(Jan. 27, 2016) An extended version of my column on “China’s slowdown” now appears at VoxEU, including academic references.
China crash?
Tag Archives: Chinese
China’s Slowdown
(Jan. 22, 2016) Investors worldwide are closely watching the steep decline in China’s stock market. The Shanghai Stock Exchange Composite Index is down more than 40% since June 2015.
The reason observers are concerned is not because they themselves are invested: China’s stocks are overwhelmingly held by Chinese themselves. Rather, many are interpreting it as evidence that China’s economy is going down the tubes.
Misinterpreting Chinese Intervention in Financial Markets
(9/7/2015) It is tempting to view economic events in China through a single template: the view that they are driven by government intervention because the authorities haven’t learned to let the market operate.