China’s dirty devaluation of its currency to allow it to move in value with the fall in value as the US dollar is hurting its rivals in recovering Asia, such as Japan, South Korea and Taiwan.
China economy
Kohler: Why China won’t save the world
China’s economic growth will not be a panacea to the world’s financial woes so long as it remains a largely undemocratic state, says Alan Kohler: it isn’t a consumer society, and the export dollars just aren’t there.
China signals change on monetary policy
A few hours after the monthly flood of figures showed China’s strong economic growth remained on track, the country’s central bank seems to have signalled that a change in monetary policy might be on the card.
The paper dragon: is China’s economic growth a sham?
Conventional wisdom is that China’s surging economy will pull the world out of its economic slump. But what if China’s growth is all a facade? What if the country is “cooking their books”, pumping money into manufacturing and infrastructure for which there is no actual demand?
China won’t help the tanking world economy
Don’t depend on China to pull the world economy out of the hole its now in, or to help the shy recovery in 2010; as strong as China’s current rebound and stimulus spending is, that task is simply too large.
China on track for 8% growth
More good news from China as the recovery gathers pace. The rebound in the economy, thanks to the $US585 billion stimulus package, is maturing well, with growth in the third quarter rising to an annual rate of 8.9%
Political economy: Rate hike didn’t go far enough
If a 3% interest rate is “imprudent:, 3.25% is hardly prudent. Why the Reserve bank did not hike by 50 points last month is difficult to fathom, writes Henry Thornton.
China rebound in the bag
The Chinese economy is now doing better than at any time during the past year. Will investors look at how well placed Australia is to benefit from their growth?
China, the dollar and feds’ stimulus the shape of things to come
The shaping factors for the Australian economy and business over the next year were seen yesterday: China, the strength of the Aussie dollar and the federal government’s stimulus spending produced good and bad news for some leading companies and the economy generally.
Dragon roars ahead
China isn’t shrinking away into economic oblivion with the GFC but instead now holds the title of the world’s biggest exporter. Seems the love for small crappy ‘Made in China’ trinkets by migrant workers isn’t ceasing yet.
Political economy: Stop-start fiscal policy still a worry
The US economy is struggling, while China booms. But China’s stimulus will inevitably be followed by a bust down the road, writes Henry Thornton.
Export markets feel the pain
Mixed news from our biggest export markets shows more signs the rebound in the Japanese economy is running out of steam, but the early flow of monthly figures from China suggest the rebound there remains on track.
Kohler: The recession that never was
Australia’s lack of recession is entirely due to fiscal and monetary stimulus here and in China, says Alan Kohler: China diverted a large part of its stimulus spending to stockpiling raw materials — and we were there to provide them.
Political economy: RBA will be boldly decisive
The Reserve Bank board meets tomorrow, where it will hear tales of unexpected economic strength. There are, however, a few caveats…
The new Canberra buzzword: anti-non-decoupling
The question of continued stimulus is the toughest policy call since an inexperienced and under-informed Reserve Bank and the Hawke Government tried to manage the ’80s boom.
Down, down, down as the sharemarket shakedown looms
Australian markets are lower for a second day, American markets are down, Europe is lower and Asia is off the boil, putting a lie to claims of a “rebound”.
12% off in a fortnight: China markets slump
For the second week in a row, China’s stockmarkets have refused to heed the assurances of senior officials and have fallen — more than 12% in the past fortnight.
The Dyer Index: China by numbers
A flood of data leaves us little clearer on the state of the Chinese economy: output growth rose, prices fell, retail sales went sideways and imports and exports were again down. Glenn Dyer brings some method to the madness.
Everything’s fine, honest, says China
China must be getting worried that people might be getting the wrong idea about its economic policy, since the Premier is releasing statements that no change in monetary policy will happen.
China’s “redback” set to rise
China’s renminbi could become one of the top three traded monetary units in the world by 2012, say analysts, with the country’s economy booming and the government making moves to speed up internationalisation of the currency.
Shanghai surprise spooks the market
Yesterday’s drop in the Chinese stockmarket means all eyes will be glued to it today, while Japan’s recovery is continuing, but may run out of puff.
Ask the economists: China growth to slow
A survey of 10 economists by the Wall Street Journal indicates that Sino growth is set to moderate in the next few quarters. And that’s bad news for the West.
Regulators tense as China’s bubble stretches tight
All the pieces of the next Chinese financial bubble and crash are in place.
A coming Sino revival?
China’s GDP numbers, while impressive at first glance, are just as much art as science, writes Mark Crosby.
Morning Market Report: A big day at home and abroad
The market is up 73, while the Dow shot up 256, and China’s economy expanded almost 8% in the second quarter.
