Last week, Senior Fellow at the Peterson Institute for International Economics Nicholas R. Lardy published an article on the website of Foreign Affairs titled “China Is Still Rising—Don’t Underestimate the World’s Second-Biggest Economy”. It mentioned that U.S. academics’ recent view of C...
Last week, Senior Fellow at the Peterson Institute for International Economics Nicholas R. Lardy published an article on the website of Foreign Affairs titled “China Is Still Rising—Don’t Underestimate the World’s Second-Biggest Economy”. It mentioned that U.S. academics’ recent view of C...
Last week, Senior Fellow at the Peterson Institute for International Economics Nicholas R. Lardy published an article on the website of Foreign Affairs titled “China Is Still Rising—Don’t Underestimate the World’s Second-Biggest Economy”. It mentioned that U.S. academics’ recent view of C...
" Nicholas Lardy, a nonresident senior fellow at the Washington-based Peterson Institute for International Economics (PIIE), wrote in an April 2 article in Foreign Affairs titled "China is still rising".
Still a huge lead for the United States, $18K higher than second-place United Kingdom. The numbers forItalyare especially depressing. Basically no growth for the entire 21st century. Since I’m sharing lots of data, I’ll also include the World Bank’schartfor the “G-8”, which is the...
"They [China] are not growing at 10 percent, but they are still growing faster than everyone else," Nicholas Lardy, a senior fellow at the Peterson Institute, told Marketplace. He indicated that China is rapidly attracting foreign direct investments, and when others' trade shrank last year, ...
Nicholas Lardy:I think the main driver will be consumption. The consumption share of GDP has been rising, and I think it will continue to rise for a very simple reason. Most people have not focused on the fact that the growth of household income has exceeded the growth of the underlying ...
This largely happened due to China becoming a WTO member (Branstetter and Lardy 2006: 51). From Figure 2, it is seen that China’s annual export growth rate to the world had also gone up registering 1 percent in 2001 further rising to 20 percent in 2004 and 22 percent in 2005. Figure...
Besides consumer goods, Nicholas Lardy, an economist with the Peterson Institute for International Economics, said China's large and still-growing middle class has been spending a growing share of its rising income on education, health care, travel and other services. ...
The fourth myth is that foreign companies are exiting China in droves, driven away by trade wars, rising geopolitical tensions, and pandemic-induced disruptions to global supply chains. The reality is different. Vulnerabilities of global supply chains have been exposed, but ready alternatives are una...