Mar 31st, 2009
“Village schools could end up with no teachers if regulators raise the recruitment standards too high. You will immediately understand that this action is leading you down a blind alley when you visit any of the 100,000 shabby village schools deep in the mountains.Qualified candidates that do pass the tough examination are very likely [...]
Mar 24th, 2009
Beijing music and art Things have been so busy that I haven’t been posting as much as I would like – buy cialis in the uk. Besides my increased writing commitments and the constant barrage of news, I would like to mention that over the past weekend we completed the second annual festival of experimental [...]
Mar 17th, 2009
The market (or at least that part of the market that obsesses over balance of payment flows) has been swept with rumors today that foreign exchange reserves were down in January by $30 billion. My experience with these sorts of rumors is that they tend to be fairly accurate cheapest cialis online, and I suspect they [...]
Mar 16th, 2009
Replenishing bank capital One of the students in Peking University’s Guanghua Students Monetary Policy Committee, a group for which I am an advisor, put together last week a summary of plans to raise capital adequacy ratios for Chinese banks. I thought it would be useful to reproduce his numbers. According to him, Shenzhen Development Bank, [...]
Mar 11th, 2009
Deflation and debt On Monday CPI and PPI numbers for February came out – cialis cod. Cialis cod: cpi was down 1.6% year and year and PPI was down 4.5%, in line with or slightly below expectations and, according to Bloomberg, the highest rate of deflation among the 78 countries they follow. Some of this [...]
Mar 9th, 2009
One of my blog readers cheapest cialis uk, Kalasend, responded to Thursday’s entry by asking about the composition of US-Chinese trade, and I think the question is interesting enough to be discussed in a separate entry, rather than in the comments section. In his response he pointed out that “China’s exports are mostly light manufacturing [...]
Mar 5th, 2009
Strangely enough I think I am among the least disappointed people about Premier Wen’s speech this morning during the opening of the National People’s Congress. Like most people I think there was very little of substance in the speech except the usual statements about boosting consumption cheapest online cialis, maintaining growth, and promoting social welfare [...]
Mar 3rd, 2009
With the tense start of China’s parliamentary season this afternoon – and with the National People’s Congress meeting Thursday – there isn’t much incentive to try to figure anything new out in China since we are likely to be given a lot more information and proposals over the next few days. What are the major [...]