Regional variations
China’s Megacities
Joi Ito of MIT Media Lab on China’s Manufacturing Hub
http://joi.ito.com/weblog/2014/09/01/shenzhen-trip-r.html
China attempts to reform state-owned enterprises
Chinese Data and Underlying Economic Trends - An interesting
piece by Yukon Huang:
Huang notes:
“Many people see the extremely low share of consumption
to GDP as indicative of repressed spending and the high share of investment as
waste. Yet few pause to wonder why until the recent slowdown, the news was all
about double-digit sales growth rates in the luxury goods, fast-food outlet and
home furnishing sectors. How can one reconcile retail sales that were growing
at 15-20 per cent a year for decades with GDP numbers that suggest lacklustre
growth in personal consumption? This raises suspicions that something is amiss,
quite possibly that consumption is seriously understated. A 2008 Morgan Stanley
study estimated that Chinese GDP was about 30 per cent higher than official
figures, and per capita consumption was as much as 80 per cent higher. Some
research surveys show that household income has been understated by some 20-30
per cent of GDP.”
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China attempts to reform state-owned enterprises