uncategorized

China’s Dangerous Lower Middle Class

Back in the 1990s it was often fashionable to argue that increased prosperity would magically transform China into a more liberal political system. Today, that’s clearly not the case. What we’re seeing here, though, is the more likely mechanism for political change—dashed hopes. Peasant farmers often just feel beaten-down and resigned to their fate. But […]