Tag: GDP
Inequality Invented
Clearly, economic inequality is a highly complex phenomenon, affected by a wide variety of factors – many of which we do not fully understand, much less control. Given this, we should be wary of the kinds of radical policies that some politicians are promoting today. Their impact is unpredictable, and that may end up doing […]
Xi Says China Will Not Experience A ‘Hard Landing’
China will continue to grow at a sustainable rate, and will not experience a hard landing, Chinese President Xi Jinping said in London. “China will not close the door it has opened. We are working to build a new system of an open economy and we will make renewed effort to make an open world economy”. In […]
Pakistan’s Debt Dynamic
An oft-overlooked aspect of Pakistan’s debt situation is the political economy. There is an inherent asymmetry between the ‘benefits’ derived from new debt undertaken, and the burden of its repayment. There are two facets worth considering. First, those segments who tend to ‘benefit’ from the debt contracted (the elite) are usually different from those who […]
China’s Economy May Be Even Bigger Than You Think
With China set to announce its third-quarter gross domestic product report on Monday, skepticism over its economic data is arising anew. Recall that Bill Gross has described China as “the mystery meat of emerging-market countries.” Premier Li Keqiang, before taking that post, said he didn’t rely on official statistics. He preferred things like rail freight and […]
China Has No Good Plan to Deal With Its Achilles Heel
Beijing has yet to put together a credible response as to what should be done with zombie companies, the huge swath of unprofitable state-owned enterprises surviving on the good will of the Chinese government. Until it does, private companies in the world’s second-largest economy will continue to fight an uphill battle for growth, and China’s reform efforts will […]
China: The New Spanish Empire?
Since the dawn of capitalism, closed societies with repressive governments have — much like China — been capable of remarkable growth and innovation. Sixteenth-century Spain was a great imperial power, with a massive navy and extensive industry such as shipbuilding and mining. One could say the same thing about Louis XIV’s France during the 17th […]
Are China’s GDP Numbers Believable?
Almost immediately after the Chinese National Bureau of Statistics released its second quarter GDP growth estimate of 7 percent in mid-July, a group of China watchers were crying foul. China officially targeted full-year growth of around 7 percent in 2015, a number matched exactly by its reported GDP figures for the first half of the […]
It’s Time India Stopped Punching At Shadows
Many in India are under the illusion that we are in some kind of a geopolitical competition with China. The reality is that we are already hard put to keep China out of our own backyard, let alone compete with Beijing elsewhere Read Here – The Wire
looking beyond borders 