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China Aims to Transform a Nation of Savers Into Spenders
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Since 2004 consumer spending's share of the economy in China has fallen from 40% to 35%.
Toyota China
05/12/2005
Toyota in the Chinese auto market.
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Frankly Speaking on the great recession, the dollar and trade deficits 2009-2012
10/14/2009
Peter Morici of the University of Maryland and others express their view in 2009 on what needs to happen. The dollar Morici says needs to be devalued 40-50% against the yuan. He says that while China talks about an alternative reserve currency, it is part of the problem. And the crisis was caused by the U.S. demand that was inflated by the cheap yuan and then collapsed, says Morici.
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China's economy after the global economic crisis of 2008.
01/14/2009
Stimulus spending, surge in bank loans.
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Tax Cut Spurs 25% Rise in Chinese Auto Sales
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China Bank Airs Concern Over Loans
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The economy of China in 2010-2012
12/30/2009
Hazards and prospects.
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Three Hurdles for China in the Year of the Tiger
New York Times 12/30/2009
Why the Chinese don’t spend : The New Yorker
New Yorker 01/04/2010
China Dethrones Germany as Top Goods Exporter
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China Aims to Transform a Nation of Savers Into Spenders
Wall Street Journal 01/07/2010
China Sees Growth Engine in a Web of Fast Trains
New York Times 02/13/2010
BusinessWeek 04/14/2010
Tom Orlik on wealth distribution in China and why increasing consumer spending would require higher incomes for the lower middle class and rural households
01/07/2010
Orlik cites a study by a Chinese university which shows 10% of the households has over 80% of the wealth, and over 50% of the households have little or no savings. This suggests that there is not much room to increase consumer spending on education, healthcare, and consumer goods for these households as incomes are too low. This may account for the insecurity felt by a large majority of households about the future. It also shows that rebalancing the global economy would require rebalancing within China, reducing inequality and improving incomes for the middle class to increase consumer spending.
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Wall Street Journal 07/01/2013
The Slowing of Two Economic Giants
New York Times 07/14/2013
Wall Street Journal 07/15/2013
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Survey in China Shows a Wide Gap in Income
New York Times 07/19/2013
Wall Street Journal 11/06/2013
The World Bank and the Development Research Center (DRC) Report "China: 2030"
01/06/2008
A government Chinese think tank, the DRC, and the World Bank collaborate to write a report on the best future direction for China's economy. World Bank president Zoellick's suggestion for writing this report was endorsed by Li Keqiang, who will become the new prime minister of China.
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Beijing Signals a Shift on Economic Policy
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Fixing a Perception Gap for the Underappreciated G-20
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China's state run companies
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China Think Tank Offers Reform Wish List
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China Speeds Economic 'Transformation'
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Chinese Communist Party Faces Calls for Democracy
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China Aims to Transform a Nation of Savers Into Spenders
Wall Street Journal 01/07/2010
China-management of state-owned companies.
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China Unveils Overhaul of Bloated State Sector
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China Asks C.E.O.'s to Work for State
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Government's role in industry: The long arm of the state
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China Speeds Economic 'Transformation'
Wall Street Journal 03/06/2012
China- inflation, the currency, and economic mismanagement, the situation in 2010-2012
01/07/2010
Efforts to strengthen the currency are being resisted by export interests. Inflation is hurting consumers who are limited to earning 2.75% interest on savings, with the interest rate spread designed to help banks earn their way through bad loans made during the stimulus lending binge. A massive reallocation of resources away from consumers and towards lending to state-owned companies which create overcapacity in industries and engage in real estate speculation. Far from rebalancing the world economy this will affect internal growth in China.
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Wall Street Journal 07/15/2013
China Inflation Rises to a 19-Month High
New York Times 06/11/2010
Wall Street Journal 09/04/2010
An Accord (and Lessons) to Remember
Wall Street Journal 09/21/2010
World Bank Deletes Critical Passage on China
Wall Street Journal 07/05/2015
New York Times 01/20/2011
China's policy actions to address impact of global financial crisis 2008-2012
08/14/2008
Policy actions taken by China to address the global economic crisis's impact on Chinese growth rate including land policy for farmers and export rebates.
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Trade Losses Rise in China, Threatening Jobs
New York Times 01/14/2009
Global Trade Posts Sharp Decline
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Tax Cut Spurs 25% Rise in Chinese Auto Sales
Wall Street Journal 03/11/2009
China's Economic Torch Won't Outlast Olympics
BusinessWeek 08/14/2008
New York Times 08/24/2008
China savings.
11/30/2009
Savers in China. Consumer spending's share of the economy since 2004 has fallen from 40% to 35%.
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Wall Street Journal 08/25/2015
China's State Firms Cling to Their Cash
Wall Street Journal 11/30/2009
Why the Chinese don’t spend : The New Yorker
New Yorker 01/04/2010
China Aims to Transform a Nation of Savers Into Spenders
Wall Street Journal 01/07/2010
New York Times 12/18/2011
As China’s economy slows, real estate bubble looms - The Washington Post
Washington Post 10/03/2012
U.S.-China relations 2010-2013
01/13/2009
U.S.-China relations. Policy differences and trade relations are expected to exacerbate in 2010. The role of the U.S. as a supplicant to China in 2009 may lead to frustration and stepping back. US-China relations are tense because of continuing trade pressures and large trade deficits as China continues with its export model. Currency issues also an irritant.
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US-China trade relations: Speak less softly, carry a stick
Economist 09/25/2010
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U.S. and China Mark 30 Years of Diplomatic Ties
New York Times 01/13/2009
U.S.-China relations to face strains, experts say - washingtonpost.com
Washington Post 01/03/2010
U.S., China locked in trade disputes
Washington Post 01/04/2010
China denounces U.S. trade ruling on steel pipes
Washington Post 01/01/2010
China's Frugal Consumer
01/04/2010
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Why the Chinese don’t spend : The New Yorker
New Yorker 01/04/2010
China Aims to Transform a Nation of Savers Into Spenders
Wall Street Journal 01/07/2010
Gadget Giant's Evolution: Make, Then Sell
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U.S. poverty rate reaches 15.1 percent - The Washington Post
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Shoppers S-t-r-e-t-c-h Their Dollars: Stick to Lists, Shun the Brand Names
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The U.S., China, and 'Rebalancing' the World Economy
01/07/2010
'Rebalancing' is the idea that China will consumer more US goods and export less to the US, reducing the lopsided trade imbalance between the two countries. China's government continues its focus on exports and infrastructure in 2009-2011. China's banking system focusses on lending to state-owned companies and the system does not have the attitude, incentives or the mechanisms and experience to increase lending to consumers or small business. Experts say rebalancing is doubtful without serious changes in the banking system and government policy which are not likely.
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Economist 09/25/2010
Adidos and Hotwind? In China, Brands Evoke Foreign Names, Even if They’re Gibberish
New York Times 12/26/2014
Martin Feldstein on China's efforts to control inflation, rising real estate prices, and shift its economy away from export led growth in 2011-2013
01/06/2010
Feldstein says China has the economic problems of inflation, the effects of the large stimulus after the 2008 global financial crisis, and overdependence on exports, under control. The new five year plan gradually shifts the economy towards greater reliance on services and a shift away from export led growth. The smaller stimulus of 2012 is being guided to necessary infrastructure such as power development and towards low income housing. China has still to tackle problems with an aging population and its one-child policy, inequality and corruption in government. These will be challenges facing the new government.
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Global property markets: Boom and gloom
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China Inflation Rises to a 19-Month High
New York Times 06/11/2010
Compelling Signs the Chinese Property Boom Is Over
Wall Street Journal 03/19/2014
Chinese debt: The great hole of China
Economist 10/17/2014
China's state-owned banks
01/07/2010
Grouped Articles
China Central Bank Warns Banks on Liquidity
Wall Street Journal 06/25/2013
Credit Warnings Offer World a Peek Into Chinaâs Secretive Banks
New York Times 06/24/2013
China's Credit Levels Echo U.S. Crisis
Wall Street Journal 09/08/2013
China Think Tank Offers Reform Wish List
Wall Street Journal 10/30/2013
Chinese Banks' Divided Capital
Wall Street Journal 10/31/2013
China Banks Keep the Fees Flowing
Wall Street Journal 12/27/2013
The views of Derek Scissors and other experts on China's economic prospects after 2010.
01/07/2010
The likelihood that the economy will stall without change. The declining effect of large stimulus and fixed investment in producing growth. The interests of state-owned companies in continuing with the current system.
Grouped Articles
U.S. Stocks Shrug at China's Woes
Wall Street Journal 07/10/2013
New York Times 12/18/2011
China's banks: Great Wall Street
Economist 07/10/2010
Banyan: Afloat on a Chinese tide
Economist 09/02/2010
Xi Faces Test Over China's Local Debt
Wall Street Journal 12/31/2013
Chinese debt: The great hole of China
Economist 10/17/2014
China's policy makers make moves to make the economy less dependent on exports.
01/07/2010
Since 2004 China's consumer spending has fallen behind even more from 40% to 35% as a share of the economy. Steps to reverse this by allowig wages to increase significantly as at this Honda facory in Foshan.
Linked Articles
Unrest May Signal New Phase in China Economy
New York Times 05/29/2010
China Aims to Transform a Nation of Savers Into Spenders
Wall Street Journal 01/07/2010
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