China Inc. http://www.globalpost.com/taxonomy/term/22098/all en China GDP: The real number to watch http://www.globalpost.com/dispatches/globalpost-blogs/macro/china-gdp-the-real-number-watch <div class="field field-type-text field-field-subhead"> <div class="field-items"> <div class="field-item odd"> In China, it's all about the spending. </div> </div> </div> <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomas Mucha </div> </div> </div> <!--paging_filter--><p> There have been plenty of headlines today about China&#39;s latest economic report.</p> <p> And for good reason: what happens in China, the world&#39;s second largest economy after the US, matters to the rest of the planet.</p> <p> So here&#39;s the quick news:</p> <p> The country&#39;s gross domestic product <a href="http://www.globalpost.com/dispatch/news/regions/asia-pacific/china/120413/china-gdp-growth-slow-economy">slowed to 8.1 percent</a> in the first quarter of this year.</p> <p> That&#39;s the slowest rate in three years.</p> <p> Even more troubling was how that number looks on a quarter-by-quarter comparison.</p> <p> By that measure China&#39;s economy is growing at a rate that&#39;s below the government&#39;s target for the year.</p> <p> All of this is made more urgent by this year&#39;s leadership change in Beijing, an uneasy political transition underlined by <a href="http://www.globalpost.com/dispatches/globalpost-blogs/chatter/bo-xilai-the-trajectory-falling-star">the stunning fall</a> of former Chinese Communist Party boss Bo Xilai, which this week <a href="http://www.globalpost.com/dispatch/news/regions/asia-pacific/china/120410/bo-xilai-communist-party-wife-gu-kailai-suspected-neil-heywood-murder">took yet another surprising twist</a>.</p> <p> But the economic news out of Beijing today isn&#39;t all bad.</p> <p> In fact, in one very important way things are going exactly as planned.</p> <p> Here&#39;s why:</p> <p><a href="http://www.globalpost.com/dispatches/globalpost-blogs/macro/china-gdp-the-real-number-watch" target="_blank">read more</a></p> China Inc. Business Global Economy Macro Fri, 13 Apr 2012 19:09:00 +0000 Thomas Mucha 5700336 at http://www.globalpost.com China cranks up the export machine http://www.globalpost.com/dispatches/globalpost-blogs/macro/china-cranks-the-export-machine <div class="field field-type-text field-field-subhead"> <div class="field-items"> <div class="field-item odd"> Facing a slowdown at home, China turns to its factory workers. </div> </div> </div> <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomas Mucha </div> </div> </div> <!--paging_filter--><p>If you&#39;re obsessed with the Chinese economy &mdash; and let&#39;s face it, if you&#39;re reading this blog post then you&#39;ve got more than a passing interest in the topic &mdash; then Sunday was a particularly interesting day.</p> <p>That&#39;s because the Chinese government announced that <a href="http://in.reuters.com/article/2012/06/11/china-economy-idINL3E8HA03720120611" target="_blank">exports surged 15.3 percent in May</a> from a year ago.</p> <p>That&#39;s double what economists were expecting.</p> <p>It&#39;s also the biggest month ever for Chinese exports.</p> <p>The announcement comes as China&#39;s domestic economy continues to slow. The export boom could help preserve the jobs of millions of workers who toil in Chinese factories.&nbsp;</p> <p>Think of it as China using its secret weapon: factories that have been well-tooled to outcompete others around the world in terms of labor productivity and efficiency, even as Europe tanks and the US economy shows new signs of weakness.</p> <p>The New York Times has a <a href="http://www.nytimes.com/2012/06/11/business/global/with-surge-in-exports-china-eases-economic-slump-at-home.html?_r=1&amp;ref=global-home" target="_blank">smart overview today of the situation</a>, which highlights long-term investments in productivity measures and short-term currency movements as the catalyst for the export surge.</p> <p>The US has been the main market for Chinese stuff. Exports to America rose 23 percent from a year ago.</p> <p>They were up a paltry 3.2 percent to debt-ridden Europe.</p> <p>As the Times reporter Keith Bradsher points out, the export surge is likely to play a role in the race for the White House:</p> <p><a href="http://www.globalpost.com/dispatches/globalpost-blogs/macro/china-cranks-the-export-machine" target="_blank">read more</a></p> China Inc. China Global Economy Macro Mon, 11 Jun 2012 12:53:00 +0000 Thomas Mucha 5707479 at http://www.globalpost.com China economy: What's the big deal about 8 percent GDP? http://www.globalpost.com/dispatches/globalpost-blogs/macro/china-economy-whats-the-big-deal-about-8-percent-gdp This is the sixth straight quarter that China's economy has slowed, and the country's GDP is now well-below 8 percent — or the number that's ritualistically repeated by China-watchers as being necessary to keep employment up, and social protests down. Or is it? And what's the big deal about 8 percent GDP, anyway?<p><a href="http://www.globalpost.com/dispatches/globalpost-blogs/macro/china-economy-whats-the-big-deal-about-8-percent-gdp" target="_blank">read more</a></p> China Inc. China Global Economy Macro Fri, 13 Jul 2012 19:56:00 +0000 Thomas Mucha 5711753 at http://www.globalpost.com China moving 700 mountains to build new city in desert (VIDEO) http://www.globalpost.com/dispatch/news/regions/asia-pacific/china/121207/china-building-new-city-desert-moving-700-mountains- China Daily reports the gross-domestic product of the area could increase to 50 billion yuan ($8 billion) by 2015. <p><a href="http://www.globalpost.com/dispatch/news/regions/asia-pacific/china/121207/china-building-new-city-desert-moving-700-mountains-" target="_blank">read more</a></p> China Inc. Business China Fri, 07 Dec 2012 15:32:00 +0000 David Trifunov 5728326 at http://www.globalpost.com