China's Economy

 Interview: Li Keqiang on China’s challenges - FT.com   In his first interview with a western media organisation, Mr Li was relaxed, gregarious and clearly in command of his brief during an hour of questioning in the Hong Kong room of the Great Hall, a highly symbolic venue to receive a British newspaper editor. His main message to the world was China’s continued commitment to the current global financial order, particularly in the wake of Beijing’s move to set up the Asia Infrastructure Investment Bank.http://www.ft.com/intl/cms/s/0/38307b3e-e28d-11e4-aa1d-00144feab7de.html?utm_source=The+Sinocism+China+Newsletter&utm_campaign=877f2b57e3-Sinocism04_15_154_15&utm_medium=email&utm_term=0_171f237867-877f2b57e3-29615013&mc_cid=877f2b57e3&mc_eid=5935182a65&siteedition=intl#axzz3XNxBtrvu

 Economists React: China’s Economic Growth Slows  - WSJ China’s economy expanded 7.0% year-over-year in the first quarter — its slowest pace in six years — raising alarm bells among some analysts who warned that Beijing might struggle to realize its full-year growth target of “about” 7%. The big problems continue to be overcapacity in heavy industry and a flagging property market. Industrial output looked particularly weak in March, rising only 5.6% year-on-year. And the one area that has been robust in recent months, retail sales, came in below expectations. Still, some economists were upbeat on the economy’s prospects for the next quarter, seeing signs that the property market might be reviving.http://blogs.wsj.com/chinarealtime/2015/04/15/economists-react-chinas-economic-growth-slows/?mod=WSJBlog&utm_source=The+Sinocism+China+Newsletter&utm_campaign=877f2b57e3-Sinocism04_15_154_15&utm_medium=email&utm_term=0_171f237867-877f2b57e3-29615013&mc_cid=877f2b57e3&mc_eid=5935182a65

Related: [视频]【中国经济一季报】中国经济同比增7%平稳开局_新闻频道_央视网 Top story on Wednesday CCTV Evening News on Economy, Q1 GDP

Related: IMF: India to Grow Faster than China - The American Interest The IMF expects China’s slowdown to continue with growth of 6.8 per cent this year and 6.3 per cent in 2016, considerably slower than India, which is expected to expand by 7.5 per cent in both years, marking an important moment in the momentum of two of the world’s largest three economies, measured by purchasing power parity.http://www.the-american-interest.com/2015/04/14/imf-india-to-grow-faster-than-china/?utm_source=The+Sinocism+China+Newsletter&utm_campaign=877f2b57e3-Sinocism04_15_154_15&utm_medium=email&utm_term=0_171f237867-877f2b57e3-29615013&mc_cid=877f2b57e3&mc_eid=5935182a65

China's economy: Coming down to earth | The Economist WHEN “60 Minutes”, an American television news programme, visited a new district in the metropolis of Zhengzhou in 2013, it made it the poster-child for China’s property bubble. “We found what they call a ghost city,” said Lesley Stahl, the host. “Uninhabited for miles, and miles, and miles, and miles.” Two years on, she would not be able to say the same. The empty streets where she stood have a steady stream of cars during the day. Workers saunter out of offices at lunch. Laundry hangs in the windows of the subdivisions...The success of Zhengzhou’s development belies some of the worst fears about China’s overinvestment. What appear to be ghost cities can, with the right catalysts and a bit of time, acquire flesh and bones. Yet it also marks a turning-point for the Chinese economy.http://www.businessspectator.com.au/article/2015/4/14/china/chinas-high-risk-plan-revive-its-economy?modapt=&utm_source=The+Sinocism+China+Newsletter&utm_campaign=877f2b57e3-Sinocism04_15_154_15&utm_medium=email&utm_term=0_171f237867-877f2b57e3-29615013&mc_cid=877f2b57e3&mc_eid=5935182a65

 China's high-risk plan to revive its economy | Business Spectator  China is following the interventionist playbook adopted by many authorities since 2009, engineering a rally to alter the economy the market should supposedly reflect. Ben Bernanke in 2010 explicitly targeted higher stock prices to induce a self-fulfilling "wealth effect" to revive a still-struggling US economy. Japan and Europe copied his QE strategy, to push down interest rates seeking to spur economic recovery. China sees the equity market as a key catalyst to bolster confidence and to bootstrap its reform and deleveraging plan...the market may itself revive animal spirits in the economy, another tool in the hands of the central authorities to shape consumer confidence. Their plan just may work.http://www.economist.com/news/briefings/21648567-chinese-growth-losing-altitude-will-it-be-soft-or-hard-landing-coming-down-earth?utm_source=The+Sinocism+China+Newsletter&utm_campaign=877f2b57e3-Sinocism04_15_154_15&utm_medium=email&utm_term=0_171f237867-877f2b57e3-29615013&mc_cid=877f2b57e3&mc_eid=5935182a65