Regional inequality in China

Shanghai's GDP per capita was 86,657 yuan in 2013, while Chongqing's GDP per capita was 38,349 yaun in 2013. Tibet's GDP per capita was just 26,068 according to the latest regional tables from NBS. A quick chart of some poorer regions shows that 1) the gap between…

Headed for recession? Two stock markets claim so

Chairwoman Yellen doesn't see the economy 'due' for a recession: "There is always some chance of a recession in any year, but the evidence suggests expansions don’t die of old age". The WSJ reported a day earlier that "the odds of recession in the next 12…

Visualizing China's rise

In PPP terms, the Chinese economy is now larger than America's. In early 1980s, the countries of Sub-Saharan Africa produced more goods and services than China. By 2015, Sub-Saharan Africa accounted for 3.1 percent of global GDP. China accounted for 17.2 percent. China could soon account for one…

China stock market: first two weeks of 2016

The first days of trading of Chinese stocks (SSE A Share Index) in 2016 looked like a very serious correction: China stock market woes; Mid-week update; @PIIE_com: pic.twitter.com/KFjsl86LmA— Jan Zilinsky (@janzilinsky) January 13, 2016 A roundup of subsequent commentary: Eswar Prasad: 5 myths about China’…

Emerging markets: five decades of growth

China has done extremely well over the last 30 years. But was the Chinese case exceptional? Given the number of people that China's rise has impacted, it is rightly treated a huge story. The question for this post how comparable economies did in the last 4-5 decades (depending on data…