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Keywords: China Economy, China Housing,
Bloomberg estimates show every one dollar of new credit created now yields about 17 cents in GDP growth as old polices of state led growth are no longer working. This compares to over 83 cents in 2007. Financial repression by reducing interest rates for savers is further depressing consumer spending when it is most needed to rebalance the economy towards domestic consumption.
Grouped Articles
Wall Street Journal 07/01/2013
Wall Street Journal 07/15/2013
China Think Tank Offers Reform Wish List
Wall Street Journal 10/30/2013
China Forecasts 7.6% Economic Growth in 2013
Wall Street Journal 12/27/2013
Xi Faces Test Over China's Local Debt
Wall Street Journal 12/31/2013
Beijing Should Scrap the GDP Target
Wall Street Journal 01/08/2014
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
Grouped Articles
China's Moment of Truth: Financial Reform or Growth?
Wall Street Journal 09/16/2014
China's Economy Stumbles Into Stimulus
Wall Street Journal 09/16/2014
China's Central Bank Injects $81 Billion Into Top Banks to Counter Slowdown
Wall Street Journal 09/18/2014
Reform in China: The quiet revolution
Economist 04/18/2015
China’s True Growth Is a Mystery; Economists Weigh the Clues
Wall Street Journal 04/27/2015
Devaluation Hints at China’s Rising Distress Over Economy
New York Times 08/12/2015
Grouped Articles
China’s Leaders Put the Economy on Bubble Watch
Wall Street Journal 03/07/2016
China facing full-blown banking crisis, world's top financial watchdog warns
The Telegraph 09/19/2016
China Leans on Familiar Stimulus Playbook to Hit 6.7% Growth
WSJ 01/19/2017
The Problem With China’s Economic Growth
WSJ 07/17/2017
Trade Fight With U.S. Complicates China’s Campaign to Contain Debt
WSJ 06/19/2018
Porter of the NYT cites experts who point to the high investment rates of 50% and lower household consumer spending of 35% as very different from the 35% for investment and 50% for consumer spending that happened when Japan, Tawan and South Korea got to the level of development where China is in 2015. A large part of this is because of the state driven model pursued by the Communist Party in China that puts investment by state run enterprises ahead of consumers and savers.
Grouped Articles
Political Risks May Foil Economic Reform in China
New York Times 08/25/2015
The Problem With China’s Economic Growth
WSJ 07/17/2017
China's top leaders meet in Beijing to chart the future course of the economy. Growth rate is expected to be more L shaped than V shaped as the target for growth is lowered to 6.5%. Large stimulus is ruled out. And efforts will be made to reduce industrial overcapacity, better allocation of resources away from housing to increase domestic consumption, improving access to medical care, education and other quality of life improvements.
Grouped Articles
China Unveils Economic Blueprint for 2016
Wall Street Journal 12/22/2015
Economist 01/23/2016
China’s Leaders Put the Economy on Bubble Watch
Wall Street Journal 03/07/2016
The Problem With China’s Economic Growth
WSJ 07/17/2017
Grouped Articles
As China’s Economy Slows, the Pain Hits Home
New York Times 01/29/2014
China's Central Bank Injects $81 Billion Into Top Banks to Counter Slowdown
Wall Street Journal 09/18/2014
China Lowers Growth Target to About 7%
Wall Street Journal 03/05/2015
Reform in China: The quiet revolution
Economist 04/18/2015
China’s True Growth Is a Mystery; Economists Weigh the Clues
Wall Street Journal 04/27/2015
Devaluation Hints at China’s Rising Distress Over Economy
New York Times 08/12/2015
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