China’s budget planners have a history of wildly underestimating revenue growth, usually making actual net spending by the government far less supportive to the economy than originally planned. The proliferation of fines and fees not included in the main …
5th March 2012
Property developers in China are facing a grim year ahead, with a likely slump in project starts set to drag on broader economic growth. The sector should nonetheless be able to avoid a collapse thanks to support from government-mandated affordable …
7th October 2011
China has room to stimulate demand in the event of a slump in growth and could also play a role in stabilising global markets. But there is less space for a major stimulus today than in 2008. As then, the immediate beneficiaries of any new spending would …
17th August 2011
China is seeking to rein in bank lending and hold to a conservative fiscal stance while maintaining rapid economic growth. It cannot do all three. … China’s impossible …
27th July 2010
We find it increasingly hard to recognise the inflation-ridden, bubble-filled China that we read about in the newspapers. Popular consensus seems to be settling on the view that China is overheating. We disagree. In the interests of outlining why, we list …
16th March 2010
There are many parallels between the current lending boom in China and that in the late-1980s which brought down Japan’s economy. But there are several reasons to think China will avoid the same fate. Many investors have noted similarities between China’s …
18th November 2009
The ongoing ethnic violence in China’s Xinjiang province has far more in common with last year’s unrest in Tibet than the Tiananmen Square demonstrations two decades ago. Investors will shrug it off, but should also remember that the last 20 years of …
7th July 2009
