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Archive for the tag “Chinese economy”

Emerging Asia Can’t Just Rely On China

If you think Federal Reserve Chair Janet Yellen is stressed, spare a thought for Agus Martowardojo. On Tuesday, the governor of Indonesia’s central bank had to choose between cutting interest rates to support growth or hiking them to prop up his currency. He ultimately decided to split the difference and do nothing. Martowardojo’s dilemma is emblematic of the increasingly chaotic situation in the world’s emerging markets.

Read Here – Bloomberg

Australia’s Strange China Paradox

Even so, it’s time for Australian leaders to stop complaining about the unfairness of the situation and start addressing the real weaknesses in their underlying economy. For years now, theirs has been, as the title of Donald Horne’s 1964 book had it, a “lucky country.” Arguably, no developed economy has benefited more from the reforms unleashed in China byDeng Xiaoping in the late 1970s. The Chinese boom has led to soaring demand for Australia’s natural resources, such as iron ore, coal and copper.

Read here – Bloomberg

China’s Xi And His Worst Nightmare

Of all the nightmares Chinese President Xi Jinping figured he would have to face, a resurgent Japan Inc. surely wasn’t among them.

A major slowdown in the Chinese economy? Yes. Social instability? Absolutely. Debilitating pollution? Check. Rampant corruption eating away at the Communist Party’s legitimacy? You bet. An economically vibrant Japan emboldened to challenge China for leadership in Asia? Hardly. With an assertive Shinzo Abe at the helm, though, Japan may be poised to do just that, in ways that could upend the dynamics of Asia’s future.

Read Here – Bloomberg

Xi-Li Inherit Weakest Economy Growth Since Deng Opened China

China’s new leaders are poised to inherit the weakest economic growth since Deng Xiaopingthree decades ago and may need to borrow from his market-opening tool kit to avert a steeper decline. As the Communist Party prepares to anoint Vice President Xi Jinping, 59, and Vice Premier Li Keqiang, 57, next month as its so-called fifth generation in charge, data from exports to production signal the government will struggle this year to reach its 7.5 percent expansion target. The retiring top echelon took power in 2003 with growth above 9 percent and their predecessors were bequeathed a 14 percent pace in 1993, a year after Deng toured the southern boomtowns he’d spawned, urging more change.

Read Here – Bloomberg

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