China
352 Threads
1/5 According to Yicai, China's per capita disposable income jumped 5.9% in the first nine months of this year, higher than the GDP growth of 5.2%. This, ultimately, is the only m...
An often repeated lie about Mao era China, was that "Mao banned guns". BUT Mao era China had some of the most liberal gun policy in the world, many had access to firearms. especia...
1/8 Xinhua: "China's manufacturing sector topped the world in size for 13 consecutive years in 2022, with the sector's added value contributing to over 30 percent of the world's to...
1/6 China’s exports in November were up 0.5% year on year, beating expectations for a mild decline, while its imports were down 0.6%, well below expectations that it would actually...
1/8 Good NYT article on the problems in China's real estate markets. Among other things it notes that "by 2010, the market was showing signs of overheating. Housing prices were ris...
This transfer of wealth from Rich to Poor has been in the making for a couple of years. This is great for China in several ways 🔸Affordable housing means more population growth 🔸M...
1/6 "China’s troubled property market remains on shaky ground," the WSJ argues, "despite a raft of government policies to stabilize it. Beijing still needs much more forceful measu...
1/4 "The contraction in China’s home sales and property investment both deepened in October, a steeper downturn that may push the government to do more to shore up the struggling h...
China Kitty Monthly 🧵 courtesy of: @bubbagumo @emmasunrise @GucciCat88 @jin_trade @joe70995321 @MiFID_Man @mliehk @MokJonathan @ROLCapital @shwanka @bbsteamer Alumni: #Jordicalav...
Refreshing to read an economist who actually understands China's underlying political structure and how it determines the dynamics of local government debt and finance. A nice piec...
China’s NBS released preliminary Q3 numbers last week. Some highlights: ▪️ Q3 confirmed that disposable income growth continued to be strong at 5.9% real, outpacing GDP growth by...
1/9 “I think they really need to unleash the private sector much more to really capture productivity growth.” This is a very muddled way of thinking about the structural problems...
Hukou restrictions did not substantively restrict labor mobility in China in a way that hampered overall LT economic development. On the contrary, it gave rise to an extremely mob...
1/10 Excellent Martin Wolf piece on China which, as always, does a great job of presenting a systemic view of the problem. Debt is too high and growing too rapidly, he notes, but...
The other aspect of “structural transformation” is the composition of its labor force. A large part of China’s labor force today is trained to build physical things (goods in a fa...
🧵What's the purpose of India-Middle East-Europe Economic Corridor? China's Belt and Road Initiative were set up to: 🔸Export some of our excess capacity in construction 🔸By pass th...
Why is China’s economy already larger than USA’s? It’s because of PPP GDP. That is, China’s GDP of $18 trillion can buy more than US’ $26 trillion. Example: Look at the cost of...
1/10 While I agree with much of what El-Erian says in this piece, especially his point that the stimulus many are hoping for, expecting it to "reinvigorate domestic growth and rest...
Interesting discussion with @prchovanec that raised pts on this impt topic of whether or not China is over-investing and under-consuming: 1⃣ Composition of GCF 2⃣ High RE prices...
1/4 "To spur infrastructure-fuelled economic growth in the face of a property-market crisis and mounting debt pressure," SCMP writes, "local governments across China are expected t...
The FT asks "can China arrest the renminbi’s slide" -- Contrary to most of the Street, I think the answer to that question is clearly "yes, it can" Will it? The lord only knows....
A hypothesis: there can be no durably stable Chinese and global economy so long China's national savings rate stays around 45% of GDP ... (note that, contrary to the IMF's foreca...
Just a reminder that household expenditure figure used to generate chart on the left only represents 56% of China's household income. The low consumption is hardly a result of low...
1/10 Very good article by Lingling Wei and Stella Yifan Xie on the key economic issue (or puzzle, if you like) facing China. In spite of China's very weak consumption, which is rei...