Twice last week China´s stock markets were forced to stop trading, sending panic signals across the globe. That drove even economist Arthur Kroeber to despair, writes the Washington Post. China´s financial authorities did not learn their lessons from last year´s disaster, he writes.
China´s stocks caused a rough opening of 2016 as they dropped dramatically. Economist Arthur Kroeber expects the volatility to continue for a few months, as the government is slowly withdrawing its support, moving awaya from artificially higher values, he tells Globe&Mail.
eform, and especially financial reform is slowly taking off in China. But the main questions is, writes political analyst Arthur Kroeber in ChinaFile, whether the government will allow fundamental changes in its economy, including competition.
Details about the new 5-year plan start to emerge. But political analyst Arthur Kroeber does not see a strongman Xi Jinping pushing ahead with reforms, rather the contrary, he tells Bloomberg. The inability to abandon population control all together showsthat, he says.
You take the same economic data on China´s economy, and some economists sees doom and gloom, and others hope and glory. We are actually looking at the wrong data, says economist Arthur Kroeber, and the right ones are not available, he tells CNBC.
The Trans-Pacific Partnership (TPP), the largest trade accord in history is a big deal, agrees economist Arthur Kroeber in a discussion at ChinaFile. But he does not this TPP will help as a tool to stem China´s influence in the region, one of its targets.
The badly handled crisis at the stock markets and the unfortunate devaluation of China´s currency are still casting shadows on the country´s financial future, says economist Arthur Kroeber at CNBC. At this stage it is very unclear whether the central government has the capability to handle needed financial reforms.
While at the beginning of his tenure, market forces popped up regularly in the official parlance, by now it is clear that centralized power is key for president Xi Jinping, with markets at a second place at best, says economist Arthur Kroeber in the New York Times.
While the word ´recession´ is seldom used in China, many industries and region are facing rough times, now the country´s economy is in the middle of a transition into a new economy, tells economist Arthur Kroeber at NPR.