Tag Archives: Economy

The Battle For China’s Construction Machinery Market

Without a doubt, China is the largest construction site in the world. Buildings, railroads, highways, airports, power plants, you name it, and China is building more of them than any other country. It’s no wonder then that China is becoming the largest market in the world for construction equipment. As in autos and most other […]

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China’s Impact on Global Currencies

China made headlines on June 19 when it announced that it would release the yuan from its dollar peg and allow the currency to float against a basket of currencies instead. While most China watchers cautioned that a rapid appreciation of the yuan was not in the cards, the conventional wisdom was that annual increases […]

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The World’s Second Largest Economy

News reports over the weekend noted that China has overtaken Japan as the second-largest economy in the world. The reports stemmed from a remark made on Friday by Yi Gang, deputy governor of the People’s Bank of China, who said that the Chinese economy outpaced Japan’s in the first half of this year. “China, in […]

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China’s Need For Energy-Saving Technology

In an interview with Alex Dumortier of The Motley Fool in 2008, I was asked which industries I thought had good future prospects in China. I mentioned several growth areas, but Alex focused on my third suggestion: “any technology that has anything to do with the environment.” With China having now surpassed the United States […]

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China’s Currency Basket: One Month Later

On June 19, the Peoples Bank of China released the yuan’s peg to the U.S. dollar, and announced that it would instead peg the yuan to a basket of currencies. China regards the composition of the currency basket as a state secret, and officials haven’t publicly disclosed what currencies are being used in the basket. […]

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One Trillion Reasons to Buy AgBank Shares

There are many reasons not to buy the newly-issued shares of the Agricultural Bank of China: China’s economy is slowing; the country’s property market remains in bubble territory; China’s stock market, one of the worst performing in 2010, is down 25 percent this year; AgBank’s vast network of 24,000 branches staffed by 440,000 employees is […]

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Sino-U.S Relations: A Long Way to Go

In April, the American Chamber of Commerce in China, which represents 1,200 U.S. companies, issued a report saying that China is increasingly using discriminatory rules to reduce access to previously open areas of its economy and to promote its own technology industries. The report highlighted complaints about efforts to nurture China’s computer and other technology […]

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Predictions for 2010

The global economy is much more stable today than it was at this time last year, but that doesn’t make 2010 any easier to predict. In January 2009, the debate was all about numbers. Would China’s economy grow by 8 percent as the government was predicting, 7.2 percent as the World Bank concluded, or considerably […]

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2009 Predictions: How Did We Do?

It’s hard to believe, but at this time last year, no one knew where the world was headed. Trillions of dollars of wealth had been wiped out by the global financial crisis that began in September 2008; once powerful banks, investment banks and insurance companies the world over had been reduced to financial cripples; General […]

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Jobs Are Job One in the United States

As Americans fired up the barbecues all across the United States this past Monday in the country’s 117th celebration of  Labor Day, jobs were on everyone’s minds. On Friday, before workplaces closed for the long holiday weekend, the government announced that unemployment had reached 9.7 percent in August, the highest rate in twenty-six years. Vice […]

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