As the US started to head into the worst part of the recession, several members of Congress tried to float legislation that would strongly encourage US citizens to buy products made in America. Most moderate thinking from the Administration and mainstream members of House and Senate killed the initi ... Read more
There is no shortage of cleverness among the bureaucrats who run China. Exports in May fell more than 26% according to the country’s custom’s agency. That rate was worse than the 22.6% decline in April. To balance the drop in exports, the Chinese government has continued to pump what it says wil ... Read more
China has the same access to World Bank and IMF financial forecasts as any other nation. Now the Internet has made nearly every document in the world accessible. The Communist central government can even read predictions in the CIA Factbook. In the last two weeks, it has become clear the th ... Read more
In the department of what else can we worry about? The WSJ suggests that Chinese banks are being pressured to take some major chances. Chinese Banks' Great Leap Backward - WSJ.com : "...risk-prevention institutions built up over the past decade are now under enormous pressure to forgo prudenc ... Read more
From Brad Setser at Follow the Money: China is starting to sound like a normal creditor country Most creditors believe that the debtor needs to take the lead in addressing their own problems. China is, apparently, no different. Brad references two article, the second, James Fallows' interview with ... Read more
Brad Setser writes: If you only read one thing on China this fall ... Make sure it is the latest World Bank China Quarterly . David Dollar, Louis Kuijs and their colleagues have outdone themselves – and in the process provided a clear assessment of the sources of China’s current slowdown ... Read more
The Telegraph is reporting China slashes interest rates as panic spreads .Factory workers surround a damaged police car during a protest outside Kai Da toy factory in Dongguan, China. Photo: REUTERS The People's Bank of China cut interest rates by more than 1pc point as the economy crumbles ... Read more
Robert Scoble, pioneer blogger, internet gadfly, and serious thinker about how technology impacts society, is visiting China. His latest post is here . Although lots of people have written about the intersection of low-cost Chinese manufacturing and internet-enabled supply chains, Scob ... Read more