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Poverty in China: Just a little bit richer
Keywords:
Tags: China,
China's future and the experience of Japan and Mexico
05/29/2010
China devotes 3% of GDP to education compared to 5% in developed countries. The underinvestment in education and human capital can lead to stagnation in per capita incomes. This happened in Mexico. The inability to deal with bad loans in the banking system can lead to slowing economic growth. This happened in Japan. The bulldozing of schools of migrant workers reflects a failure to address balanced growth and a breakdown in assigning the right priorities.
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Mexico and China look to trade away old rivalry - The Washington Post
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China's 'Shadow Banks' Fan Debt-Bubble Fears
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China's Silver Linings Playbook
Wall Street Journal 06/24/2013
U.S. Stocks Shrug at China's Woes
Wall Street Journal 07/10/2013
The Slowing of Two Economic Giants
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Unrest May Signal New Phase in China Economy
New York Times 05/29/2010
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.
Grouped Articles
Wall Street Journal 07/01/2013
The Slowing of Two Economic Giants
New York Times 07/14/2013
Wall Street Journal 07/15/2013
New York Times 12/18/2011
Survey in China Shows a Wide Gap in Income
New York Times 07/19/2013
Wall Street Journal 11/06/2013
The problems China faces in the transition to a "middle income country" like Japan and S. Korea
02/17/2014
Nobel prize winning economist and advisor to the Chinese government provides insights into the problems China faces for higher per capita incomes of $20,000 for middle income status.
Grouped Articles
Nobel Winner’s Frank Advice to China’s Leadership
New York Times 02/17/2014
Japan’s Foreign Minister Says Apologies to Wartime Victims Will Be Upheld
New York Times 04/08/2014
Japan and China: Edging closer
Economist 10/06/2014
Poverty in China: Just a little bit richer
Economist 04/05/2015
China’s Shift Away From Industry Drains Life From a Steel Town
Wall Street Journal 09/08/2015
China Unveils Economic Blueprint for 2016
Wall Street Journal 12/22/2015
Unaffordable housing for the middle class and workers in China- Guangzhou and other parts of China in 2012
03/05/2012
Grouped Articles
In China, Sobering Signs of Slower Growth
New York Times 03/05/2012
Poverty in China: Just a little bit richer
Economist 04/05/2015
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