IBM Venture With China Stirs Concerns - NYTimes.com

IBM Venture With China Stirs Concerns - NYTimes.com:





The counter factual is of course, that the technology is not that advanced that the Japanese in the past or the Chinese in the future would not have caught up anyway:



"Clyde V. Prestowitz, a senior Commerce Department official in the Reagan administration, said IBM’s approach to China is reminiscent of what the company did in Japan decades ago. He said tech transfers to Japanese companies helped them catch up to the United States."

China Stocks Seen Topping Japan as World No. 2: Chart of the Day - Bloomberg

China Stocks Seen Topping Japan as World No. 2: Chart of the Day - Bloomberg

China Inc. Moves Factory Floor to Africa - WSJ.com

China Inc. Moves Factory Floor to Africa - WSJ.com

China, and the soaring price of Bitcoin

China, and the soaring price of Bitcoin

Who Hates Treasuries? Everybody!

Investors have hated JGB's since 1994

Who Hates Treasuries? Everybody! | The Big Picture

Chinese Labor, Cheap No More

NYT wishful thinking.

Chinese Labor, Cheap No More - NYTimes.com

Where are the editors?
Hourly rate has gone up, but still one of cheapest in Asia.

Electronic Security

Electronic Security a Worry in an Age of Digital Espionage - NYTimes.com

How Much of US Consumables Are Made in China? | The Big Picture

How Much of US Consumables Are Made in China? | The Big Picture

-US-China affair is likely to result in mutual pain

Good quick summary of the US-China relationship.

FT.com / Markets - US-China affair is likely to result in mutual pain

Comparing Chinese provinces with countries: All the parities in China | The Economist

Comparing Chinese provinces with countries: All the parities in China | The Economist

THE CENTRAL BANK IS CAUSING INFLATION | PRAGMATIC CAPITALISM

China does it better: their fiscal stimulus was bigger and monetary stimulus was as well. China is more concerned about unemployment than inflation.

THE CENTRAL BANK IS CAUSING INFLATION | PRAGMATIC CAPITALISM

China Owns Lots of Paper

Trends continue, until they can't.

EconomPic: China Owns Lots of Paper

Why we should be afraid of China

The real threat

The Japan Syndrome - By Ethan Devine | Foreign Policy

The Japan Syndrome - By Ethan Devine | Foreign Policy

China's currency: It is not yet Saturday ergo it will never be Saturday | The Economist

China's currency: It is not yet Saturday ergo it will never be Saturday | The Economist

Marginal Revolution: China fact of the day

Marginal Revolution: China fact of the day: "China now exports every six hours as much as it did in the whole of 1978"

The Threat to Muddle Through

The Japanese yen was 350/$ in 1971. It is now 90. That is a 75% devaluation and Japan still runs a trade surplus with the United States. The yuan rate is not even the most important reason why China has a surplus with the US.

The Big Picture � Blog Archive � The Threat to Muddle Through

Residential Real Estate Bubble in China

There are signs of a bubble in residential real estate in Shanghai. What will the catalyst be for the unwind and how to trade it are not clear to me.

“According to research results released yesterday by DTZ, the average sale price in the city’s most luxurious residential properties has soared above 50,000 yuan (US$7,324) per square meter in Shanghai this year from about 7,000 yuan per square meter seven years ago.

Sales by value of high-end properties within the city’s Inner Ring Road more than doubled in the first nine months of this year, with the average price surging to 37,000 yuan per square meter from 24,000 yuan at the beginning of this year.”

While the population of China is large, it is finite. And as A. Gary Schilling pointed out at the beginning of 2009, the number of Chinese with any disposable income is shockingly small. At some point the pool of greater fools will run out, or some will need to cash out to meet expenses. Then, the rush for te exits will start. The problem, as always, is when this happens.

Ten percent annual GDP growth can hide the bubble for a long time. Or China could grow into the real estate. Most of the current stock of residential is still inferior.

“Should America Kowtow to China?” « naked capitalism

Best advice on the dollar: "Do nothing". It will not fall dramatically from here because China needs the job machine

and even if it does that is not a problem,

“Should America Kowtow to China?” « naked capitalism

Chinese growth looking strong

Chinese growth is 9 percent. But the stimulus measures account for 15 percent of GDP.

Chinese growth looking strong | Free exchange | Economist.com

And pig farmers are buying up copper.