China at economic and financial crossroads
Reforms dive deep into turbulent waters
China’s financial system may hinder reform policies and economic growth. Banks may be piling up huge loads of bad debt. A credit squeeze is the government response to bad banking practices, but that policy may hamper more all the drivers of Chinese economic growth. June’s Chinese trade data are disappointing and the surge of the yuan against the yen and the US dollar is not helping.
Chinese Market: composition and characteristics
The ambition of every company: to conquer the Chinese market
China has a huge market, both to trade with and to invest in. The figures of the balance of payments speak for themselves: imports: USD 1,817 billion. Exports: USD 2,050 billion. It is the second largest economy by size, with a per capita income of USD 9161.97. In this article we also review the main characteristics of Chinese consumers, as diverse and numerous in the country itself.
China towards a model of increased domestic consumption
The Chinese economic challenge for the next decade.
The weakness of the main Chinese export markets, combined with a model based on investment and foreign trade have generated distortions that require correction. The prescription is to turn the Chinese model towards greater reliance on domestic consumption to generate sustainable growth at high rates. Leer más
Official statistics of an economy are crucial for any country. In the case of China are very important to project the performance of the global economy, as the Asian giant is the second largest economy with a GDP (current prices USD) $ 8.227 billion in 2012 according World Bank’s data.
- Data on Chinese GDP growth in the second quarter of 2013 (until June)
The announcement that China’s economy grew by 7.5 percent per year in the three months to June was a positive surprise. Many analysts were expecting a loosest unemployment because of the weak indicators series that preceded. However, it is the less robust growth since 1990, discounting some quarters during the height of the global financial crisis. Leer más