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As China Rises, Fears Grow on Whether Boom Can Endure
Keywords:
Prof. Scott Kennedy of the Research center for Chinese Politics and Business, voices concerns of experts who think that the $585 billion stimulus and the doubling of lending this year, increase in exports by a third last month, all point to an economy that is expanding too quickly. Kennedy says that no one defies economic laws, that eventually endless growth can get get you in trouble. The concern is whether the overexpansion of credit and the size of the stimulus may have led to overreaction in stimulus spending. People's Daily newspaper of China said that China's leaders are moving much faster than leaders of developed nations. But the flip side of this is that in the rush to increase spending there may be a lot of wasteful spending resulting in many bad loans a few years from now.
China Stimulus Spending and investment in infrastructure- 2008-2011
08/02/2008
China's efforts to revive its economy with a large Stimulus Spending Plan.
Grouped Articles
BusinessWeek 04/14/2010
Fixing a Perception Gap for the Underappreciated G-20
Wall Street Journal 08/27/2013
New York Times 04/03/2009
Chinese debt: The great hole of China
Economist 10/17/2014
Wall Street Journal 08/25/2015
China Lets Banks Lend 5% More This Year
Wall Street Journal 08/02/2008
China's banking system in 2010-2015
01/12/2010
The effects of the stimulus spending binge and speculative behaviours of local governments and state owned companies, on the loans made by state owned banks.
Grouped Articles
Asia Goes on a Debt Binge as Much of World Sobers Up
Wall Street Journal 05/24/2013
China's 'Shadow Banks' Fan Debt-Bubble Fears
Wall Street Journal 06/24/2013
China's Silver Linings Playbook
Wall Street Journal 06/24/2013
Wall Street Journal 06/25/2013
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 plans for a second Stimulus by accelerating investment projects in 2012-2013
01/12/2010
Grouped Articles
BusinessWeek 04/14/2010
Fixing a Perception Gap for the Underappreciated G-20
Wall Street Journal 08/27/2013
Wall Street Journal 08/25/2015
Show Me the China Stimulus Money
Wall Street Journal 05/29/2012
China’s stimulus policy means trouble down the road - The Washington Post
Washington Post 05/31/2012
In China, a New Round of Stimulus
New York Times 05/30/2012
Off-balance sheet shadow lending by Chinese banks.
01/12/2010
Even after the efforts to restrain lending in 2010 in China following heightened stimulus lending in 2009, the level of bank lending has exceeded 10.5 trillion yuan and is at the same level as 2009. This includes the lending through trusts and other mechanisms according to Fitch Ratings. This explains the inflationary pressures and property bubble.
Grouped Articles
Asia Goes on a Debt Binge as Much of World Sobers Up
Wall Street Journal 05/24/2013
China's 'Shadow Banks' Fan Debt-Bubble Fears
Wall Street Journal 06/24/2013
China's Silver Linings Playbook
Wall Street Journal 06/24/2013
Wall Street Journal 06/25/2013
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
The gap between stimulus money infrastructure spending timelines in the U.S. and China and France- 2009-2012
01/22/2009
China moved the fastest, the USA very slowly, with two different political systems and sense of crisis, and infrastructure project speed capabilities. The French also moved quickly. Of $37 billion in spending for infrastructure stimulus, about 75% will be completed in 2009. India is slow but France's experience shows democratic governments or political systems are not necessarily the cause of slow execution.
Grouped Articles
New York Times 09/06/2011
Wall Street Journal 05/29/2013
Economist 05/07/2009
France, Unlike U.S., Is Deep Into Stimulus Projects
New York Times 07/07/2009
Lots of Stimulus Money and Concerns About Where to Put It to Work
New York Times 10/23/2009
China Sees Growth Engine in a Web of Fast Trains
New York Times 02/13/2010
China's High-Speed Rail Network
01/12/2010
Grouped Articles
New York Times 09/23/2013
Beijing Orders Halt of High-Speed Rail Line
Wall Street Journal 05/20/2011
High-Speed Train Links Beijing, Shanghai
Wall Street Journal 06/29/2011
China Bullet Trains Trip on Technology
Wall Street Journal 10/03/2011
Chinese Rail Projects Grind to a Halt as Funds Dry Up
Wall Street Journal 10/20/2011
China to Slash Railway Spending
Wall Street Journal 12/24/2011
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.
Grouped Articles
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 economy after the global economic crisis of 2008.
01/14/2009
Stimulus spending, surge in bank loans.
Grouped Articles
Tax Cut Spurs 25% Rise in Chinese Auto Sales
Wall Street Journal 03/11/2009
New York Times 04/03/2009
Wall Street Journal 08/25/2015
China Bank Airs Concern Over Loans
Wall Street Journal 07/14/2009
Wall Street Journal 07/25/2009
A New U.S. Dialogue With China
Wall Street Journal 07/27/2009
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.
Grouped Articles
Global property markets: Boom and gloom
Economist 05/27/2013
New York Times 12/18/2011
Wall Street Journal 03/29/2010
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
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
The economic viability and cost for middle and lower income groups of China's high speed rail network
06/13/2006
The huge infrastructure investments -estimated at $300 billion- planned for China's high speed rail network began with a decision in 2004 and were accelerated with stimulus investments after 2008. The cost is about 555 yuan o($86) for the cheapest ticket on the 300 mile Beijing-Shanghai route or 9% of monthly disposable per capita income for urbanites. This creates questions of affordability and access for the majority of Chinese. Rail revenues will not be sufficient to pay for the investment and operation of the lines.
Grouped Articles
New York Times 09/23/2013
High-Speed Train Links Beijing, Shanghai
Wall Street Journal 06/29/2011
As China's Auto Market Booms, Leaders Clash Over Heavy Toll
Wall Street Journal 06/13/2006
Chinese Rail Projects Grind to a Halt as Funds Dry Up
Wall Street Journal 10/20/2011
China to Slash Railway Spending
Wall Street Journal 12/24/2011
China Blasts High-Speed Rail System
Wall Street Journal 12/29/2011
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