In this post, I’m going to try to tackle a pretty complicated topic: China’s currency exchange rate. Or should I say lack thereof. This is a very hot-button topic in global economics and politics. You’ve probably heard anything from the intelligent “China does not freely float its currency” to the emotional “China is a currency cheater and steals jobs from Americans.” …
So as I did for Japan, I wanted to throw out a few random thoughts and opinions from our time in China. As we are walking around, shopping, researching, or whatever else is going on… I try to take little notes of the times when one or both of us says “that’s cool” or “that’s weird.” So here goes for China.<- …
So in my prior post on China, I shared a few pics, videos, and thoughts on the random rows of apartment/condo towers that we saw, often in the middle of nowhere, on our train ride through Northern China, concluding that post with the following thought: “China is like a shark. It must keep swimming or it will die. Except ‘swimming’ is really …
So. Let’s get a post out there on China’s economy. Which is really really big. China passed Japan not so long ago to take the silver for 2nd largest economy in the world. <- – – Click this little footnote. The Chinese economy is huge, coming in at about 10.4 trillion dollars for 2014. So obviously this post isn’t going to fully …
In the prior three parts to this series, we explained that Japan has a demographic problem (part 1), a debt problem (part 2), and that the two are likely to collide in the coming years (part 3) when Japan eventually is faced with higher interest rates.<- – – Click this little footnote. So to close out the series we’ll take a …
