Making sense out of Beijing`s recent financial direction is hard, even for veteran political and financial analyst Victor Shi. In the Wall Street Journal, he tries to give it a shot. “As with any addiction program, the first step is to admit you have a problem.”
Category Archives: debts
Journalist Ian Johnson interviews economist Arthur Kroeber, author of China’s Economy: What Everyone Needs to Know® on – among other subjects – China´s financial reforms and what has been derailing them in the New York Times. “The desire to control things has won out over the desire to reform and liberalize.”
Building more infrastructure has been a receipt for China to keep its economy growing double-digit for a long time. But that old growth model is no longer working, tells economist Arthur Kroeber, author of China’s Economy: What Everyone Needs to Know® in an interview with QZ.
The Economist reviews economist Arthur Kroeber´s book China’s Economy: What Everyone Needs to Know®, where he explores the options for China between collapse and success. “Between these extremes lies a wide expanse of “muddle-through” alternatives.”
Manufacturing is – as planned by the central government – down, but services and consumption will keep economic growth for the rest of this year at 6.4, 6.5% says business analyst James Roy to Money Control.
China´s debts level has reached record heights, but the state will continue to guarantee sovereign debts, writes financial analyst Sara Hsu. And that support is also extended to state-owned companies like Cosco and ChemChina, despite downward pressures from the rating agencies, she argues in the Diplomat.
China has been losing massive foreign assets trying to manage its unruly financial markets. Financial analyst Victor Shih believes that for Beijing, alarm bells might to off when foreign reserves go under US$3 trillion, he tells at Bloomberg. And we might be at that point fast.
Things look not well for China´s economy, say a range of economists to Bloomberg. They include political and financial analyst Victor Shih, who fear the lack of income might force China into even larger debts, as it wants the economy to keep on humming.