We know about the potential political effects of income inequality, but what about economic growth? I can’t think of a better way to motivate policy makers.
Don’t expect any sort of consensus on China latest economic growth statistics. The situation is too complicated, and everyone has an agenda these days.
We are about to find out whether clean air and traffic reduction are more important than propping up auto sales.
Everyone’s talking about inflation, but there’s really nothing to worry about. After all, the stock market went up.
What’s more important in the long term: the size of China’s economy relative to, say, Japan’s, or the PRC’s internal consumption patterns?
I used to think that all that talk out there of China taking the place of the U.S. as global superpower was ignorant speculation. I’m beginning to rethink my position.
Inflation and economic growth have slowed slightly in China as price controls have limited the cost of many essentials and exports to the United States have weakened, the Chinese government announced Wednesday. But the latest figures, for inflation in March and for economic output in the first quarter, also showed that prices were still rising…