The Chinese new year has only just started, and already trade tensions are ratcheting up. This is perhaps appropriate — astrologers tell us that the year of the Tiger is often a year of instability and conflict — and I suspect things will almost certainly get worse. The timing of various domestic political events in [...]
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Tags: Balance sheets, Krugman, NPC
Posted in Balance sheets, Consumption and production, Exports and imports, Trade protection • 136 Comments »
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, maintaining growth, and promoting social welfare – all easier [...]
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Tags: NPC
Posted in Economic growth, Labor and unemployment • 40 Comments »
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 [...]
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Tags: Krugman, NPC
Posted in Economic growth, Policy, Savings glut, Trade protection • 66 Comments »