While China’s Singles’ Day is the world’s biggest shopping day, food and other necessities dominate Chinese consumer spending more than in richer countries.
While some high middle income economies have slowed down and then accelerated again, using World Bank criteria, China’s economic growth is tough to predict.
Currently slowing down, China’s economic growth might be challenged by the middle income trap that has caught Brazil but not Taiwan or Malaysia.
Showing the purchasing power of different currencies and under-and overvaluation, the Big Mac Index can provide an understanding of the yuan devaluation.
Displaying a shift in comparative advantage, some Chinese textile manufacturers are locating their factories the the U.S. rather than China.
Ignoring Adam Smith’s ideas, the EU will probably tell us by 2016 that China has a market economy because the World Trade Organization requires a decision.
While many nations have deposit Insurance and China will have theirs very soon, the quality and the confidence in different deposit insurance schemes vary.
Purchasing less expensive luxury goods like Prada and Louis Vuitton, China’s growing middle class displays Thorstein Veblen’s conspicuous consumption.
If a performance metric is known, the people being evaluated have an incentive to shift their behavior so that their scores improve but not the job they do.