Inverted balance sheets and doubling the financial bet

On Tuesday the National Bureau of Statistics released China’s 2014 GDP growth numbers and reported growth consistent with what the government has been widely promoting as the “new normal”. According to the preliminary estimation, the gross domestic product (GDP) of China was 63,646.3 billion yuan in 2014, an increase of 7.4 percent at comparable prices. […]

Read More…

Interview on Chinese CPI and PPI data for December

The National Bureau of Statistics released today CPI and PPI data for December 2014. People’s Daily summarizes the CPI data, which came in pretty close to market expectations: China’s consumer prices grew 2 percent in 2014 from one year earlier, well below the government’s 3.5 percent target set for the year, official data showed on […]

Read More…

Should Beijing raise subway fares?

Reuters had an article yesterday about the rumors, and I too have heard about this over the past couple of months, that Beijing will raise subway prices. This topic is pretty specific and specialized compared to what I normally write about on this blog, but because a friend asked me to discuss the topic with […]

Read More…

“…not with a bang but a whimper”

Doug, Pancoast, an American entrepreneur living in Shanghai, asked to interview me for his blog, and I agreed to do so. I think it was meant to be a brief interview, but I began to respond on a Saturday evening, while waiting for the performance at my club to begin (my office is at my […]

Read More…