As an outside observer, it’s hard not to succumb to the temptation of continuously praising China for its post-1978 economic results. Indeed, the reforms implemented by its post-1978 leaders, from Deng Xiaoping to Xi Jinping, have generated impressive economic growth in a way that past generations would have had difficulties even trying to comprehend. However,
Current Affairs
05
Jun
Jun
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China and Modern-Day (Post-Reform) Imports: From Bumpy Road to Culture-Altering Phenomenon
December of 1978 marks a momentous occasion, with China’s reforms finally giving foreign players reasonable access to its domestic market and as of 1979, major companies starting taking advantage of the fact that imports were allowed by China, with Japan’s Panasonic, the US companies IBM as well as Coca-Cola and French Pierre Cardin being among
02
Jun
Jun
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Is China’s Economy Slowing Down?
China’s 2018 GDP ended up reaching 90 trillion Yuan (slightly over $13 trillion), a 6.6% YOY growth which represents the slowest pace since 1990. For 2019, the growth rate is estimated to be in the 6% to 6.5% zone. While these percentages may seem impressive by Western standards, they are not as impressive if one
31
May
May
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China’s 2018 Economic Numbers and Outlook/Targets for 2019
After a 6.6% growth rate for 2018 (an almost three-decade low), China aims for an economic growth rate in the 6% to 6.5% zone and while this may seem less than impressive compared to the numbers of the past, it’s important to understand that the authorities are interested in transitioning to a more sustainable pace