After an unbelievably long period of hectic growth the Chinese economy has begun to slow down. While the high growth phase was characterised by remarkable stability, the phase of slower growth, if the present crisis is any indication, is likely to be more turbulent. Slow riding an economy is much ...
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2015 – The global crash won’t happen (GEAB N°94)
We could have also headed our article : “No, the inflating of the Chinese stock exchanges isn’t a bubble”. The Shanghai stock exchange’s exuberant 100% increase in one year is certainly frightening, but it reflects a real dynamic (or rather a correction) of the country’s economic development. One really has ...
Read More »Global systemic crisis – 2015: The world is defecting to the East
Two important facts emerge from the past four weeks’ news. First, China is becoming the world’s largest economic power, officially overtaking the US, based on GDP measured in purchasing power terms (IMF figures) of $17.61 trillion (compared to $17.4 trillion for the US). If the official media hasn’t raised the ...
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