Category: economy
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China’s New Social Housing Policy: An Attempt to Resolve Dilemmas in the Current Development Model
Written by Timna Michlmayr The Chinese government announced significant changes in the regulation of the real estate market in the course of the Central Financial Work Conference in early November (refer to Document No. 14, “Guanyu Guihua Jianshe Baozhangxing Zhufang de Zhidao Yijian“). Emphasis was placed on the swift advancement of the so-called “three major… Read more
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China’s Planned Financial Policy Focuses on Stability: the Regulation of Local Debts is a Central Element that Requires Drastic Measures
Written by Timna Michlmayr Between October 30 and 31, the Central Financial Work Conference (Zhongyang Jinrong Gongzuo Huiyi), which is held every two years in China, convened in Beijing. At this gathering, officials engaged in discussions regarding the country’s financial objectives for the next five years. The meeting has taken steps towards “financial development with… Read more
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Economic Policy Lecture in Linz: Events like These are Urgently Needed!
On Monday, October 23, 2023, I had the privilege of delivering a one-hour lecture on Chinese economic policy at VHS LINZ. During the lecture, I discussed the driving forces and reform measures of China’s economic transformation since the late 1970s. Within this context, I also explored the current challenges facing the Chinese economy and attempts… Read more
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Join My Lecture on China’s Economy in Linz!
Are you interested in the fundamentals of the Chinese economy and its transformation? As part of the ‘China unter Xi Jinping‘ series, I will give a lecture on China’s economy at the Volkshochschule Linz (VHS Linz) on October 23, 2023, at 7:00 PM. In the presentation, I will discuss China’s political-economic transformation since the beginning… Read more
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China’s Real Estate Crisis – Once Again – Highlights a Dilemma in the Political-Economic System
Written by Timna Michlmayr The challenges in the real estate sector are rooted in an institutionalized financing system that China is unwilling – or unable – to depart from China’s current economic situation remains inherently precarious. As exports and imports plummet, private consumption wanes, debts soar, and youth unemployment reaches such alarming levels that official… Read more
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Chinas Immobilienkrise offenbart – erneut – ein Dilemma des politisch-ökonomischen Systems
Von Timna Michlmayr Hinter den Herausforderungen im Immobiliensektor steckt ein institutionalisiertes Finanzierungssystem, von dem man nicht abweichen möchte – oder kann Zusammengefasst muss man Chinas derzeitige wirtschaftliche Lage nach wie vor als „fragil“ bezeichnen. Während Exporte und Importe einbrechen, der private Konsum schwächelt, die Schulden steigen, und die Jugendarbeitslosigkeit so hoch ist, dass die Zahlen… Read more
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Cracks in “Anti-Chinese EV Bastion”? European Commission’s Anti-dumping Probe Exposed Deep Differences between French and German Automakers
Written by Jan Železný „Global markets are now flooded with cheaper Chinese electric cars. (…) And as we do not accept this from the inside, we do not accept this from the outside. So I can announce today that the Commission is launching an anti-subsidy investigation into electric vehicles coming from China.“ That was one… Read more