China’s growth is unprecedented and outshines all the previous historical experience. For example, it took UK 70 years to increase her GDP by 4 times (with an average of 2.2% growth per year). However, during 1978 and 2004, it only took China 26 years to increase her GDP by 10 times with an average growth of 9.4% per year. Read the rest of this entry »
Archive for April, 2011
China has been among the leaders to continue to accumulate FX reserves in this year. Most Asian economies have increased their pace to accumulate FX, having recovered from a slow down in 08/09 during the financial crisis. China, Hongkong, Taiwan and Singapore are the outstanding economies that have had a robust recovery and see potential increase of inflation in their domestic economy. Read the rest of this entry »
China has been a successful prototype of managed capitalism in the past 20 years. The government tightly controls the interest rate, FX rate and cross-boarder capital movements so that they navigated the vessel through challenging times such as Asian Financial Crisis in 98 and Great Financial Crisis in 08. However, questions have been repeatedly raised as to the sustainability of such method. The CEO of Woodsford Capital Management, Wu Zhijian expressed his own opinion on Lianhe Zaobao.