Money and Finance
- Mall Boom Continues Despite Bubble Fears
Thanks to Will for passing this along. How many shopping malls does China need? If someone has come up with a sound answer for the retail needs of the world's most populous nation it may well have been drowned out by the construction noise from projects...
- Stan Druckenmiller On China
Found via ValueWalk. Stan Druckenmiller: The growth in credit at a time when GDP growth is slowing is a problem for China. And I think this is the 2009-11 stimulus coming back to bite. I understand that it had to be done to fund entrepreneurs and the...
- Corruption Threatens China’s Future – By Edward Chancellor
Widespread corruption at the local government level remains a threat to China’s economic development. If stories are to be believed, Chongqing’s disgraced party boss Bo Xilai even used an anti-corruption drive to put the squeeze on local business...
- Robert Huebscher Interviews Vitaliy Katsenelson
Paul Krugman wrote about China in his New York Times column last Monday. That’s a topic that you have researched closely. He said that "China’s story just sounds too much like the crack-ups we’ve already seen elsewhere," referring to the financial...
- Is China's Housing Bubble About To Burst?
In China, house prices in most cities have fallen as government policies aimed at cooling the property market start to take effect, prompting fears from some economists that the house price bubble is bursting. Martin Patience reports from Beijing where...
Money and Finance
Dateline SBS: China's Ghost Cities
Found via Mish.
Vast new cities of apartments and shops are being built across China at a rate of ten a year, but they remain almost completely uninhabited ghost towns.
It’s all part of the government’s efforts to keep the economy booming, and there are many people who would love to move in, but it’s simply too expensive for most.
Video journalist Adrian Brown wanders through malls of vacant shops, and roads lined with empty apartment buildings… 64 million apartments are said to be empty across the country and one of the few shop owners says he once didn’t sell anything for four or five days.
So are the efforts to boost the economy going to end up having the opposite effect and creating a financial crisis for China?
- Mall Boom Continues Despite Bubble Fears
Thanks to Will for passing this along. How many shopping malls does China need? If someone has come up with a sound answer for the retail needs of the world's most populous nation it may well have been drowned out by the construction noise from projects...
- Stan Druckenmiller On China
Found via ValueWalk. Stan Druckenmiller: The growth in credit at a time when GDP growth is slowing is a problem for China. And I think this is the 2009-11 stimulus coming back to bite. I understand that it had to be done to fund entrepreneurs and the...
- Corruption Threatens China’s Future – By Edward Chancellor
Widespread corruption at the local government level remains a threat to China’s economic development. If stories are to be believed, Chongqing’s disgraced party boss Bo Xilai even used an anti-corruption drive to put the squeeze on local business...
- Robert Huebscher Interviews Vitaliy Katsenelson
Paul Krugman wrote about China in his New York Times column last Monday. That’s a topic that you have researched closely. He said that "China’s story just sounds too much like the crack-ups we’ve already seen elsewhere," referring to the financial...
- Is China's Housing Bubble About To Burst?
In China, house prices in most cities have fallen as government policies aimed at cooling the property market start to take effect, prompting fears from some economists that the house price bubble is bursting. Martin Patience reports from Beijing where...