Category Archives: Burkina Faso

The CBRC has ordered major State-owned lenders to assess their loan quality as economic growth slows and more loans turn sour, the Shanghai-based China Business News reported on Monday.The regulator ordered the top five lenders – Industrial and Commercial Bank … Continue reading →

The Chinese economy is in the midst of a gradual slowdown. A weaker global economic environment and tighter domestic policies combined to slow gross domestic product GDP growth from 10.4 percent in 2010 to 9.2 percent in 2011. Slow growth … Continue reading →

Official IMF assessment of the major risks to China’s economy, from press conference yesterday: Over the past several years, China has made significant progress in reducing external imbalances. The current account surplus, for example, has declined sharply from 10 percent … Continue reading →

Louis-Gustave Binger est le grand-père maternel de l’écrivain Roland Barthes, qui décrit ainsi son aïeul : «Dans sa vieillesse, il s’ennuyait. Toujours assis à sa table avant l’heure (bien que cette heure fût sans cesse avancée), il vivait de plus … Continue reading →

Time and again, China has defied the skeptics who claimed its unique mixed model—an ever-more market-driven economy dominated by an authoritarian Communist Party and behemoth state-owned enterprises—could not possibly endure. Today, those voices are louder than ever. Michael Pettis, a … Continue reading →

“Chinese Premier Blasts Banks” Are China’s banks too big to be broken up?: Chinese Premier Blasts Banks, by Dinny McMahon, Lingling Wei, and Andrew Galbraith, WSJ: Chinese Premier Wen Jiabao told a national audience on Tuesday that China’s state-controlled banks … Continue reading →

Fed Watch: Cash Exiting China Tim Duy: Something that I have thinking about for a few weeks – and was reminded of reading Ryan Avent this morning – is the series of pieces at FT alphaville regarding the outflow of … Continue reading →

The discussion in China on capital account liberalisation, a major precondition for internationalising the renminbi, has intensified after the PBC released a new blueprint for accelerating the opening up of China’s financial sector. A senior central bank official gave an … Continue reading →

After years of stagnation on the economic policy reform front, there was a rush of Chinese economic-reform proposals in early 2012. The pro-state government led by Hu Jintao and Wen Jiabao is on its way out, to be replaced by … Continue reading →

Consider this example:[1] state A passes a bill offering tax deduction to employers providing health insurance. Let us also consider that in the year after the bill passed (year 2) the percentage of firms offering health insurance increased by 30% … Continue reading →

Data from the People’s Bank of China showed that in the first five months of 2012, the value of the yuan fell more frequently than any year since 2005 when the country launched exchange rate reform. Of 96 trading days … Continue reading →

Last week, a Chinese central bank official said the yuan’s exchange rate with the dollar “isn’t clearly undervalued.” Economists in the latest Wall Street Journal forecasting survey beg to differ. Twenty-eight of 41 economists who responded to the question said … Continue reading →

                    Wish I could have been there… looks fun!    

BEIJING — The stock market played a strange trick on the Chinese Communist Party on Monday.Whether a cosmic joke or coincidence – or as some wags suggested, an act of God – the Shanghai stock market index fell 64.89 points … Continue reading →

Les sofas de la République et le coup d’Etat du 22 mars : Le tout nouveau son « Aw ya to anga lafia! » Cette chanson est l’œuvre des rappeurs, du groupe Tata Pound, Master Soumi,  Ramsès et bien d’autres. Le single … Continue reading →

competition <- read.table(“C:\\Data\\Econ 135 Gender\\competitivereadingcamp.csv”, header=TRUE, sep=”,”) names(competition ) # first make tables with(competition , tapply(score1 , list(female , treatment ), mean)) with(competition , tapply(score2 , list(female , treatment ), mean)) # now run regression fit <- lm(score2 ~ female … Continue reading →

HT: Elisee

What seems clear is that China’s economy did not bottom out as expected in the first quarter. It is flirting with real trouble. Yao Wei from Societe Generale says a blizzard of awful data “screams out for easing”. China’s electricity … Continue reading →

I have a piece in the NYT Sunday Review section today, on the question many Chinese economists and industrialists are asking themselves but that relatively few outsiders recognize. Essentially it is whether the Chinese system of “guided” capitalism, which has … Continue reading →