Key Macroeconomic Indicators for China
Wages are rising fast in China – many economists believe that China has hit a stage in its development at which demand for labour starts to grow faster than supply, creating labour shortages and pushing up salaries. This is known as a .
Wage Inflation in the Chinese Economy
Geoff Riley FRSA has been teaching Economics for nearly thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.
It is instructive then to look at China’s global role since the financial crisis. When the western economies were on their knees in 2007-08, the rode to the rescue. Although the actions of the Beijing government were primarily motivated by self-interest – avoiding being dragged down by the crisis – they also had the effect of saving the western economies from a fate far worse.
Chinese economic reform - Wikipedia
Confronted by the near-collapse of their western markets,, which accounted for around half of Chinese exports at the time, China embarked on a huge programme to boost domestic demand and offset the loss in demand for their exports. It worked. The Chinese growth rate continued to expand at around 10% and thereby provided a major boost to the global economy.
Economy of China China's socialist ..
The bears, it goes without saying, have a dreadful record. After 35 years of extraordinary economic growth, China is still growing at . True, that is lower than before, but still at a rate that dwarfs anything in the west.
China's economy is in trouble. How bad is it? - Aug. 21, …
Furthermore, following those dark days, the Chinese have allowed their currency, the renminbi, to steadily appreciate, by more than 25% against the dollar since 2005 and considerably more against most other currencies. As a result Chinese exports have become considerably less competitive and have fallen. Meanwhile its current account surplus has dropped dramatically, from 10.1% of GDP in 2007 to 2.1% last year. Imagine the effect on other economies if the opposite had happened and the renminbi had been devalued by 25%.
Aug 21, 2015 · China's economy is in trouble
he west’s bears have always well outnumbered the bulls when it comes to the Chinese economy. A is all too often seen as an intimation of impending crisis, a hard landing, consequent social instability, and perhaps the eventual collapse of the regime. Dream on.
Cornell Institute for China Economic Research
The growing importance of the Chinese economy for the health of the global economy is illustrated by the fact that America’s GDP has grown by just over 10% since 2008, while over the same period China’s has increased by about 66%.
The truth behind China's manipulated economic …
They are also deeply aware that the stimulus has served to delay the most urgent economic challenge of all: a structural shift in the Chinese economy. As a result, Beijing has found itself fighting on two very different fronts at the same time: the severe short-term problems posed by the stimulus programme and the long-term imperative of a structural shift.