Posts by John Ross

  China’s foreign exchange reserves, already the world’s largest, rose to $3,081 billion in July from $3,057 billion in June of 2017.  This exceeds the expected rise to $3,070 billion. ​This is the 6th successive month China’s foreign exchange reserves have risen. The total rise since January 2017 has been $83 billion. ​This increase, of course, refutes another of the…

  On 7 August the Financial Times carried an accurate front page headline ‘Beijing hails success in battle against capital flight’. The article noted: ‘Data released on Monday indicate that Beijing’s support for the renminbi and a crackdown on foreign dealmaking and other outflow channels have largely succeeded in curtailing capital flight…. At the same time, forex reserves rose for a sixth…

  A very interesting and important article by Maria Ryan, Lecturer in American History at the University of Nottingham, has been published by The Conversation on the facts of why the 1994 nuclear deal between North Korea and the US collapsed. It establishes clearly that North Korea delivered its side of the bargain and the…

  The Financial Times today carries an excellent article ‘The East is Turning Green’ by Helen Wong, chief executive, Greater China, at HSBC. Unfortunately it is behind a paywall but for those without a subscription to the FT some of the data is so important it should be widely available, Those who are able to should…

  ​The Financial Times today publishes a podcast by Michael Pettis – an author belonging to the ‘China will have a drastic slowdown’ school who the FT has published before. Pettis is cited in some media as a ‘China expert’ – the Carnegie Endowment for International Peace, where he is a Senior Fellow, describes him as ‘a…

  Much analysis in the Western media very much underestimates the significance of China’s One Belt One Road (B&R). The reason for this is that it is difficult for the West to adjust to a reality whereby the main locomotives of world growth are not in the US or Europe but in Asia and developing in…

  Earlier this week I finished an article “Growth in the G7 ‘Great Stagnation’ Will be Slower than in the Great Depression“. It was for my column in Chinese at Sina Finance Opinion Leaders. By coincidence, but probably stimulated by similar developments, Martin Wolf, chief economics commentator of the Financial Times, wrote an article for that…

‘US calibrated provocation to China’ is the title of a  very informative  article by China.org.cn columnist Sajjad Malik. It outlines how Trump is ‘quietly’ but determinedly continuing his anti-China policy. It is worth quote the key passage. ‘Donald Trump might have lowered his anti-China rhetoric after the famed meeting with President Xi Jinping in Florida; however,…

  China’s latest economic data was published today (17 July 2017). It showed strong growth on all key indicators. Compared to the same period in the previous year: GDP rose 6.9%; Industrial value added rose by 7.6%; Retail sales grew 11.0%; ​Urban fixed asset investment rose 8.6%. This is a performance exceeding any major Western…

  Foreign Policy magazine presents itself, and often is, a serious US source of analysis of international relations. However its dogmatic blinkers on China, its failure to face facts, lead it to sometimes publish almost comically  inaccurate analyses of China’s economy. ​A classic case comes in the recent issue in an article entitled ‘China’s Seen…