Video: “Death and Taxes”
Originally posted in 2011, this Ming’en Media video explains just how much every...
consumer spending
CDT Money: Likonomics and China’s Push for Reform
China watchers spent the week digesting the latest official quarterly GDP data released by the National Bureau of Statistics, which showed year-over-year growth slowing to 7.5% in the second quarter. Measured by international...
Hong Kong Clings to Separate Identity
Tensions between Hong Kong and the mainland have fluctuated, but with the recent proposed education curriculum change and other signs of hostility, relations with the mainland seem to be under more stress in recent months. As...
Are China’s Wealthy Spending Less?
On CNBC, Shanghai-based market intelligence analyst and author Shaun Rein responds to a Wall Street Journal piece published earlier this month which argues that China’s wealthy are losing confidence and spending less,...
When You Buy "Made In China", Most Of Your Money Actually Goes To America
Business Insider highlights a report which claims that flow of money from American consumers to Chinese manufacturers is less torrential than is widely believed: We spend a lot of money on stuff with the “Made In...
London Stores Open Christmas Departments Tomorrow. Blame China.
A new addition to the catalogue of strangeness caused by China’s economic rise: Harrods and Selfridges will open their Christmas departments tomorrow, on Thursday, July 28th, just short of five months before C-Day itself,...
In China, Even Small Cities Spend Big
The Wall Street Journal China Real Time blog reports that it’s not just consumers in Beijing and Shanghai who spend big in China, but their Tier 2 neighbors as well: Up to now, many global companies, especially luxury...
China’s Next Stage: Spreading the Wealth
The New York Times’ Room for Debate blog has rounded up a number of scholars to share their thoughts on China’s efforts to move towards a consumer-driven economy. Michael Pettis, professor of finance at Peking...
China Needs Consumption for Recovery, Researcher Says
A government researcher today recommended that only boosting domestic consumption would help China recover from the global financial crisis and international demand is still weak. From Bloomberg: China has to boost domestic...
How Beijing is Battling the Global Crisis
Der Spiegel writes about Western hopes that China will revive the global economic slump: Last week, European Central Bank President Jean-Claude Trichet said cautiously that the global economy is “near a turning...
Distant Holy Grail: China’s Consumers
Forbes reports: China is showing steady improvement in domestic consumption, as global and domestic companies set their sights and hopes on the world’s most populous market. But bolstering the power of its consumers to...
Minxin Pei and Ali Wyne: A Freer China Would Stimulate Spending
An opinion piece in the Financial Times looks at the possible link between a country’s level of freedom and rates of consumption as a way to explain China’s failure to stimulate consumer spending: Why has the...
Chinese City Bolsters Scant Consumer Spending With Free Vouchers
The city of Hangzhou has handed out free vouchers to boost domestic consumer spending rates. Still, however, officials concede that the $100 million voucher plan is only a small effort in increasing consumer confidence more...
Why China Is Too Scared to Spend
With lower growth rates and exports down, China’s economy faces a shaky future. But it’s not as if China doesn’t have the money to jumpstart its own recovery; money accumulated thanks to its high savings rates...
Larry Hsien Ping Lang: How to Survive the Economic Downturn
Born in Taiwan, Larry Hsien Ping Lang is currently a Chair Professor of Finance at The Chinese University of Hong Kong. He is known in China for his provocative critiques of the SOE (The State-Owned Enterprises) reform process....
New York Times: As China Goes, So Goes …
A New York Times editorial offers an opinion on how China should respond to the current global financial crisis: China is already feeling the impact of a slower world economy. Both economic growth and export growth have braked...
China – A Nation of Savers
MSNBC has a report about the changing money-saving habits of Chinese families, as young consumers turn to credit cards: Fears about a possible global recession have begun to trickle down to China, a nation of traditionally high...
The Perils Of Thrift
Newsweek looks at the economic ties between the U.S. and China and their impact on the current market crisis as well as on the future of China’s economic growth: The relationship is symbiotic and mutually intoxicating,...
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