Asia

Most things in China are unfamiliar to foreigners, even its stock market. This is the first part of a three part series on the Chinese stock market crash.

In the concluding statement of its 2014 Article IV Mission to Turkey, which was released on Oct. 3

For months, China’s economic performance has been grim. That reflects the shift to the new normal.

A couple weeks ago the World Bank reported that the Chinese economy would pass the U.S. one by the end of this year.

My mother’s family fled Ukraine for the U.S. in 1921 when Bolshevik troops overran their town, Berdichev, extinguishing an independent Ukraine that had been declared when the Tsar collapsed in 1917. Those who remained did not have a bright future.

First, some people are arguing that there is a political element to all this.

Here is the intro. to my latest Hurriyet Daily News (HDN) column. I often get emails from readers, usually after an inflation data release:)

There is no special meaning to the title, it is just as it is:The Central Bank is killing the lira and making foreign currency (FX) traders rich in the process.

According to Wikipedia, in complex analysis an essential singularity of a function is a “severe” singularity near which the function exhibits extreme behavior.

Almost 20 years ago, the World Bank released a groundbreaking report – The East Asian Miracle – that called worldwide attention to the economic success of eight economies in the region, leading to a discussion on the extent to which policies followed by them could be replicated.

One of the interesting things about the presidential debate tonight was the prominence of China. Governor Romney repeated his insistence that he would declare China a currency manipulator “on day one”.

We believe that expectation of India’s (a dirigisme economy) growth miracle (9% plus rate of growth) is quite far-fetched.

Last month, I called attention to an article in Caixin magazine about the implosion in Beijing of something called a “credit guarantee company,” and examined the potential risks such entities pose to China’s financial stability.

India’s growth has slowed to around 6%, high by the standards of developed countries but well below the levels required to maintain economic momentum and improve the living standards of its citizens.

In late 2011, the Indian government’s 12th five-year plan forecast growth of 9% between 2012 and 2017.

n the aftermath of the global financial crisis, optimists hoped that the BRIC (Brazil Russia India China) would drive the global economic engine.

As a prelude to a broader analysis of China’s GDP, and the accuracy of its official GDP figures, I want to start by examining the national real estate statistics for the first four months of 2012.

With political and economic reforms being pressed forward, Myanmar continues to astound the international community with the degree of changes being implemented by the government.

The Chinese housing market is clearly undergoing a correction that may eventually bring housing prices back to a more reasonable level.

The promises of reform at Foxconn are the latest of many as China painfully adjusts to the inevitable social realignment that comes with a capitalist economy.

Below is the weekly guest column by Taylan Bilgic, which was published on Friday at Hurriyet Daily News.

Figure 1: Regional incomes in China Therefore, that one part of the world saves too much and thereby runs trade surpluses means other parts of the world — notably the US — must be running trade deficits.

Well, it looks like it could finally be happening. The Chinese housing bubble could well be bursting right before our eyes.

The clock is ticking. Between now and 2014, upwards of 150,000 foreign troops and 30,000 contractors will start leaving Afghanistan.

While reading Ms. Renu Kohli’s column in MINT yesterday, I was struck by the following sentences:

My friend Mark Williams sent me last week a reference to a very interesting paper written by Malhar Nabar, an economist at the IMF.

The Financial Times reports that the Chinese sovereign wealth fund Huijin will buy shares in the four biggest banks in a move to goose the flagging stock market, which is at its lowest point since early 2009.

The BBC today asked me to comment on how prepared Asia — and China in particular — is to survive a second economic downturn in Europe and the United States. Here’s what I had to say

It takes approximately 30 minutes and 15 kilometers to stop a fully loaded super tanker. Its turning radius is close to 25 kilometers.

History rarely presents us with ironies as rich as those that preceded the death of Osama bin Laden, the al-Qaida chief who dealt a devastating blow to the United States and, indirectly, drove infidel troops from Saudi land nearly a decade ago.

In 2010, remittances accounted for 10% of GDP totaling a record high US$18.8 billion (+8.2% y/y). Remittances provide an integral crutch for domestic consumption (77% of GDP), since they tend to be used to fund education, health-care, and household expenses for family members.

As the European Central Bank moves steadily and earnestly forward with its ongoing rate hike cycle – in so doing sending one fragile economy after another along Europe’s periphery drifting off towards recession

The year 2012 will be a crucial year for Dubai Inc. as a number of significant debt matures in the year. Analysts expect the emirate to service these maturities, but they expect external support. Here’s a look at Dubai’s options.

Pakistan is in an uproar over U.S. violations of Pakistani sovereignty. They are furious over the flight of the SEALs to Abbotabad for the Bin Laden raid and the continued U.S. missile attacks against militants in North Waziristan with inevitable civilian casualties.

Wenzhou’s Case of the Runaway Boss: Numerous Banks Involved

The Philippines’ export recovery barreled on through 2010 on the back of strong demand for electronics, helping to shrink the trade deficit to US$3.3 billion.

Its official – Spain and Portugal will need to be bailed out soon. How do I know? In one of my favorite TV shows, Yes Minister, the all-knowing civil servant Sir Humphrey explains to cabinet minister Jim Hacker that you can never be certain that something will happen until the government denies it.

On June 13, 2010, South Korea announced a series of currency controls to protect its economy from external shocks.

Thailand has continued its struggle to expand democracy since the absolute monarchy was ousted in a 1932 coup—when Siam became Thailand.

Exchange-traded derivatives originally only did commodity underlyings. The world’s first financial underlying was : currencies. On 16 May 1972, the Chicago Mercantile Exchange started trading in currency futures.

Given a U.S. unemployment rate of almost 10 percent, many Americans see China’s trade surplus with the United States as an urgent problem.

You kind of saw this coming didn’t you. Asians remember the Depression that began there a decade ago all too vividly.

CNBC — Dubai’s stock market closed at a one-year low and Abu Dhabi’s market closed at a record low Monday on the back of speculation that Dubai may be facing a debt crisis.

As President Obama meets with Chinese leaders this week, external pressure is building on China for currency appreciation.

The rationale for central bank independence. The starting point of modern thinking on monetary policy is the issue of central bank independence.

Where is India in terms of usage of the Internet? One way to think about this question is to look at specific application areas.

On May 14th, the Central Bank of Kuwait, the Kuwait Investment Authority (KIA) and a number of private companies entered into discussions to establish a fund, or a “bad bank”, to purchase toxic assets from the country’s investment companies’ balance sheets.

For if he had, then ol’ George would have told him that the clear response to a country reporting a -19.7% saar GDP

I recently spent a week in Bangladesh, the country pioneer in microfinance. I had the opportunity of meeting with the senior management of BRAC and Grameen.

Apparently, as I read the economic opinions of the day, the Chinese have made a disastrous investment mistake, acquiring billions of U.S.

In recent days and weeks, most of the GCC governments have announced plans (or hinted at) issuing sovereign bonds. Kuwait, Abu Dhabi, Dubai (of the UAE), Qatar and Bahrain have all suggested they would issue bonds in coming months, totalling several billion dollars.

Equity markets corrected significantly in 2008. The correction has brought with it problems for investors who used “accumulator” structures to purchase “cheap” shares, “cheap” currencies and “cheap” commodities.

Remittances may contract in 2009, according to a model based on the expected income of overseas Filipino workers (OFWs) around the world.

The Satyam scandal has shaken corporate India, and damaged its reputation with investors, domestic and foreign.

George Chen of Reuters reports that both the CIC and SAFE are scaling back their investment in risky assets. Word has come down from on high.

I have been visiting Tokyo this week. The U.S. financial turmoil that started last week following the failure of the Lehman Brothers is clearly felt here as well.

Economic exigencies and political expediency in a country with more Muslim population than Pakistan, at least after six decades of independence, should consider introduction of Islamic Banking as part of reforms in the Banking Sector.

The recent purchases of wheat by Iran from Ameican sources has generated some comment.

In 2006-07, India’s oil import bill was about US $ 48 billion. In 2007-08, it had gone up 40 percent, to US $ 68 billion.