A great new tool for data visualization: y/y growth rates as of 2022Q1:
A public service from the Council for Foreign Relations Greenberg Center for GeoEconomic Studies, headed by Benn Steil.
Suggestions for additions – color map by growth-potential growth differentials, and by output gap…
Your great/useful CFR link “find” reminded me of our good man Mr Brad Setser (Who I have stated before is one of my two favorite “white dudes” to discuss and learn new things about economics in China). Don’t ask me why I respect Brad Setser so much but can never seem to remember his damned name. The human brain is a strange thing (or certainly mine is). Be interesting to magically go into Brad Setser’s mind and ask him how he feels about the speed bumps encountered by the Build Back Better program??? Perhaps, as civilized and polite as Mr. Setser appears to be, when asked about the inability to pass much of “Build Back Better” into legislative fruition Setser would do his personal imitation of Uncle Moses and turn the air blue with horrid vulgarity.
I only said “perhaps”……..
Another look at the slow moving train crash of China’s real estate sector (which is 30% of their GDP)
They are trying to backstop all the bad financial stuff. But the only thing that really matters is whether you can you “backstop” peoples confidence in banks and in “the system”. Allowing real estate to become 30% of GDP is absurd, but how do you step back from that without a devastating panic?
July 22, 2022
Chinese mainland records 200 new confirmed COVID-19 cases
The Chinese mainland recorded 175 confirmed COVID-19 cases on Thursday, with 106 attributed to local transmissions and 69 from overseas, data from the National Health Commission showed on Friday.
A total of 836 asymptomatic cases were also recorded on Thursday, and 5,481 asymptomatic patients remain under medical observation.
The cumulative number of confirmed cases on the Chinese mainland is 228,355, with the death toll from COVID-19 standing at 5,226.
Chinese mainland new locally transmitted cases
Chinese mainland new imported cases
Chinese mainland new asymptomatic cases
July 21, 2022
Cases ( 91,942,744)
Deaths ( 1,051,235)
Deaths per million ( 3,163)
Cases ( 228,180)
Deaths ( 5,226)
Deaths per million ( 4)
Correcting my error in headline:
July 22, 2022
Chinese mainland records  new confirmed COVID-19 cases
Ukraine grain exports to resume!
Try this link
I’m not sure how to digest this “deal”. I’m very leery on how it plays out.
Many red flags. Example A: “A deal mediated by Erdogan”.
My understanding is that Erdogan wants to head off Russian domination of the Black Sea. He has out Russia on the spot by telling hungry parts of the world he will arrange for food if Russia will surrender some authority over the Black Sea to him.
Bad economist. Good politician.
The old wax build-up in the ears giving me problems. Say again???
FT has had some great articles on China’s debt situation, but recently I can’t get around the “FT” paywall. Hopefully WSJ will have some similar stories cuz I have a little bit easier access to that.
Real GDP per capita, level and change. Gini and Gini change. Social metrics, level and change. CO2 output per capita, level and change.