Monthly Archives: August 2009

The Shanghai Index had another massive sell-off this morning, falling by a further 6.7% and making the total loss since August 4th now 23.2%. Chinese analyst Andy Xie was interviewed this morning on Bloomberg Television. He points out that “a … Continue reading →

I think it is clear that Western consumers are in the midst of a generational downshift in consumption. “Spend less and save more” is the new religion of the west and this behaviour is likely to continue en mass for … Continue reading →

Aggressive increases in government spending and investment by state-owned enterprises has cushioned the impact of weak exports. But those gains have not been matched by comparable increases in private consumption. Spending by Chinese households as a percentage of GDP is … Continue reading →