The Chinese and the eurozone
byThe basic market problem is there is too much sovereign borrowing for the money available, which would normally drive interest rates sharply higher. Some…
China
Big Trouble in Little China
byDespite the general relief which greeted the release of China’s GDP data for the third quarter, as well as the still resilient industrial production…
Chinese money creation: why the Chinese central bank’s reserve position is no defence.
byI have heard it said many times that China’s economy is likely to be resilient as it is sitting on huge foreign exchange reserves….
China: American financial colony or mercantilist predator?
byChina is an important trading partner of America. But it may also be a mortal threat. And not for the conventional reasons usually cited…
CNBC: China Reflects ‘Vampire Economy’
bySean Corrigan’s latest appearance on CNBC is well worth watching (3m 42s). Mon 27 Jun 11 | 02:00 AM ET The Chinese economy reflects…
A fascinating Austrian encounter with China’s top think-tank
byA couple of weeks ago in the offices of the Adam Smith Institute, I addressed more than twenty of China’s most senior economic thinkers…
A Gedankenexperiment with Flour
byImagine a country where the average household routinely spends half its $100 income on buying in 4,000 calories a day of flour and half…
Building White Elephants in China
byLoose US monetary policy has had its echoes all around the world. The US dollar, once thought to be “as good as gold”, has…
Tightening in China will be felt around the world
byEven though the Chinese authorities made no bones about the fact that they had conveniently ‘rebased’ their latest CPI numbers in order to mitigate…
Financial Pain in Spain Falls Mainly on… Spain?
byFor over a decade we have heard reports of China’s increasing world dominance. Yet while Beijing has amassed a large war chest of savings…