Too Many Bad Loans In India Well connected tycoons get all the credit they want
WASHINGTON – India recently decided to change its methodology for calculating GDP and the rate of growth. And, presto,...
Tag: State Owned Enterprises
How Bad Is The Chinese Economy? Recent central bank moves and stories from China point to a larger crisis
WASHINGTON – China’s economy is sputtering. There are plenty of bad signs, beginning with slower growth, declining trade figures, and rising numbers...
In China The Economy Is Still Run By The State The Economist magazine discussed economic reforms without even mentioning the Chinese Communist Party
WASHINGTON – The highly regarded The Economist weekly magazine has a Leader (we call it Editorial in America) about...
In China The State Still Controls Critical Economic Sectors The Chinese leaders are using state controlled banks to induce artificial growth. The goal is to keep people happy
WASHINGTON – Financial reform aimed at introducing real competition and market driven principles in China’s banks? Or keep using...