Originally published in the BusinessWeek on Jan 24, 2010 by Bernard Lo and Aki Ito
Developing countries led by China and India will supplant the American consumer as the source of “natural growth” for the global economy, according to Paul Sheard of Nomura Securities International Inc. There will be “less exuberant and robust consumption than we had in the past few years” in the U.S. because the American...
Originally published in the the New York Times on Jan 20, 2010 by Edward Wong
China announced Thursday that its gross domestic product in fourth quarter 2009 grew by 10.7 percent year-on-year, up from a revised growth rate of 9.1 percent in the third quarter. China’s economy is surging forward even as many other nations, including the United States, are still trying to punch through the global recession...
Originally published in the Goldseek on Jun 02, 2009 by Axel G. Merk
Treasury Secretary Tim Geithner’s trip to Asia has been heralded as a sales trip aimed at convincing the Chinese to keep buying U.S. Treasuries and thereby finance U.S. deficits. Such headlines are, in my humble opinion, an insult to the Chinese. Over and...
Originally published in the Forbes on May 18, 2009 by Tina Wang
China's "recovery trend has already consolidated," an official from China's top economic planning body said Monday. But the golden age for Chinese exporters is undoubtedly over. Xu Lin, head of the fiscal and financial department of the National Development and Reform Commission, addressed some economists' concerns that the country risks...
Originally published in the Associated Press on May 12, 2009 by ELAINE KURTENBACH
China's exports slumped for the sixth straight month amid warnings that weak overseas demand was hindering a recovery, even as government spending helped boost factory investment. The 22.6 percent drop in exports in April from a year earlier, to $91.9 billion, was bigger than March's 17 percent drop and larger than forecasts. It suggests China's trade sector has seen scant relief from the prolonged drought in demand brought on by the global downturn...
Originally published in the The Business Journal of Milwaukee on Apr 22, 2009 by Greg Barr
Partly due to pent-up demand from cautious consumers, the United States will be one of the first countries to set the pace when the economy begins to recover in late 2009, according to a new report.
The report, issued Tuesday by IHS Global Insight economists Nariman Behravesh and Sara Johnson, suggests that the pace of economic decline experienced since late 2007 is expected to moderate...
