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Recently there have been several articles written on China’s capital stock. The argument in most of these pieces is that China’s capital stock per capita is low and thus claims of overinvestment in China are incorrect. Just to recap, the capital stock is a broad measure of the existing physical capital in an economy. Economic [...]
GDP expenditure data came out for China today and it shows modest revisions upward for consumption during the last several years. This is positive news and shows that the National Bureau of Statistics is committed to improving its measurement of services, particularly housing services. The table below shows the revisions: GDP Revision Consumption Revision Investment [...]
The People’s Bank of China and China Southwest University of Finance and Economics released joint research collaboration this month called the Chinese Household Finance Survey (Chinese language). The headline picked up by locals newspapers was that 85 percent of Chinese households own their own home. According to the report, 69 percent of households in urban [...]
One of the more interesting things to come out of the most recent Strategic and Economic Dialogue was a little more specificity on the topic of state-owned enterprises (SOEs) dividend reform. Given the intense disagreements within the Chinese government over this topic, moving forward with reforms is extremely difficult. Chinese negotiators agreed to the following [...]