Tag Archives: Chinese economy

China cannot afford to stop housing speculation just yet

When he finishes negotiating his “deal” with China, US President Donald Trump will probably try to take credit for the country’s shrinking current account surplus with the rest of the world.

However, the fact that China’s exports are slowing is not a new phenomenon, and it is not necessarily a reason to celebrate.

Continue reading

How a ‘hard Brexit’ could burst the London housing bubble

It looks like I was right when I said the UK was heading towards a hard Brexit. And after all, why not — it’s what’s people have voted for, even though few realise what this means.

The banks are already making plans to shift some jobs out of London into other EU capitals and the French government, usually considered anti-big business, is rolling out the red carpet.

There are some who say “good riddance” to a sector where all sorts of governance scandals have dominated the headlines since the crisis and into which UK taxpayers have had to pour billions to keep it afloat.

While it is true that bank bailouts have cost the taxpayer a lot, a diminished banking sector in the city of London would almost certainly trigger a crash in house prices, which in turn could start a recession.

Continue reading

China has rich country problems, but a poor country budget

By Nuno Fernandes

This article was first published by Opalesque.com.

The recent steep slides on global stock markets have been a long time in the making. As early as two years ago, it was becoming obvious that in addition to the contraction of global demand, as well as the general increase in the relative competitiveness of other Asian countries, China’s rapid rise was coming to a screeching halt and leaving excessive debt in its wake.

Continue reading

Chinese executives more optimistic on economy: survey

Chinese executives have grown more optimistic about their country’s economic outlook, a survey by consultancy EY reveals.

Continue reading

China’s manufacturing holds up but real estate weighs

China’s manufacturing data showed the economy holding up better than some analysts had expected, but the property market is still causing problems.

Continue reading