No Sugarcoating It: A Hard Landing Is Likely for China
BEIJING | By Andy Xie at Caixin | Real reforms stripping speculators of their candy involve limiting government power in China. They are unlikely to come fast enough in this bubble economy.
China
Plenum Document Gives Experts in Energy Industry Reason for Hope
BEIJING | By Pu Jun via Caixin | Party’s intention to let market set certain prices seen as creating room for progress to be made in areas like electricity reform. References in a document released after a major meeting of Communist Party leaders to letting market forces set certain prices have given experts hope that progress on electricity-industry reforms can be made.
Closer Look: How Agreements Like the TPP Press China to Reform
BEIJING/ NEW YORK | By Zhang Yuanan, Chen Lixiong, and Chen Qin via Caixin | Major changes to the trade landscape are coming, meaning China must adapt or risk losing its growth momentum. Here’s why Trans-Pacific Partnership (TPP) stands out from many other trade talks.
China: Deflating Property Bubble Fears
NEW YORK | By Junheng Li at Forbes via Caixin | The assumption that China’s housing market is out of control ignores many facts, most importantly that homeowners are not deeply indebted.
China into the Arctic
MASSACHUSETTS | By Richard N. Cooper via Caixin | As ice cover yields to global warming, many countries are eying a range of economic benefits, but they may be harder to attain than imagined.
Shanghai FTZ according to someone who knows
By Ray Kwong | Despite the hoopla around China’s new free trade zone which opened on Sunday, details are sparse on exactly how the promise of economic liberalization will help boost the economy.
China growing hungry
Iris Mir | During the last decade China’s food imports grew by 21% a year. The country is running out of arable land where to farm basic food like grains and cereals or where to grow its cattle. So it’s going abroad to acquire millions of hectares of land from other countries.
Predicting the Economic Future Through Convergence: The Case of China
NEW YORK | By Daniel Altman | In economics there are few axioms and fewer laws. The science, if it can be called that, lacks the certainty of mathematics and the elegance of physics, which may be why quite a few run-of-the-mill mathematicians and physicists turn out to be excellent economists.
To Really Root Out Corruption, Chinese SOEs Need Reform
BEIJING | Via Caixin Magazine | Chinese SOEs, the state behemoths, use systems that make dictators of top managers, a situation that must be addressed for corruption to be rooted out. Appointed outside directors, and learning from advanced economies such as Britain, can be a solution, he magazine believes.
Forex turnover results 2013 – or why you should worry
HAMBURG | By Dr. Beate Reszat | The BIS Triennial Central Bank Survey of foreign exchange turnover makes a fascinating read. First of all, there is the rise in turnover volume: $5.3 trillion. Per day. By comparison: World exports in 2011 (the latest available number) were about $17.8 trillion. Per annum. Second, there is the number of currencies traded which, as the following list shows, has increased markedly. The Mexican peso and Chinese renminbi are even found among the top 10 most traded currencies now.