The Week (January 6)
“For the Chinese stock markets, it was not a happy New Year.” The initial drops in the Shanghai and Shenzhen Composites were “an unwelcome reminder of two precipitous crashes that befell China’s stock market midway through 2015.” Things have leveled off and it’s true that “the performance of any country’s stock market has only a tangential relationship to the performance of its real economy.”Nevertheless, “the situation for China’s real economy isn’t exactly good.”
Tags: 2016, China, Real economy, Shanghai, Shenzhen, Stock markets
Financial Times (June 25)
“For thrill and spills, you cannot beat Chinese share markets. Recent wild price swings on the Shanghai and Shenzhen bourses—and the fortunes being made, or lost, by individual retail investors—have made for gripping tales. They have raised fears of a highly-inflated equity bubble about to burst spectacularly. But how much should the rest of the world worry?” This shouldn’t simply be shrugged off “as a local story without wider significance for global financial markets.” The volatility should reinforce concerns that China is “in a bumpy economic transition phase that threatens significant ripple effects in distant parts of the world.”
Tags: Economic transition, Equity bubble, Financial markets, Markets, Price Swings, Retail investors, Shanghai, Shares, Shenzhen
Washington Post (December 5, 2013)
The U.S. does not test well. In contrast, Japan, Shanghai, Singapore, Hong Kong, and Taiwan swept top places for math, reading and science in the recent PISA global educational survey. Nevertheless, “the United States has done very well in harnessing the talents of its top 1 percent and in attracting the top 1 percent from the rest of the world to live and work here. These are the engines of innovation, growth and dynamism.” Whether they will keep the U.S. from falling behind, however, remains to be seen.
Tags: Dynamism, Education, Growth, Hong Kong, Innovation, Japan, Math, Reading, Science, Shanghai, Singapore, Taiwan, Talent, U.S.
Chicago Tribune (November 13, 2013)
“It used to be the tallest building in America. It used to be the tallest in the world. It used to be the Sears Tower. Now Chicago’s Willis Tower is second, um, banana to New York’s not-yet-completed One World Trade Center, which was declared tallest in the nation.” And it’s not just Chicago that has lost the skyscraper race. “The U.S. has all but conceded the skyscraper Olympics to cities like Dubai, Taipei, Hong Kong and Shanghai. Eight of the world’s 10 tallest buildings are in the Middle East and Asia. Saudi Arabia’s Kingdom Tower, now under construction, will be 3,281 feet tall.”
Tags: Chicago, Dubai, Hong Kong, New York, One World Trade Center, Saudi Arabia, Sears Tower, Shanghai, Skyscraper, Taipei, Tallest, U.S., Willis Tower
Wall Street Journal (March 15)
China is being forced to focus on the environment due to chronic air quality issues in Beijing and the discovery of 6,000 dead pigs in tributaries that provide Shanghai’s drinking water. “The pork soup scandal, as it has been dubbed, hits the trifecta of Chinese mistrust of government: lack of a plan to protect the public interest instead of companies and officials, political corruption that fails to hold polluters accountable, and withholding timely information when disaster strikes.”
Tags: Air quality, Beijing, China, Environment, Government, Pigs, Pollution, Shanghai, Water quality
