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January 10, 2008

Emerging Markets
Shanghai, Mumbai, Dubai or goodbye. The year of reverse bailouts

Shanghai, Mumbai, Dubai doesn’t really quite work. The CIC is in Beijing, not Shanghai. Singapore has committed more funds to troubled banks than Mumbai. Abu Dhabi, Saudi Arabia and Kuwait have a …

Blog Post by Brad W. Setser Follow the Money

June 19, 2008

China
Four bits of information to help understand China a little better …

Energy use is subsidized – even though China is a net importer of energy. Even after increasing domestic gasoline prices by 17%, Chinese prices will remain below the world market price. The World …

Blog Post by Brad W. Setser Follow the Money

July 11, 2008

China
China’s June exports: still chugging along, despite all the talk to the contrary

Chinese policy makers are worried by the slowdown in y/y export growth. Never mind that 18% y/y growth during a US slowdown isn’t bad -- or that China’s monthly trade surplus topped $20 billion in …

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Blog Post by Brad W. Setser Follow the Money

July 14, 2008

Monetary Policy
The mystery deepens. China’s June reserve growth is surprisingly low.

China just indicated that its reserves reached $1808.8 billion at the end of June. That is obviously a huge sum -- it is $126.6b more than China reported at the end of March. But the increase in…

Blog Post by Brad W. Setser Follow the Money

December 10, 2008

China
Global trade is shrinking, fast

It is hard to put lipstick on a pig. China’s November trade data (a 2.2% year over year fall in exports; a 17.9% year over year fall in imports -- see Andrew Batson of the Wall Street Journal) sugge…

Global trade is shrinking, fast
Blog Post by Brad W. Setser Follow the Money