There’s good news and bad in China’s loss of traction. The good: It will compel President Xi Jinping to end China’s addiction to easy credit and local-government debt, a recipe that’s now causing more bubbles than growth. The bad: Global markets may not be ready for the ugly data about to emanate from an economy […]
The United States is addicted to oil and China’s got a serious coal problem, Simran Khosla writes in Global Post. Read Here
China’s economy grew 7.7 percent in 2013, overshooting the official target of 7.5 percent, But a shaky start this year, as shown in soft manufacturing activity, has put the focus on how the government will pace and sequence its overhauls while guaranteeing solid growth amid the world’s fragile recovery. Economic growth predicted for 2014 at […]
Fueled by a huge surge in government “mini-stimulus” lending in the second half of the year, China’s GDP increased by a higher-than-expected 7.7% for 2013 (link in Chinese) according to the National Bureau of Statistics. That might sound like a good thing, but it’s not: essentially the government freaked out at the prospect of missing its 7.5% target, and overshot […]
Ben S. Bernanke says the headwinds that have held back the U.S. economy may be abating, leaving the country poised for faster growth as his tenure as Federal Reserve chairman comes to an end. Read Here – Bloomberg
President Barack Obama pledged an aggressive expansion of U.S. efforts to draw foreign investment by clearing away red tape and having U.S. diplomats court investors who want to break into the market. Read Here – Reuters
When the U.S. financial system crashed in 2008, market watchers were increasingly romancing the idea of a “decoupling” that would separate emerging-market fortunes from those of the subprime-hobbled U.S. Such economies as Brazil’s and China’s, the thinking went, had the demographics and national balance sheets to keep growing and wowing as America foundered. Never happened. Read […]
The reality is China’s official urban unemployment rate has long been a near-worthless measure. Even during the global financial crisis in 2009, when tens of millions of workers in China’s export factories lost their jobs, the official rate barely stirred, and it has been moving between just under 4 percent and 4.3 percent for most […]
Apart from some huge outliers, such as Yum! Brands and Coca-Cola, U.S. business have fallen far behind their competitors in other nations when it comes to tapping into developing markets. Here is how they can make up that lost ground — and shore up the United States’ economic future. Read Here – Foreign Affairs
looking beyond borders 