He added that in response to external factors, the Chinese government has been very smart to set a low GDP growth target. Speaking of China's economic growth drivers this year, Wuttke said China has great potential in terms of consumer spending, as it currently has 400 milli...
Remember that Citi’s Trillions in Welfare were kept secret by the Fed until 2011 or so when a forced audit made them reveal that. Remember too, that Robert Rubin and Chuck Prince were referred for indictment by the FCIC, but not another whisper was ever heard on that. Mira Sep 17, 2...
China GDP: 'A very long period of Japan-style low growth.’ Here are some of the insights from ‘The Only Five Paths China’s Economy Can Follow’ by Peking University’s Michael Pettis. This excellent analysis of China’s economy is worth a careful reading. ...
Meanwhile, Beijing continues toforceforeign firms to share technology in exchange for market access. The lack of intellectual products (IP) protection in China hascostforeign companies hundreds of billions of dollars in lost revenues, and Chinese theft of IP may have cost trillions more. Stronger l...
Stock market capitalization by country (in trillions) U.S. $24.8 China 9.7 Hong Kong 5.2 Japan 5.0 UK 3.8 France 2.1 Canada 2.0 Germany 1.9 Source: Bloomberg But China has had problems getting to “the next level.” The problems are twofold: ...
The Institute of International Finance (IIF) estimated that China’s total domestic debt rose to 335 per cent of gross domestic product (GDP) in 2020. Beijing’s Wall St Bailout? It appears that Beijing is seeking a major de facto bailout from foreign investors into its troubled stocks ...
local government and local fund deficits since 2015 have driven an expansion in China’s aggregate fiscal deficits from an average of 1.5% of GDP from 2011 to 2014 to an average of 6.3% of GDP over the past three years. The aggregate deficit is likely to remain around these levels in ...
China has reduced the price of a PCR test to RMB3.5 (about $0.52), and the country spent RMB21.6 billion in April 2022 for normalized mass PCR testing, about 0.2% of GDP. This spending will be significantly reduced again after outbreaks are contained. This is a choice made to put people...
s GDP. Suppose China experiences a 5 percent slump in its own GDP; given an income elasticity of 2, which is reasonable, this would mean a 10 percent fall in imports– but that’s a shock to the rest of the world of just 0.3 percent of GDP. Not nothing, but not that big a deal...
It won’t be easy, but shifting to a productivity-led economy from one focused on investment could add trillions of dollars to the country’s growth by 2030.