Tag Archives: central planning
China’s $6.6 Trillion Toxic Loan Problem
“As long as you’re green, you’re growing. As soon as you’re ripe, you start to rot,” once remarked Ray Kroc, mastermind of the McDonald’s franchise empire. At the moment, no truer words can be spoken for China’s ripe economy. The … Continue reading
Constructive Simplicity for China’s Communist Party Plenum
The People’s Bank of China cut benchmark interest rates by 0.25 percent on Friday. This was the sixth time they’ve lowered interest rates within a year. Bank reserve requirements were also reduced by 0.5 percent. Economic growth has gradually declined … Continue reading
Give Trains a Chance
Chinese exports and imports slipped in March. According to trade data from Beijing released Wednesday, exports declined 6.6 percent from this time last year. Moreover, imports dropped 11.3 percent. If you can believe it, China’s first quarter GDP rose just … Continue reading
