The China-Laos railway will help boost ASEAN-China trade BEIJING: The volume of cargo handled via the China-Laos Railway reached a record high of 4.506 million tons from January to October, up 12.8 percent year-on-year, the Vietnam News Agency (VNA) reported, citing a report by China Media Group (CMG). Most notably, trade in high-tech products between China and ASEAN emerged as another significant achievement, with exports of goods such as new energy vehicles jumping by over 285 percent. ASEAN imports of fruits and other agricultural products also increased by more than 27 percent. The total cargo value reached 22.07 billion Chinese yuan (US$3.10 billion), up 45.1 percent year-on-year. An […]

The China-Laos railway will help boost ASEAN-China trade #ChinaLaosRailway #ASEANChinaTrade #TradeGrowth #HighTechExports #NewEnergyVehicles

Are the Chickens of China’s State Capitalism Coming Home to Roost? It was too good to be true. China’s economic growth powered by its exports sector delivered annual rates of real growth between 10% and 14% for years together in the 1980s and 1990s. Something the world watched with awe and admiration, as the Middle Kingdom surged to become the world’s second largest economy in GDP terms. The recent travails of the Chinese economy since the 2008 Financial Crisis and the Covid-19 pandemic have put the brakes on its economic growth, and perhaps some of it could have been avoided.

My thoughts on the problems that China's form of state capitalism might be creating for its economic growth.

#ChineseEconomy
#StateCapitalism
#WeakConsumptionDemand
#HighTechExports
#PriceWars