China Financial Markets

By coincidence I had two OpEd pieces that came out last week, one in the WSJ and the other in the Financial Times.  The latter came about because about a month ago Martin Wolf asked me to write a piece based on my June 20 entry.  The former came about on the previous Friday when [...]

One of the reasons why trade-related discussions can seem so off-the-mark, I think, is because the conditions governing international trade are much more complex than we often realize. The determinants of the international balance of trade basically include anything that affects domestic consumption and domestic production, which pretty much means nearly everything in economics. Among [...]

My apologies, but once again I have been too busy traveling to post as often as I would like. I am currently in Malaga, in southern Spain, in my family’s home, where incidentally I can see first-hand the consequences of the global economic crisis. After enjoying for nearly a decade the spectacular results of the [...]

Things have been so busy this past week with various writing commitments and with the celebration of the third anniversary of my music club (four amazing shows with some of Beijing’s greatest artists and a lot of support and coverage from local music scene participants an the press) that I have been neglecting my blog. [...]

One of the few areas in which the Chinese fiscal stimulus package is unquestionably having a positive effect is on growth forecasts – although mainly because forecasts seem to be coincident indicators more than leading indicators. In the past couple of week Morgan Stanley raised its 2009 forecast for Chinese GDP growth from 5.5% to [...]

I guess there is nothing like a summit meeting in the sunshine island of Hainan to bring out our optimism, but the speakers at the Boao Forum over the weekend seem to have been in fierce competition to see who could more forcefully declare the global economic crisis over, at least for China. One probable [...]