2013: The Year Stagnation Continued
Historic buildings along the western bank of the Huangpu River lit up in a countdown to 2013
Between 2009 and 2011, the emerging economies, especially the BRICs, kept growing following a brief crash in 2008. Many pundits interpreted it as a sign of decoupling. Emerging economies, due to their low base, tend to grow faster than the developed ones. The issue is by how much. During the 2009-11 period, they experienced high inflation, debt growing faster than income, and asset bubbles, not signs of sustainability. The growth spurt was due to a hot money bubble rather than a natural state of affairs. This bubble isn't blowing up like in 1997 because the big central banks are still loosening monetary policy. Hence, this bubble could deflate gradually.
- 'Important Information' vs. Information that Is Important
- Lenovo Completes US$ 2.91 Bln Deal to Buy Motorola Mobility
- Large Railroad Manufacturers Said to Consider Merger
- Village Remake
- APEC Preview
- Skies Overhead
- Two or Three Things about Mr. Lu Xun
- Film: The White Haired Witch of Lunar Kingdom
- Exhibition: The Past
- Wake up, Europe
- Sign up to receive our free daily newsletter
- Rise and Fall of a Coal Boomtown in Shanxi Province
- Chinese Comfort Women: Testimonies from Imperial Japan's Sex Slaves
- Which Way for Smartphone Swipe and Pay?
- What is Authoritarianism?
- Zuckerberg Impresses Tsinghua Students with His Chinese, Even Talks Tech
- For China's Property Market, All Is Not Lost
- Cai Jinyong: A Chinese Voice at the Top of IFC
- 4 Chinese Ships Stuck in Mexico since May over Iron Ore Dispute
- Ministry Said to Propose Local Gov'ts Issuing Bonds to Cover Debts
- China Builds in Africa, but the Foundations Are Shallow