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January 2, 2009

China
As trade slows, China doesn’t rethink its growth strategy ...

My title is a play on the New York Times’ online headline: "As Trade Slows, China Rethinks its Growth Strategy." The print version of the Times carries a headline that more accurately reflects the…

September 4, 2007

China
Close to $500b of debt purchased over the last 18 months, and not a cent of subprime …

China’s reserve managers – the State Administration of Foreign Exchange – recently reported that they have exactly zero exposure to US subprime mortgages.    “"China's official forex reserves don't…

August 22, 2007

China
The one thing the US really exports to China

John Cassidy is right.  The leading US export to China is high-quality housing debt.   The toxic waste generally went elsewhere – thought there are now hints that China (perhaps the state bank…

china_debt_tic_data_mid_07

March 18, 2006

United States
What Geithner said. And then some

Most of the blogosphere has already weighed in on Tim Geithner's most recent speech.   I am a bit late to the party.   And I may not have much to add. I deeply agree with Geithner's argument that th…

May 3, 2018

China
The Rising Bilateral Deficit with China and the Negotiations Over China 2025

A short review of the March U.S. trade data and a lot of speculation about the arc of the Sino-American economic relationship in light of the non-negotiability of Made in China 2025.

The Rising Bilateral Deficit with China and the Negotiations Over China 2025