By Chi Lo
The worry that China's aggressive pressure will set off one other Asian problem is defective. This e-book dispels the myths at the back of the political rhetoric of the China monetary possibility and identifies the true threat for Asia. Combining rigorous study, monetary good judgment and real-world examples, traditional pondering is debunked and the findings are irresistible.
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Additional info for Phantom of the China Economic Threat: Shadow of the Next Asian Crisis
How dependent is Asia on China? A demand threat from China has been bothering Asia recently. As Asia enjoys a big economic boost from the Mainland's robust demand for its imports in recent years, it is also becoming clear that the regional economic growth is being held hostage by the Chinese demand. Naturally, Asia's worry about China's demand threat has intensified, as its reliance on China as a major export market has risen. The question is how dependent is Asia's economic well-being on China'?
It affects the bottom lines and stock prices of large multinational companies, ranging from US consumer goods giant \Val-Mart to British mining giant Rio Tin to, who benefit significantly from China's huge appetite for finished goods and raw materials. The Chinese growth effect goes beyond the goods market to as far as foreign exchange where seemingly remote currencies, such as the Australian and Canadian dollars, are affected due to their commodity-based economic nature. Last but not least, it affects investor expectations of the future outlook for industrial sectors, such as cars, power, steel and metals.
Lt was the thought that Chinese authorities might have to slam on the monetary brakes to curb China's growth that caused the financial ripple across the region. China's record of boom/bust grmvth intensified the fear that policy errors could tip the economy into a hard-landing, 4 killing the world's growth engine. There have been three violent economic cycles, each with a swing in GDP growth of over 10 percentage points (Figure 1:4), since China began her economic reforms in 1978. 4 ppts ? -"' ·""\ ppts 12 10 I >-0 8 >- I I The concern in 2004 was that it might be the peak of the cycle to be followed by a violent drop in growth I \ ,.