I am often asked, especially by my Peking University students, to list what I think is the sequence of steps China will take to address its economic imbalances. Remember that rebalancing, in the Chinese context, has a very specific definition. It means raising the consumption share of GDP. This is just a way of saying …
Read More…Archive for September, 2010
You ain’t seen nothing yet?
On Wednesday I will be putting up my piece on the politics of China’s adjustment process, but before doing that I wanted to mention a few recent particles worthy of comment. First, Jamil Anderlinin has a long and interesting article in today’s Financial Times on China’s fast-speed railways. The most interesting part of the article, for me …
Read More…Rumors on the PBoC deregulating Chinese bank deposit rates
After three weeks of traveling it is good to be back in Beijing, even though now I have to work through the mountain of very fattening mooncakes my very kind students have given me for Mid-Autumn Festival Day. While I was away it seems that there were a lot of rumors in the market about …
Read More…What do the “good” trade numbers tell us?
I apologize for taking so long to write but for the past rwo weeks (and the next five days) I have been travelling for conferences and meetings. I spent last week in Buenos Aires at the 75th Anniversary Conference of the Banco Central de la Republica Argentina, where I gave a presentation on China and …
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