World News Insights
1-3 Minute Gist
Search, personalize, or simply browse. Follow the world around you from gist and context to insights.
Who we are | Our Credo | Ways of using Lyrarc | FAQ | Send Feedback | First Letter From the Editor
Sign up. It's free and easy to use
Create an account
to personalize your feed of articles and topics.
All Topics Article
China’s First-Quarter Growth Slowest in Six Years at 7%
Keywords:
Tags: Current Focus, China,
China's GDP growth rate slowed to 7% in the 1st quarter of 2015, compared to 7.3% in the 4th quarter of 2014. China's Office of National Statistics reported industrial production growth at 5.65% year over year in March 2015, and fixed asset investment in the 1st quarter at 13.5%. The statistics agency reported unemployment at stable level of 5.1% for the 1st quarter 2015. Experts say the low unemployment is the one positive sign in the economy, easing pressures on economic policymakers to take action considering the high debt levels in the economy. As a result China can pursue selective monetary easing efforts and smaller, selective, better targeted stimulus.
China's GDP growth declines to 7% in 2015
04/15/2015
Grouped Articles
China’s First-Quarter Growth Slowest in Six Years at 7%
Wall Street Journal 04/15/2015
China’s True Growth Is a Mystery; Economists Weigh the Clues
Wall Street Journal 04/27/2015
China’s Economy Not Immune to Market Sickness
Wall Street Journal 06/30/2015
Washington Post 01/27/2016
Moody’s Cuts Its China Rating for the First Time Since 1989
WSJ 05/24/2017
Trade Fight With U.S. Complicates China’s Campaign to Contain Debt
WSJ 06/19/2018
Quarterly GDP growth in China in 2015-2016
04/15/2015
Grouped Articles
China’s First-Quarter Growth Slowest in Six Years at 7%
Wall Street Journal 04/15/2015
China’s True Growth Is a Mystery; Economists Weigh the Clues
Wall Street Journal 04/27/2015
China’s Economy Not Immune to Market Sickness
Wall Street Journal 06/30/2015
China Unveils Economic Blueprint for 2016
Wall Street Journal 12/22/2015
Washington Post 01/27/2016
China’s Economy Grows 6.9%, but Warning Signs Persist
The New York Times 04/17/2017
China's big problem in 2015- 8000 local government financing vehicles running up debt even when about half of borrowing goes to rollover old loans
01/28/2015
As the debt is run up it takes more units of borrowing to create one unit of investment. Over 4 units of borrowing in 2015 compared to less than 2 units of borowing before 2007, is what it now takes to create one unit of investment, according to JP Morgan. Where this adds to the glut in building or if its just a pet project or dream of city mayors the productivity of the investment is much lower, with additional risks in borrowing. And the collateral to support it of land sales is now increasingly unreliable with developers making cuts as property markets are slowing. The central government fearing slowing growth is pushing problems down the road, say experts. The IMF estimates that local government debt will reach 56% of GDP by 2019. The danger is that this will depress China's growth to below 5-6% in coming years witht a lot of the new borrowing simply going to rollover old loans, a situation Japan faced in the 1990's when the expression zombie loans was coined. This has implications for major manufacturing exporters Germany, Japan, the U.S., and for commodity exporters Australia, Canada, Brazil, S. Africa, Chile, which may look to India, Indonesia and other developing countries for exports.
Grouped Articles
Debt That Once Boosted Its Cities Now Burdens China
Wall Street Journal 01/28/2015
China’s First-Quarter Growth Slowest in Six Years at 7%
Wall Street Journal 04/15/2015
A Warning on China Seems Prescient
New York Times 08/24/2015
China facing full-blown banking crisis, world's top financial watchdog warns
The Telegraph 09/19/2016
China’s Economy Grows 6.9%, but Warning Signs Persist
The New York Times 04/17/2017
Moody’s Cuts Its China Rating for the First Time Since 1989
WSJ 05/24/2017
We took a different way to help millions around the world build educated informed mindsets that affects and shapes their lives. For a future that is open, global and digital, with everyone having access to high quality information. We believe in the renewal of America, renewal of Europe, the renewal of India, the rest of Asia, Latin America and Africa. The renewal of our supply chains, health, education, infrastructure, as we rebuild our countries after the pandemic. Literacy and knowledge we believe cannot thrive and grow in a world of web bots, web crawlers, or AI. This requires human curiosity, human learning, and human imagination. We take as inspiration the saying- “One has to be free, and as broad as sky. One has to have a mind that is crystal clear, only then can truth shine in it.” Every contribution whether big or small is precious- in this crisis and ahead.
Support Lyrarc from as small as $1
Terms and Conditions | Copyright Policy | Privacy Policy | Contact Us