China Watching

The Economist has a timely, and very sobre assessment, of the state of the Chinese company (or should that be the Chinese state company, in any event Howard French has posted the entire piece, just in case we get link-rot), Brad Setser has a very well argued post on how China effectively seems to be continuing to operate a dollar peg (“Rather than pegging at 8.28, China is now seems to peg at 8.095-8.11”), and Asia Pundit Myrick has an excellent round-up of the general state of the argument in the ongoing ‘China Soft or Hard Landing’ debate.

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About Edward Hugh

Edward 'the bonobo is a Catalan economist of British extraction. After being born, brought-up and educated in the United Kingdom, Edward subsequently settled in Barcelona where he has now lived for over 15 years. As a consequence Edward considers himself to be "Catalan by adoption". He has also to some extent been "adopted by Catalonia", since throughout the current economic crisis he has been a constant voice on TV, radio and in the press arguing in favor of the need for some kind of internal devaluation if Spain wants to stay inside the Euro. By inclination he is a macro economist, but his obsession with trying to understand the economic impact of demographic changes has often taken him far from home, off and away from the more tranquil and placid pastures of the dismal science, into the bracken and thicket of demography, anthropology, biology, sociology and systems theory. All of which has lead him to ask himself whether Thomas Wolfe was not in fact right when he asserted that the fact of the matter is "you can never go home again".