Forbes July 16, 2012 The latest global sentiment figures reflect a slowing global economy and this is being felt in revised employment expectations as well as corporate earnings season that kicks into high gear this week with more than 80 of the S&P 500 companies sharing their results this week. China is building out its cloud infrastructure at a torrid pace, building on their great advantage in long-term low-cost electric grid that is utterly coal dominated. week I'll be in China for our second annual customer meeting.
Beyond Brics China: first global “megatrader” since the British empire China’s weak March trade numbers today rattled markets and raised new questions about both the extent of the economy’s slowdown and just how reliable any trade data ex Beijing is in itself these days, given the huge distortions seen last year due to over-invoicing. But then all of that is testament to the fact that China’s monthly trade data are, for good reason, the most closely watched of their kind in the world today. Why? Standard Chartered offers a good reason in a new report, also out today: China is the first “megatrader” the world has seen since the fall of the British empire. Continue reading »
A New Chinese Threat to the Global Economy — Weiss Money Network The world has relied on strong growth from China to prevent another financial crisis. But as Bryan Rich points out, China’s real estate bubble is about to pop and its banks are overinvested in fixed assets, posing a huge threat to the global economy. Tagged as: banking sector, Bryan rich, China, Chinese economy, Chinese inflation, Chinese interest rates, Chinese real estate, Chinese recession, commodities, commodity prices, economy, euro, Europe, European markets, financial crises, fiscal stimulus, fitch, fitch ratings, global economy, Greece, Inflation, interest rates, jim chanos, manufacturing sector, monetary policy, money and markets, money and markets tv, sovereign debt, Weiss research
Michael Pettis Michael Pettis is a senior associate in the Carnegie Asia Program based in Beijing. An expert on China’s economy, Pettis is professor of finance at Peking University’s Guanghua School of Management, where he specializes in Chinese financial markets. From 2002 to 2004, he also taught at Tsinghua University’s School of Economics and Management and, from 1992 to 2001, at Columbia University’s Graduate School of Business. He is a member of the Institute of Latin American Studies Advisory Board at Columbia University as well as the Dean’s Advisory Board at the School of Public and International Affairs. Pettis worked on Wall Street in trading, capital markets, and corporate finance since 1987, when he joined the sovereign debt trading team at Manufacturers Hanover (now JPMorgan). Most recently, from 1996 to 2001, Pettis worked at Bear Stearns, where he was managing director principal heading the Latin American capital markets and the liability management groups.
Michael Pettis Michael Pettis is a Beijing-based economic theorist and financial strategist. He is a professor of finance at Guanghua School of Management at Peking University in Beijing. He was founder and co-owner of punk-rock nightclub D22 in Beijing, which closed in January 2012.[1] ChinaBiz Surging China demand buoys US pork US pork exports will jump 23 percent or more this year because of surging demand and prices in China, the world's top consumer, according to Brett Stuart, the co-founder of farm-industry researcher Global AgriTrends. Zhejiang's SMEs quickening pace of stock listings Private enterprises in Zhejiang province, especially small and mid-sized enterprises (SMEs), are speeding up their migration to listed status, said Ernst &Young (E&Y), a leading global tax and transaction service provider. Hong Kong's liquefied petroleum gas prices to fall in August
Alphaville Elsewhere on Wednesday, - The real problem with HFT. - Summers’ inverse Say’s Law. The Shadow Banking Problem in China In-depth analysis on Credit Writedowns Pro. You are here: Economy » The Shadow Banking Problem in China Guest Author: Waiching Li Despite Chinese government’s efforts to rein in liquidity by hiking rates and raising the reserve limit to an unprecedented 21%, the consumer inflation index has risen 5.5% over the past year. That level is a three years high, according to figures released by Chinese government on Tuesday. In China, the persistence of inflation pressure has brought “shadow banking” into a topic of hot debate recently. CASS The Chinese Academy of Social Sciences (CASS) is the highest academic research organization in the fields of philosophy and social sciences as well as a national center for comprehensive studies in the People""s Republic of China. 1. Short History CASS was established in May 1977 growing out of the Department of Philosophy and Social Sciences, Chinese Academy of Sciences.
China's Market Crash — and the Man Who Saw It Coming Michael Pettis isn’t always where you expect him to be. Initially, I missed the Cassandra of China’s economy by just a few minutes when I dialed the Beijing number he provided. But I managed to reroute the call to his “operator,” who turned out to be a musician in a performance space where artists could be heard warming up in the background. Wrong number? Hardly.
The Diplomat Magazine China has made dramatic economic progress during the last five years, weathering the global financial crisis and becoming the world’s largest exporter and second largest economy, surpassing Japan. By James A. Dorn for The Diplomat November 29, 2013
Are We Prepared for a Multipolar World Economy? - Justin Yifu Lin and Mansoor Dailami Exit from comment view mode. Click to hide this space WASHINGTON, DC – At a time when the global economy is suffering from a crisis of confidence, structural imbalances, and subdued growth prospects, looking ahead ten years to predict the course of development requires careful modeling and something beyond sagacity.
The Great Rebalancing: Trade, Conflict, and the Perilous Road Ahead for the World Economy Pettis asserts that the world economy suffers from unsustainable imbalances that must be eliminated. China, Germany, Japan, and several smaller countries enjoy large current account surpluses, while the United States and many other countries run up trade deficits. Pettis applies basic macroeconomic theory to counter the common error of thinking that any single country can eliminate its imbalances on its own. In one sense, global trade is a zero-sum game: one country’s surplus is another country’s deficit. But regardless of that simple truth, Pettis has little hope that countries will be able to work together to ration-ally rebalance one another’s economies. Instead, Pettis foresees a period of reduced demand for goods and services around the world, a state of affairs that will tempt countries currently running trade deficits to protect their domestic industries at the expense of free trade.