Facebook Links
Submitted by China Economy Watch Blog
Quietly clicking my way through Bloomberg last Sunday afternoon, I came across this:
Facebook Members Register Names at 550 a Second
Facebook Inc., the world’s largest social-networking site, said members registered new user names at a rate of more than 550 a second after the company offered people the chance to claim [...]
China’s Imports and Global Recovery - Brad Setser Need Be Curious No Longer
Submitted by China Economy Watch Blog
Earlier this week Brad Setser was opining on his blog:
“Like everyone else, I am curious to see what China’s May trade data tells us. If China truly is going to lead the global recovery, China needs to import more – and not just import more commodities for its (growing) strategic [...]
China’s Prices Continue To Decline As Industry Recovers
Submitted by China Economy Watch Blog
Consumer prices fell again in China in May, although less sharply than they did in April. This lead some to hope that deflationary pressures are begining to ease, but I think it is far too early to start drawing this kind of conclusion. Indeed, like Brad Setser:
“I am curious to [...]
China’s Manufacturing Industry Expands In April While Prices Fall
Submitted by China Economy Watch Blog
China’s manufacturing expanded for the first time in either eight or nine months (depending on which index you chose - see below) as the decline in export orders moderated and investment surged on the back of the government’s 4 trillion yuan ($586 billion) stimulus package.
The CLSA China Purchasing Managers’ Index [...]
Manufacturing Industry Contracts Again In March
Submitted by China Economy Watch Blog
China’s manufacturing industry shrank for an eighth straight month in March as collapsing global trade cut exports and growth across Asia. The CLSA China Purchasing Managers’ Index dropped to a seasonally adjusted 44.8 last month from 45.1 in February. Any reading on these idenexes below 50 means contraction.
The manufacturing component [...]
Prices Drop As Exports Fall
Submitted by China Economy Watch Blog
Perpahs one of the most heated debates which is taking place among investors and economists at the present time relates to China. Economic growth plunged in the fourth quarter of last year, and the economy may even have contracted. Yet the government has lashed out “loads of money” on a [...]
Exports Tumble As China Enters Deflation
Submitted by China Economy Watch Blog
Is China about to lead the charge out of the current slump, or is the Chinese economy about to succumb to it? This appears to be one of the most interesting and most hotly debated questions of the moment. On the one hand the latest manufacturers PurchasingManufacturers Index seemed to [...]
China’s Manufacturing Sector Continued To Contract In January
Submitted by China Economy Watch Blog
China’s manufacturing contracted for a sixth consecutive month in January as shrinking global demand hit the country’s export-driven economy. The CLSA China Purchasing Managers’ Index rose to a seasonally adjusted 42.2 from 41.2 in December. Since any reading below 50 indicates contraction, even though the rate of contraction dropped (and [...]
Chinese Exports Fall Sharply In December
Submitted by China Economy Watch Blog
China’s exports fell the most in nearly a decade in December, with shipments down by 2.8 percent over December 2007. That compares with a 21.7 percent increase a year earlier. Over the whole of 2008 exports were up by 17.2 percent, a reduction on the 25.7 percent gain registered in [...]
The Second Great Depression Wends Its Way Forward in December
Submitted by China Economy Watch Blog
And lands in China.
Well China isn’t quite in Great Depression mode yet, but manufacturing activity - which forms the core of the Chinese economy and accounts for 43% of all activity - is already very close to a technical recession, and phew, it wasn’t very long ago that the Chinese [...]
China’s Manufacturing Contracts Sharply In November
Submitted by China Economy Watch Blog
China’s manufacturing shrank by the most on record and export orders plunged, providing more evidence that recessions in the U.S., Europe and Japan are sharply slowing what was previously the world’s fastest-growing major economy. The Purchasing Managers’ Index fell to a seasonally adjusted 38.8 in November from 44.6 in October, [...]
The Contraction In Chinese Manufacturing Accelerates In October
Submitted by China Economy Watch Blog
China’s manufacturing contracted by the most on record last month as the global financial crisis cut demand for exports, a second survey showed. The CLSA China Purchasing Managers’ Index fell to a seasonally adjusted 45.2 in October from 47.7 in September. The output index fell to 43.4 in October from [...]
China GDP Growth Slows Quite Rapidly In Q3 2008
Submitted by China Economy Watch Blog
China’s economic growth rate slipped into single digits in the third quarter for the first time in at least four years under the impact of the global credit crisis and weakness in the domestic property sector. Annual gross domestic product growth slowed more sharply than expected to 9.0 per cent [...]
Rio Tinto Give China Slowdown Warning
Submitted by China Economy Watch Blog
Rio Tinto’s chief executive, Toma Albanese, warned on Wednesday about the health of China and said the slowdown in one of the world’s fastest growing economies had led the mining company to revise its capital spending plans. Mr Albanese said there had been a marked reduction in Chinese commodity demand [...]
Chinese Exports Maintain Strong Momentum In August
Submitted by China Economy Watch Blog
China’s trade surplus hit a record $29.3bn in September as exporters succeeded in defying forecasts of falling international demand – for the moment, at least.
Exports rose 21.5 percent from a year earlier to $136.4 billion after gaining 21.1 percent in August, according to data from the Chinese customs bureau. China [...]
Blogroll Additions
Submitted by Experience Not Logic Blog
My rss reader has been updated way more than my blogroll. Here are the blogs I’m adding:
SourceJuice
An in depth look at sourcing from China. Plus, their team is made up of helpful, considerate people.
China Comment
Lots of long posts on a variety of topics. I particularly enjoy its “nuanced research.”
Crossroads
Rich Brubaker [...]
Posts of the Week: 9/15 - 9/21
Submitted by Experience Not Logic Blog
Wacky insider trading case at Chinese Law Prof
Economists React: After China Rate Cut, Eyes Now On Loan Quotas at WSJ: China Journal
The Impact of China’s Labor Contract Law at China Law Blog
Sinopec Sustainability Report. Different, but Good at Crossroads
Wall Street’s Meltdown and What it Means for China at Managing the [...]
America’s loss is Asia’s gain
Submitted by 2point6billion.com Blog
There is a brilliant white light at the end of the tunnel of U.S. financial woes - lucrative jobs in emerging Asia. As investment banks fold in the U.S. and hundreds loose their livelihoods, banks in India and China are lapping up wall street bankers by the dozens. Asian economies which are [...]
Growth in Industrial production (%)
Submitted by 2point6billion.com Blog
Numbers: (16,7)
Rating 3.00 out of 5
[?]
The Financial Crisis and US Foreign Policy Goals
Submitted by Experience Not Logic Blog
While listening to President George W. Bush give his speech at 7:45 this morning my email box started blowing up with some unusual emails from the State Department. Typically, my feed gets 3-5 emails a day. The typical subjects are new country notes, the daily press conference, and some new [...]
Shanghai Airlines to fly Shanghai-Mumbai
Submitted by 2point6billion.com Blog
Shanghai Airlines will be the new plane on the block to fly direct between Asian economic behemoths Shanghai and Mumbai. Official sources say that the airline which will start plying between the two cities from the 29th of October, will fly twice a week on Wednesdays and Saturdays. In order to boost [...]
China and the Markets (Basically, Some Links)
Submitted by Experience Not Logic Blog
Friend and loyal reader Chuck Billinger suggested I post something about the Shanghai Stock Exchange’s decline over the past year, particularly in relation to this week’s continued slide and the financial trouble on Wall Street. Chuck, I’m sorry, but I feel woefully inadequate in jumping into this inquiry. Sure, this [...]
Thailand elects fourth prime minister in two years
Submitted by 2point6billion.com Blog
Thailand’s recent politics seems to have had even more drama than a Bollywood flick packed with thrills, chills and thrusts.
In a recent twist in Thailand’s politics, ousted prime minister Thaksin Shinawatra’s brother-in-law has been elected as the country’s fourth prime minister in two years. The election comes after the country declared emergency [...]
Lehman Bros send Asian markets in a tailspin
Submitted by 2point6billion.com Blog
The fallout from the collapse of Lehman Brothers caused panicked selling of banking shares on Tuesday throughout Asia, where many of the failed American company’s biggest creditors are based. Even as analysts and bankers said the effects of Lehman’s failure on Asian financial markets would be limited, the 158 year old investment [...]
Why the %$#@ is Melamine Added to Food?!?
Submitted by Experience Not Logic Blog
Many know why, but I’m concerned that there are plenty more who don’t keep reading below the fold (or the headline).
I subscribe to the good ‘ole theory that humans are fundamentally concerned about their own self-preservation, but that evolution has shaped our society such that self-preservation is best achieved through [...]
