Tags » Rebalancing

'Authentic karaoke' - the best we can hope for from the oxymoronic George Osborne

I recently attended a ‘karaoke competition’. As an occasional vocal exhibitionist, the competition struck me as incongruous – to say the least. Karaoke should never be ‘competitive’ and judgemental. 1,219 more words

Core Cities

Third-Quarter GDP Figures Underline China's Hard Slog In Rebalancing

Third-quarter GDP growth came in at 6.9%, its slowest quarterly growth since the immediate aftermath of the 2008 global financial crisis.

The outcome was one tenth of a percentage point faster than forecast by private economists and in line with the government’s official target of “about 7%,” which Prime Minister Li Keqiang has fudged even more by saying slower growth is acceptable provided sufficient new jobs were being created — the subtext being that growth won’t be allowed to slow to the point where social stability is at risk. 438 more words


China's latest refusal to fix its state-owned companies is bad news for the global economy

China’s biggest economic woe isn’t its stock market, the yuan’s value, or the size of its foreign reserves. It’s simply that Chinese companies are making way more stuff than anyone wants. 948 more words

If we don’t understand both sides of China’s balance sheet, we understand neither | Michael Pettis

From Michael Pettis’ OpEd in the Wall St Journal:

History suggests that developing countries that have experienced growth “miracles” tend to develop risky financial systems and unstable national balance sheets.

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China & HK

Public infrastructure investment & business activity in the English regions

My SPERI British Political Economy Brief on the relationship between public infrastructure investment and private sector activity.

This brief examines public spending on infrastructure investment in England and assesses its relationship with private sector business activity on a regional basis. 99 more words

George Osborne

Austerity rests on a thesis the government doesn’t believe in

Remember expansionary fiscal contraction? You don’t hear much about it today, but back in 2010 when George Osborne set out his austerity agenda, the theory underpinning it was that the private sector would expand to fill the gaps caused by public cutbacks. 109 more words

Blog Posts

Sunday Smiles

Don’t forget to start all weeks out like this!