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Macroeconomic Effects of China’s Financial Policies

November 12, 2018 Bilal 0

Macroeconomic Effects of China’s Financial Policies https://ift.tt/2JQtr45 Macroeconomic Effects of China’s Financial Policies NBER Working Paper No. 25222 Issued in November 2018 NBER Program(s):Development Economics, Economic Fluctuations and Growth, Monetary Economics The Chinese economy has undergone three major phases: the 1978-1997 period marked as the SOE-led economy, the 1998-2015 phase as the investment-driven economy, and the new normal economy since 2016. All three economies have been shaped by the government’s financial policies, defined as a set of credit policy, monetary policy, and regulatory policy. We analyze the macroeconomic effects of these financial policies throughout the three phases and provide the […]

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IMF Fiscal Monitor: Managing Public Wealth, October 2018

October 16, 2018 Bilal 0

IMF Fiscal Monitor: Managing Public Wealth, October 2018 https://ift.tt/2pDJSHV Back to Top Managing Public Wealth Public sector balance sheets bring together the entirety of what the state owns and owes, offering a broader fiscal picture beyond debt and deficits. Once governments understand the size and nature of public assets, they can start managing them more effectively, raising considerable additional revenue. Also, public sector balance sheet analysis allows for better risk management and policymaking. The Fiscal Monitor provides governments the tools to analyze the resilience of public finances. By identifying risks within the balance sheet, governments can act to manage or mitigate […]

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The Mandatory Canteens of Communist China

October 7, 2018 Bilal 0

The Mandatory Canteens of Communist China https://ift.tt/2QaVGwj A People’s Commune canteen pictured in 1958. Public Domain In 1958, Chinese communist cadre descended into farmers’ homes on an official government mission: to confiscate food supplies and cooking equipment, and destroy private kitchens. Officially, the communist government demonized private kitchens as “symbols of selfishness.” But for Chinese farmers, this meant that the ubiquity of cooking and eating meals at home suddenly became illegal. The measure stemmed from Chairman Mao Zedong’s “Great Leap Forward,” a series of communist government initiatives that revolutionized the Chinese countryside. Mao believed that agricultural collectivization was central to […]

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How much would the iPhone cost if it were made in America?

September 19, 2018 Bilal 0

How much would the iPhone cost if it were made in America? https://ift.tt/2MrE8tF Even if President Donald Trump won his battle with Apple and the tech giant started to manufacture its iPhones in the United States, it might not even be a good idea. Trump lashed out at Apple recently after the company said the White House’s proposed $200 billion tariffs on Chinese goods would hurt its business. Trump tweeted: “Make your products in the United States instead of China. Start building new plants now.” It’s tempting to write off Trump here as just tweeting populist rhetoric, but he actually […]

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Illuminating GDP

September 19, 2018 Bilal 0

Illuminating GDP https://ift.tt/2MFi7rs "GDP figures are ‘man-made’ and therefore unreliable," reported remarks of Li Keqiang (then Communist Party secretary of the northeastern Chinese province of Liaoning), March 12, 2007. Satellites are great. It is hard to imagine living without them. GPS navigation is just the tip of the iceberg. Taking advantage of the immense amounts of information collected over decades, scientists have been using satellite imagery to study a broad array of questions, ranging from agricultural land use to the impact of climate change to the geographic constraints on cities (see here for a recent survey). One of the most […]

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Finance and Econ From the Web: Night lights measure growth, why are rates so low, are bankers liberals or conservatives….

September 19, 2018 Bilal 0

I thought I’d have a separate “Best Of the Web” devoted to economics and finance. Below I’ve found 30 articles and academic papers on macro and finance. Some are easy reads and others are denser, but I’ve summarised each one. Oh, if you come across anything interesting that I’ve  missed, then flag it to me and I’ll include it in my next list.  Enjoy! North and South Korea at night , 1992 vs 2008

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ChinAI Newsletter #25: Tencent – A Complete Takedown and Rethinking of China’s so-called AI giant

September 3, 2018 Bilal 0

ChinAI Newsletter #25: Tencent – A Complete Takedown and Rethinking of China’s so-called AI giant https://ift.tt/2wDb5yb Welcome to the ChinAI Newsletter! These are Jeff Ding’s weekly translations of writings on AI policy and strategy from Chinese thinkers. I’ll also include general links to all things at the intersection of China and AI. Please share the subscription link if you think this stuff is cool. Here’s an archive of all past issues. *Subscribers are welcome to share excerpts from these translations as long as my original translation is cited. I’m a grad student at the University of Oxford where I’m the China lead for […]

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PacNet #62 – The 115th Congress Aligns with the Trump Administration in Targeting China

September 3, 2018 Bilal 0

PacNet #62 – The 115th Congress Aligns with the Trump Administration in Targeting China https://ift.tt/2NcgNAr After a slow start in 2017, reflecting preoccupations with health care and tax reform, the 115th Congress has demonstrated remarkable activism on China policy in 2018. This Congress has broken the mold of past practice where the US Congress more often than not since the normalization of US relations with China four decades ago has served as a brake and obstacle impeding US initiatives in dealing with China. That pattern saw repeated congressional resistance to administration efforts to advance US engagement with China at the […]

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Expect ‘deep structural change’ in China-US ties, senior adviser says

September 3, 2018 Bilal 0

Expect ‘deep structural change’ in China-US ties, senior adviser says https://ift.tt/2N1u7rn A senior Chinese government adviser says he expects “deep structural change” in the relationship between the world’s two largest economies after the trade war, with the US treating China as a key rival. Long Guoqiang, vice-president of the State Council’s Development Research Centre, also called for “strategic confidence” and “strategic patience” in China in the face of mounting pressure from tariffs and other punitive trade measures imposed by Washington. The senior adviser made the remarks in a commentary on Wednesday in People’s Daily, mouthpiece of the ruling Communist Party. […]