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The World as a Fishbowl
Keywords:
The author Li Congjun, is head of the Xinhua News agency, official press agency of the People's Republic of China. He calls for rebalancing the global economy with China depending more on domestic consumption, efforts to restrain the excesses of property and asset price bubbles, and renewed focus on technology and investment.
China wage increases and government policy to promote domestic consumption.
01/05/2008
Wage increases of 20% at Hon Hai and upto 100% at Honda factories in China from wages that were kept low for the export market, are now the trend in China. The government policy is shifting to encourage such wage increases to promote domestic consumption and reduce an overreliance on export markets for growth. This is happening just as trade tensions are increasing with the USA.
Grouped Articles
Beijing Signals a Shift on Economic Policy
New York Times 05/24/2013
Honda's Long-Haul Dilemma in China
Wall Street Journal 06/24/2010
Interview With Japan Foreign Minister Katsuya Okada
Wall Street Journal 09/02/2010
Yuan's Rise Hurts China's Exporters
Wall Street Journal 01/20/2014
China Will Keep Growing. Just Ask the Soviets.
New York Times 10/24/2014
Adidos and Hotwind? In China, Brands Evoke Foreign Names, Even if They’re Gibberish
New York Times 12/26/2014
Changes in China's factories in 2010-2013. Changing manufacturing.
01/05/2008
Conditions at Hon Hai and a strike at Honda are part of a changing picture of worker dissatisfaction with wages and discipline at Chinese factories. The period of low prices and worker discipline of the kind that prevailed for several decades of industrialization appears to be closing. The Chinese government is also having second thoughts as America and Europe are no longer the growing markets they used to be, and as it weighs a policy shift to domestic consumption.
Grouped Articles
China: A Billion Strong but Short on Workers
Wall Street Journal 05/02/2013
China Manufacturers Survive by Moving to Asian Neighbors
Wall Street Journal 05/02/2013
China Factories Try Karaoke, Speed Dating to Keep Workers
Wall Street Journal 05/03/2013
Strains Show in China's Job Market
Wall Street Journal 06/11/2013
Wall Street Journal 12/21/2011
Unrest May Signal New Phase in China Economy
New York Times 05/29/2010
Roubini on China, currency issues, and domestic consumption in China.
05/17/2010
By letting the yuan China can shift the benefits to households, who will have more purchasing power, and reverse the shift that has taken place in the last 10 years, with domestic consumption making up about 36% of GDP- down by about 10 points from ten years earlier. State owned companies gained at the expense of households, as did infrastructure spending, but it is leading to misallocation of investments and hurting households. As a result China will hit a growth wall in the next 2-3 years, says Roubini.
Grouped Articles
Wall Street Journal 10/04/2011
Europeâs Debt Crisis Is Casting a Shadow Over China
New York Times 05/17/2010
An Accord (and Lessons) to Remember
Wall Street Journal 09/21/2010
New York Times 09/30/2010
Yuan Revaluation for China's Own Sake
Wall Street Journal 10/02/2010
New York Times 09/25/2010
Levels of U.S. imports and the rebalancing of the economies of the U.S. and China
12/11/2010
Grouped Articles
Cities Adapt With Mixed Results
Wall Street Journal 09/27/2011
Wall Street Journal 07/15/2013
New York Times 12/18/2011
U.S. Trade Gap Widens on Surging Imports
Wall Street Journal 05/06/2015
Dollar’s Rise Lifts Imports and Widens Trade Gap
New York Times 05/05/2015
Asian economies: Importing pessimism
Economist 12/11/2010
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.
Grouped Articles
Wall Street Journal 07/15/2013
New York Times 12/18/2011
Economist 03/31/2010
Fixing a Perception Gap for the Underappreciated G-20
Wall Street Journal 08/27/2013
US-China trade relations: Speak less softly, carry a stick
Economist 09/25/2010
Adidos and Hotwind? In China, Brands Evoke Foreign Names, Even if They’re Gibberish
New York Times 12/26/2014
Chimerica as economic monster and the 10-10 deal, 10% growth in China and 10% unemployment in the USA.
11/16/2009
Niall Ferguson at Harvard and Moritz Schularick of the Free University of Berlin say giving a peaceful death to this monster is long overdue. Krugman also calls this a world out of balance on the pages of the NYT, November 16, 2009.
Grouped Articles
China Will Keep Growing. Just Ask the Soviets.
New York Times 10/24/2014
Apple Says App Store Sales Rose 50% in 2014
Wall Street Journal 01/09/2015
New York Times 11/16/2009
New York Times 11/16/2009
China and the American Jobs Machine
Wall Street Journal 11/17/2009
Why the Chinese don’t spend : The New Yorker
New Yorker 01/04/2010
China's real estate bubble and risks of a hard landing in 2012-2014
01/14/2010
Decline in housing prices in China and the impact on retail sales and the economy.
Grouped Articles
Global property markets: Boom and gloom
Economist 05/27/2013
China’s Economic Problems Unlike Those Elsewhere
New York Times 05/28/2013
Buyers Dodge Homeowner Limits in China
Wall Street Journal 07/03/2013
Central Bankers Hone Tools to Pop Bubbles
Wall Street Journal 07/08/2013
I.M.F. Tells China of Urgent Need for Economic Change
New York Times 07/17/2013
BusinessWeek 04/14/2010
Changes in China's export driven economy
11/08/2007
China's policymakers are shifting the economy from a manufacturer of low cost goods by increasing worker protections, wages and environmental controls towards more innovation and technology added product which are made respecting workers and the environment. Inflation and the stronger yuan are speeding up this shift.
Grouped Articles
China Manufacturers Survive by Moving to Asian Neighbors
Wall Street Journal 05/02/2013
China Factories Try Karaoke, Speed Dating to Keep Workers
Wall Street Journal 05/03/2013
Wall Street Journal 05/29/2010
How China Lost Its Mojo: One Town's Story
Wall Street Journal 09/16/2013
Robots May Revolutionize China's Electronics Manufacturing
Wall Street Journal 09/24/2013
Yuan's Rise Hurts China's Exporters
Wall Street Journal 01/20/2014
Bubbles developing in many countries in 2010-2013
01/17/2009
China being the largest bubble developing in mid 2010. The other bubbles developing in Brazil, Canada, India, and Australia.
Grouped Articles
Central Bankers Hone Tools to Pop Bubbles
Wall Street Journal 07/08/2013
Mom-and-Pop Investors Bolt Emerging Markets
Wall Street Journal 08/22/2013
New York Times 08/22/2013
Recognizing Bubbles But Still Cautious About Deflating Them
New York Times 09/10/2014
Canada Grapples With Housing Bubble Risk
Wall Street Journal 01/20/2016
Where Will the Next Financial Bubble Be?
BusinessWeek 05/06/2010
China's looming asset price bubble in late 2009.
01/17/2009
The role of the yuan pegged to the dollar in all this. The need for action to let the currency appreciate now rather than later.
Grouped Articles
Central Bankers Hone Tools to Pop Bubbles
Wall Street Journal 07/08/2013
Fixing a Perception Gap for the Underappreciated G-20
Wall Street Journal 08/27/2013
An Accord (and Lessons) to Remember
Wall Street Journal 09/21/2010
Economist 10/08/2009
Economist 10/08/2009
Three Hurdles for China in the Year of the Tiger
New York Times 12/30/2009
Risks in 2013-2014 from the bubble in China's housing prices
04/14/2010
Grouped Articles
China’s Economic Problems Unlike Those Elsewhere
New York Times 05/28/2013
Buyers Dodge Homeowner Limits in China
Wall Street Journal 07/03/2013
Central Bankers Hone Tools to Pop Bubbles
Wall Street Journal 07/08/2013
I.M.F. Tells China of Urgent Need for Economic Change
New York Times 07/17/2013
BusinessWeek 04/14/2010
In China, Sobering Signs of Slower Growth
New York Times 03/05/2012
China's new Five Year Plan.
10/14/2010
Efforts to increase domestic consumption and to build a social safety net.
Grouped Articles
Leaping Forward, China May Grow More Slowly
BusinessWeek 10/14/2010
Chinaâs New Economic Plan Focuses on Raising Standards of Living
New York Times 03/04/2011
Canada's Carney, Ahead of G-20, Presses China and Europe to Step Up
Wall Street Journal 02/25/2012
New York Times 07/17/2012
Low interest rates as a tax on savers in China and Chinese households
03/07/2011
With higher inflation and low interest rates in China, Chinese households earn a negative interest rate on their savings. This does not help to rebalance the economy, or promote domestic consumption. Policies are vague about rates at the 2011 People's Congress.
Grouped Articles
Low Rates for Savers Are Reason for Complaint - Fair Game
New York Times 03/03/2012
Wall Street Journal 08/25/2015
Beijing Can't Have it Both Ways
Wall Street Journal 03/07/2011
China's Economy Faces Three Contradictions
Wall Street Journal 06/16/2011
Post-Stimulus: Who Pays for China's Bad Loans?
Wall Street Journal 06/23/2011
China Urged to Continue Reforms for Growth
New York Times 02/23/2012
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.
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
Robert Lighthizer and other experts call for trade and globalization practices that work for the U.S.
01/06/2010
The failure of the establishment of both parties in the USA to take action in the face of the loss of 5.6 million jobs in the last decade, with $4.3 trillion in trade imbalances. An issue which resonates with voters in the US and could lead to a fundamental realignent of American attitudes to globalization and free trade. The feeling that the free-trade deck is stacked against the USA by Asian countries. China's efforts to keep the yuan dollar exchange rate at levels that favor exports. China's accumulation of over $3 trillion in dollar reserves that are parked mostly in Treasury's that keep U.S. interests low. Distortons in the global economy from the failure to rebalance the world economy hurts China and the U.S.
Grouped Articles
Wall Street Journal 10/04/2011
US-China trade relations: Speak less softly, carry a stick
Economist 09/25/2010
New York Times 09/30/2010
Wall Street Journal 10/02/2010
The Engine That Pulled Us Out of Recession
Wall Street Journal 03/19/2015
What’s Our Duty to the People Globalization Leaves Behind?
New York Times 01/26/2016
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.
Grouped Articles
Beijing Signals a Shift on Economic Policy
New York Times 05/24/2013
Wall Street Journal 07/01/2013
The Slowing of Two Economic Giants
New York Times 07/14/2013
Wall Street Journal 07/15/2013
Wall Street Journal 03/29/2010
Fixing a Perception Gap for the Underappreciated G-20
Wall Street Journal 08/27/2013
China's policy shift to a less export dependent economy.
05/29/2010
Grouped Articles
How China Lost Its Mojo: One Town's Story
Wall Street Journal 09/16/2013
Yuan's Rise Hurts China's Exporters
Wall Street Journal 01/20/2014
Unrest May Signal New Phase in China Economy
New York Times 05/29/2010
U.S. Apparel Retailers Turn Their Gaze Beyond China
Wall Street Journal 06/15/2010
Gadget Giant's Evolution: Make, Then Sell
Wall Street Journal 08/21/2010
Yuan Revaluation for China's Own Sake
Wall Street Journal 10/02/2010
The economy of China in 2010-2012
12/30/2009
Hazards and prospects.
Grouped Articles
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
Wall Street Journal 01/06/2010
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
2010 high Inflation and asset price bubbles in in India and China, and low or no inflation in Europe, Japan and the USA.
01/14/2010
Wide divergence in conditions and the prospects of tightening credit in Asia affecting export prospects of the USA which depends on exports for half the growth generated in 2009 and early 2010 according to Commerce Department figures.
Grouped Articles
Japanese Economic Data Give Abe a Lift
Wall Street Journal 06/10/2013
Central Bankers Hone Tools to Pop Bubbles
Wall Street Journal 07/08/2013
India's Central Banker Lobbies Fed
Wall Street Journal 10/13/2013
Staying Away from Indian Bonds
Wall Street Journal 12/18/2013
Corrosive Inflation Eats at Developing World
Wall Street Journal 02/11/2014
Japan and China: Edging closer
Economist 10/06/2014
China's efforts to control the bubble in housing prices 2011-2014 and homebuyer efforts to evade restrictions
04/14/2010
Grouped Articles
China’s Economic Problems Unlike Those Elsewhere
New York Times 05/28/2013
Buyers Dodge Homeowner Limits in China
Wall Street Journal 07/03/2013
Central Bankers Hone Tools to Pop Bubbles
Wall Street Journal 07/08/2013
BusinessWeek 04/14/2010
Compelling Signs the Chinese Property Boom Is Over
Wall Street Journal 03/19/2014
Hard to Construct a Case for China Property Rebuild
Wall Street Journal 04/04/2014
Growing Risks for the Chinese Economy going into 2010-2014
01/14/2010
One is a concern that China may like Japan in the 1980's is getting into a property and asset price bubble after aperiod of rapid industrialization and shifting of rural population to the cities. The risks of an overheating economy were growing with a 22% jump in a broad measure of money supply in March 2010.
Grouped Articles
Wall Street Journal 07/01/2013
I.M.F. Tells China of Urgent Need for Economic Change
New York Times 07/17/2013
Economist 01/14/2010
BusinessWeek 04/14/2010
Fear Pervades China's Stocks As Market's Gains Disappear
Wall Street Journal 05/13/2010
Europeâs Debt Crisis Is Casting a Shadow Over China
New York Times 05/17/2010
Calls for a shift in economic policy within China
07/17/2012
Linked Articles
Wall Street Journal 10/03/2012
New York Times 07/17/2012
Renewed warnings in 2013-2014 for the housing price bubble in China (2)- from the editors of Xinhua news agency and The Washington Post
12/24/2011
Linked Articles
New York Times 07/17/2012
We all have a stake in China’s real estate bubble - The Washington Post
Washington Post 12/24/2011
China and rebalancing the global economy
03/06/2012
Major shifts in the Chinese economy that are planned for 2013-2018.
Linked Articles
New York Times 07/17/2012
China Speeds Economic 'Transformation'
Wall Street Journal 03/06/2012
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