China’s economic growth tumbled to its lowest rate in more than three years last month. The world’s second-largest economy grew 7.4% in the three months ending in September 2012, down from the previous quarter’s 7.6%. This was the lowest growth for Beijing since the first quarter of 2009. The Chinese economy has been stumbling for months, due largely to government lending and investment controls imposed to cool an overheated economy and inflation. However, the downturn worsened sharply last year after global demand for Chinese goods plunged unexpectedly.
October 21, 2012
August 22, 2012
Becoming a global brand is exceptionally difficult. Emerging-market firms struggle with limited budgets and unlimited prejudice. Last year, GfK, a consumer-research company, found that only one-third of Americans were willing even to consider buying an Indian or Chinese car.
March 14, 2012
A recent article in the Economists, The End of Cheap China is an excellent source for students to explore Theory of the Firm and International Economic concepts and see how they are connected.
January 19, 2012
2012 is a year of the dragon, as were 2000, 1988 and the auspicious year 1976.
1976 was a year of turmoil and tremendous change in China. Both Zhou Enlai and Mao Zedong died, leaving a power vacuum. After the Gang of Four was defeated, the innocuous Hua Guofeng was head of the government as Deng Xiaoping consolidated control.
August 26, 2011
Understanding China’s new place in the global economy can help students understand a range of important concepts within Section 4, International Economics. Reasons for trade, Balance of Payments, Free Trade and Protectionism and Globalization are all relevant to China’s spectacular economic transformation.
June 10, 2011
Accusations that China manipulates it currency to ensure an undervalued RMB have been ongoing for year now. The claim is that China is motivated to do this so that its exports remain international competitive.
January 31, 2011
Currently, 2.5 billion people are in the midst of migrating within China – the majority of these are rural workers returning home from their factory jobs in the cities. February marks a time of excitement and celebration as the largest annual migration stirs lunar New Year into action.
December 23, 2010
If you have been following this blog you will have noticed that over the last month or so I have concentrated on the rare earth elements. But why?
Well, the idea beind this was inspired by an article I read in the Sunday Times on the 31st October 2010, titled, ‘China’s new tradewall’. This has also been covered on the BBC website (http://www.bbc.co.uk/news/world-asia-pacific-11581288)
September 23, 2010
In my recent post on the global resource crisis, I raised the worrying spectre of sudden collapse in the supply of vital resources such as oil and rare earth metals and the manoeuvring of nation states to protect their strategic interests – not next century, but in this decade. Oil supplies are constantly in the news and as we fill our cars, that per litre or gallon price registers quickly in our minds. However, of potentially more importance is the near monopoly of rare earth metals by China mentioned in my previous post.