China’s Economic Transition
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China to Put GDP Target
Below 8 Pct in 2012-Govt Economist
(Reuters, Jan. 6, 2012) China’s leadership is
targeting growth of less than 8 percent in 2012 a senior government researcher wrote in the
People’s Daily.
China to Balance ‘Quick’
Growth with Inflation in 2012, Hu Says
(Bloomberg, Dec. 31, 2011) China
will balance “relatively quick” economic growth with inflation in 2012, amid
rising uncertainty about the world economic recovery, President Hu Jintao said in a speech.
World Bank Chief Affirms
China’s Rebalancing
(AFP, Sep. 6, 2011) The head of the World Bank
urged China to rebalance its export-driven economy and said taming rising
inflation remained the most important challenge for the country in the short
term.
China Reports Nation’s First
Quarterly Trade Deficit in 7 Years
(Bloomberg, Apr. 10, 2011) China’s first
quarterly trade deficit in seven years may ease pressure on the world’s
biggest exporter to allow faster appreciation of the yuan.
China’s Surprise Trade
Deficit May Help Nation Parry U.S. Yuan Criticism (Bloomberg, Mar. 10, 2011) China’s efforts to parry U.S.
criticism that its currency is undervalued got a boost from a report showing
the world’s second-largest economy unexpectedly posted a $7.3 billion trade
deficit.
China to Open Up Yuan
Cautiously, Boost Trade
(Reuters, Jan. 27, 2011) China will carefully open up its yuan to more trading based on market needs and plans to
double its level of imports in five years, its commerce minister said.
China to Strengthen Local
Demand in Five-Year Plan, Goldman Says (Bloomberg,
Oct. 8, 2010) China’s policies over the next five years will focus on boosting
domestic consumption and investment to offset an expected slower pace of
growth in the global economy that will hurt demand for its goods, according
to Goldman Sachs Group Inc.
China Vows to Increase
Foreign Imports: Report
(AFP,
Sep. 6, 2010) China has
vowed to make it easier to import goods into its huge market as Beijing seeks to address
controversial trade surpluses with its trading partners, a report said.
China Sees First Trade
Deficit in Years
(New York Times, Apr. 10, 2010) China announced
on Saturday that it had a trade deficit of $7.24 billion last month, its
first monthly trade deficit in nearly six years.
China Trade Surplus Falls As
Import Surge Aids World
(Bloomberg, Mar. 10, 2010) China’s trade surplus
shrank to the lowest level in a year in February as a surge in imports
signaled the nation may start to outshine the U.S. as a destination for the
world’s goods.
China in 2012: Political
Challenges in China’s Economic Governance By Willy Lam (China Breif 12(2), Jamestown
Foundation, Jan. 20, 2012) Despite the obsession with stability and the
penchant for sticking with time-tested means to re-inflate the economy, this
year could be a watershed in the Chinese Communist Party (CCP)
administration’s long-standing effort to restructure the economy.
FDI Focus Continues to Shift
By Ding Qingfen
(China Daily, Jan. 27, 2012) Chinese officials
believe that the structure of China's FDI is changing with a move away from
low-end manufacturing toward those sectors that could help China transform
its economic growth model, including services, high-tech, new-energy and
high-end manufacturing.
Why the Chinese Save
By Sheldon Garon
(Foreign Policy, Jan. 19, 2012) Contrary to
conventional wisdom, China’s
high savings rate has everything to do with policy and institutions. Culture,
not so much.
Eight Questions: Nick Lardy,
‘Sustaining China’s Economic Growth’ By Tom Orlik (China Real Time Report, Jan. 16, 2012) Mr. Lardy’s new book, “Sustaining China’s Economic Growth
after the Global Financial Crisis,” takes a detailed look at the causes and
remedies of the imbalances in the world’s second largest economy.
Will China Break? By Paul Krugman
(New York Times, Dec. 19, 2011) China is emerging as another
danger spot in a world economy that really, really doesn’t need this right
now.
Rodrik: Don’t Count on
China, Other Emerging Markets Taking Over By Michael S. Derby (China
Realtime Report, Aug. 29, 2011) Rodrik
also said if China does what nations like the U.S. want and boost domestic
growth and rely less on exports, growth there could slow.
China Faces Obstacles in Bid
to Rebalance Its Economy By Edward Wong (New York Times, Aug. 25, 2011) China has incentives to
change its model: its economic policies contribute to wasted resources, vast
social inequality and a soaring inflation, which leaders fear will fuel
social instability.
Slowdown in China Is
Imminent By Barry Eichengreen
(Project Syndicate, Mar. 12, 2011) Are China’s
leaders again underestimating their economy’s growth capacity? Or might their
forecasts of slower growth just be another Machiavellian ploy to deflect
foreign pressure to revalue the yuan? There is reason to think
not.
As China Rolls Ahead, Fear
Follows By David Barboza
(New York Times, Dec. 13, 2010) A growing
number of economists now worry that China could be stalled next year
by soaring inflation, mounting government debt and asset bubbles.
China Shifts Away from
Low-Cost Factories By David Barboza
(New York Times, Sep. 16, 2010) Companies in China’s
industrial heartland are toiling to reinvent their businesses, fearing that
the low-cost manufacturing that helped propel the nation’s economic ascent is
fast becoming obsolete.
How Serious Is the Chinese
Challenge? Part II By Markus Jaeger
(YaleGlobal, Jul. 15,
2010) Greater economic power will shift China’s
way once it adopts a flexible currency and reduces dependence on US markets
relative to US
dependence on Chinese markets.
China Hopes Social Safety
Net Will Push Its Citizens to Consume More, Save Less By
Keith B. Richburg (Washington Post, Jul. 14, 2010) The
country's leaders want to persuade Chinese citizens to spend more and save
less, a goal that analysts say could be achieved if the government provided a
safety net.
Chinese Factories Now
Compete to Woo Laborers By Andrew Jacobs (New York Times, Jul. 13, 2010) In recent months, as the
country’s export-driven juggernaut has been revived and many migrants have
found jobs closer to home, the balance of power in places like Zhongshan has shifted, forcing employers to compete for
new workers — and to prevent seasoned ones from defecting to sweeter
prospects.
Why China Is Putting the
Brakes on Export-Driven Growth
By Darius Dale (Fortune, Jul. 9, 2010) Over the past several weeks, China
has taken a number of steps to increase its citizenry's purchasing power --
none arriving with more fanfare than the de-pegging of the yuan.
China Takes Hands-off
Approach to Labor Strikes By Tini Tran
(AP, Jun. 25, 2010) Boosting wages fits in with
Beijing's strategy of closing the income gap and promoting more equal growth
in coming years, said an analyst at the Chinese Academy of Social Sciences'
Institute of Political Science in Beijing.
China’s Export Economy
Begins Turning Inward By Edward Wong
(New York Times, Jun. 25, 2010) Chinese officials
now see the millions of poor workers as the linchpin of China’s move away from a lopsided
economic model that relies too heavily on foreign consumption.
In China, Unrest Spreads As
More Workers Rally By Keith B. Richburg (Washington
Post, Jun. 11, 2010) A series of labor strikes continued to spread across
parts of China, as newly emboldened workers pressed for higher wages and
better conditions.
Power Grows for Striking
Chinese Workers By David Barboza and Hiroko Tabuchi (New York Times, Jun.
9, 2010) After years of focusing on luring foreign investment, Chinese
government officials are now endorsing efforts to improve conditions for
workers and raise salaries. But analysts say wage pressure is also coming
from labor shortages in coastal cities.
Labor Unrest in China
Reflects Changing Demographics, More Awareness of Rights By
Keith B. Richburg (Washington
Post, Jun. 7, 2010) Shifting demographics, including years of effective
population control through the government's "one child" policy,
have left China
short of younger workers.
Foreign Companies Chafe at
China’s Restrictions By Keith Bradsher (New York Times, May
17, 2010) China has filed more than a dozen trade cases to limit imports,
imposed a series of “buy Chinese” measures and limited exports of some
minerals to force multinationals to move factories to China.
Google and China’s Changing
Economic Paradigm By Gordon G. Chang (China Brief
10(7), Jamestown Foundation, Apr. 1, 2010) So far, we are seeing a spiteful
response from an angry government. And a government that will go to great
lengths to make sure the Chinese market is reserved for Chinese competitors.
Google’s recent troubles show us that Beijing
has a new economic paradigm, and it is not a good one.
Trial of American Puts
Spotlight on the Business of ‘State Secret’ in China By
Ariana Eunjung Cha (Washington Post, Mar. 4, 2010) Company executives, trade groups
and diplomats said Xue's case and two similar ones
appear to be part of a broader effort by China over the past few years to use
everything at its disposal to promote its own "national champions."
China, Defying Global Slump,
Faces a Labor Shortage By Keith Bradsher (New York Times,
Feb. 27, 2010) Just a year after laying off millions of factory workers,
China is facing an increasingly acute labor shortage.
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