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January 28, 2006

China
Another great irony of history: The Chinese Communist party is a very profitable real estate company

Max Sawicky noted that key source of recent job creation in the capitalist United States has been the US government, which itself is financed, in no small part by the People's Bank of China.  The ex-…

March 29, 2006

China
Exit Schumer and Graham, Enter Grassley and Baucus

Schumer-Graham won't be brought to a vote until September.   China's central bank governor Zhou must  be persuasive.  Maybe he plotted out where the RMB will likely be if China continues with its cur…

May 27, 2006

Emerging Markets
Have emerging markets changed more than the markets?

Is the lesson of the most recent bout of turmoil in the emerging world “emerging market economies have changed, but the markets have not”?How have emerging economies changed since 1997, the last time…

June 6, 2006

China
Yet more evidence China is an outlier

Poor countries tend to have relatively weak currencies – that is, there is a big gap between their currencies' nominal exchange rate and the exchange rate implied by “purchasing power parity.”   Or,…

June 19, 2006

China
Paging Edward Hugh: Demographics do not explain the recent rise in Chinese savings

Louis Kuijs’ latest analysis seems to suggest – based on my reading -- that three common perceptions of China are more myth than reality.     Myth one: foreign direct investment has been a big …