Tag Archives: world economy

Gloomy Data?

Yesterday I posted my impressions of the economy in China.  While I saw clear evidence of booming consumption in Beijing, this seems to be supported by deep inequality and a scramble for ‘grey’ (off -the-books) income rather than by broad … Continue reading

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China’s Trade DEFICIT — that’s right, deficit

Last month China had a trade deficit of $31.5 billion.  That is not a large sum, but if sustained for a year it would lead to an annual deficit of over one-third of a trillion US dollars.  The monthly deficit was China’s largest … Continue reading

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