China

Question 1

When was the Asian crisis?

Answer 1

1997
…

The Asian Financial Crisis, which began in 1997, was a period of financial turmoil that started in Thailand with the collapse of the Thai baht after the government was forced to float the currency due to lack of foreign currency to support its currency peg to the U.S. dollar. This crisis spread rapidly throughout Southeast Asia and affected many countries, leading to severe economic downturns, currency devaluations, and stock market declines across the region.

Question 2

China has run a trade surplus in (…) out of last 40 years

Answer 2

34

Question 3

How did china stocks do in 2023?

Answer 3

CSI 300 was down 22%

Question 4

What’s PE of china stocks?

Answer 4

11

Question 5

Why is it getting harder for china to export?

Answer 5

Protectionism
Wariness of authoritarian regimes

Question 6

What is chinas economic plan to deal with its troubles?

Answer 6

Raise consumption (demand for goods and services in china and its 1.4b people)
Ie rebalancing the economy

Question 7

How has china property market done?

Answer 7

Strong growth since 2000. Sales down from 15T to 12T RMB from 21 to 23

Question 8

How many rmb can you get with usd

Answer 8

7

Question 9

Describe economic profile of Chinese person?

Answer 9

Low consumption vs what they make
Consumption in china counts for 53% of gdp
Vs 72% of world

Question 10

What are some levers that could increase Chinese consumption?

Answer 10

• give people handouts
• make them feel more financially secure (better health care and pensions)
• hokou - give migrant workers status in the town where they live to access local amenities
• lower house prices may help
• aging population - who will produce less