China Financial Markets

Although China’s growth has been pretty spectacular during the past few decades, I have often heard it argued that a significant source of growth has simply been the unwinding of many decades of economic mismanagement.  In order to test this I went onto Angus Maddison’s magnificent website where he tries to calculate real GDP (on [...]

The stock market seems to be getting increasingly worried about the economic impact of the earthquake, even though Sichuan province comprises just 4% of China’s GDP production and most of Sichuan’s most developed areas, including its capital Chengdu, were left relatively unscathed. Still, it seems that uncertainty has increased in a variety of areas and [...]

There is an article in today’s Financial Times, whose title, “Battle-scarred bankers lapse into a hoarding habit,” immediately triggered my interest.  The article argues that one of the recent “paradoxes” of the international markets, that recovering stock prices for the leading international banks seem to indicate that the worst of the credit crisis may be [...]