Come on', 'There will be a recount' in Georgia.
It has identified 113 areas of reform and categorizes them into three areas: the fast lane, the slow lane and the standing zone.
.css-1hlxxic-PromoLink:link{color:inherit;}.css-1hlxxic-PromoLink:visited{color:#696969;}.css-1hlxxic-PromoLink:link,.css-1hlxxic-PromoLink:visited{-webkit-text-decoration:none;text-decoration:none;}.css-1hlxxic-PromoLink:link:hover,.css-1hlxxic-PromoLink:visited:hover,.css-1hlxxic-PromoLink:link:focus,.css-1hlxxic-PromoLink:visited:focus{color:#B80000;-webkit-text-decoration:underline;text-decoration:underline;}.css-1hlxxic-PromoLink:link::after,.css-1hlxxic-PromoLink:visited::after{content:'';position:absolute;top:0;right:0;bottom:0;left:0;z-index:2;}China's economy in electricity and freight. Maybe we should start using figures from e-commerce platforms such as Alibaba and JD.com in order to better understand the dynamism of China's internet-savvy shoppers. China does not have monthly data on the growth of the services sector and monthly data on retail sales may not reflect the true state of private consumption. Chinese Premier Li Keqiang was quoted as saying that he preferred to use a range of direct indicators of economic activity (as opposed to GDP) when assessing economic growth (See The Economist, Dec 9th, 2010). The Li Keqiang index showed a much sharper slowdown in 2015 than official GDP. Come on', 'There will be a recount' in Georgia. He thinks this is making the country uncompetitive. At the end of 2015, the services sector accounted for more than 50 percent of GDP. The Li Keqiang index is more relevant than official GDP for almost every commodity and currency that we tested. And the index showed a much stronger rebound. The Li Keqiang index is falling from favor as a way of tracking the Chinese economy, just when investors are in real need of insight. Paul Krugman says all economic data is best viewed as a peculiarly boring genre of science fiction, but Chinese data is even more fictional than most. Li recognizes the problem and says “the macro-economic policy of many countries is set according to the surveyed unemployment rate. Read about our approach to external linking.
Some suspect the figures look worse than the official urban registered unemployment rate.
Primeiro-ministro da República Popular da China, Creative Commons Attribution-ShareAlike 3.0 Unported License, This page is based on the copyrighted Wikipedia article. However, as the country's services sector contributes two thirds of economic growth, it begs the question whether the index is still relevant. He is right in pointing out that China's economy is going through a period of transition. Li, who has a doctorate in economics, points out consumption is now responsible for 60 percent of growth in China. So, the new Li Keqiang Index could include data on unemployment, wage growth in both city and rural areas, the progress on reforms and, for good measure, I would throw in retail figures.
They're still counting the votes' Video, 00:03:14, 'What do you mean? Fortunately, Caixin, a respected business publication in China, has developed an index that gauges the progress of reform. Back in April last year, Li reiterated that the unemployment figure, urban and rural income levels and structural reform were the three key goals of the Government. And the index showed a much stronger rebound. Video, 00:01:05'Stop the count' or 'count the votes'? This is a key driver of the current consumption boom. “Li Keqiang” Index” highly related to economic growth rate Observation and analysis of economic situations in accordance with such indexes as industrial power consumption volume, railway freight volume and medium and long-term loan balance have a theoretical basis in economics and complies with practical conditions of China’s economic development. He is also a journalist with Business Spectator and the Australian, focusing on China’s political economy.
Over the same period, the manufacturing sector dropped to 41 percent of GDP. The 2016-17 rebound, however, may be giving way to renewed weakness. The Li Keqiang index showed a much sharper slowdown in 2015 than official GDP. Image: Wikimedia Commons/ Pablo Tupin-Noriega. Video, 00:01:49China's economy in electricity and freight, Up Next, Graduates chase the 'Chinese Dream' Video, 00:02:17Graduates chase the 'Chinese Dream', Chinese bikers ride economic growth. So what should we look out for? Video, 00:03:05, China seeks to rebalance its economy. Ironically, the most famous and used alternative measure is named after China's Premier, Li Keqiang. When Li confessed to the American ambassador about his lack of confidence in economic data, the services industry accounted for 41.89 percent of GDP. Both city folks and rural laborers are experiencing strong income growth. In response to that revelation, The Economist compiled a “Li Keqiang index” – based on those three indicators – which is used by some investors to keep tabs on Chinese economy.
The demand for passenger transport, in contrast to freight, is soaring as domestic tourism booms,” Lardy says.
So the Li Keqiang Index makes a lot of sense when applied to China's industrial economy rather than its growing services economy. This article first appeared in the Interpreter. The Nobel laureate is not the first, and certainly will not be the last, to point out the unreliability of Chinese data. Imaginative economists, fund managers and commentators have developed a variety of alternative measures of gauging the Chinese economy.
The Li Keqiang Index Is Dead, Long Live the New Li Keqiang Index by Peter Cai Paul Krugman says all economic data is best viewed as a peculiarly boring genre of … Video, 00:01:50China seeks to rebalance its economy, 'Look at us, we matterâ Video, 00:01:29'Look at us, we matterâ, 'Happy day' for Pelosi, but Graham says 'fight hard' Video, 00:01:56'Happy day' for Pelosi, but Graham says 'fight hard', 'Please have patience' Video, 00:00:44'Please have patience', 'All of a sudden Trump's losing? Índice Li Keqiang ou índice Keqiang ( chinês : 克强指数 ), criado pela The Economist para medir a economia da China através de três indicadores, como teria preferido por Li Keqiang , atualmente o Primeiro-ministro da República Popular da China , como melhor indicador econômico do que os números oficiais do PIB . He argues, in the Economist no less, that the index is less relevant nowadays than before. 'Stop the count' or 'count the votes'?
They're still counting the votes' Video, 00:03:14'What do you mean?
Video, 00:01:22Trump claims 'interference', but without evidence, One-minute World News. In fact, when the National Bureau of Statistics releases its data it’s usually greeted with derision and disbelief. De acordo com um memorando do Departamento de Estado (lançado pela WikiLeaks ), Li Keqiang (então secretário Partido Comité de Liaoning ) disse a um embaixador dos Estados Unidos em 2007 que os números do PIB em Liaoning não eram confiáveis e que ele mesmo usou três outros indicadores: o volume de carga ferroviária , consumo e empréstimos desembolsados pelos bancos eletricidade. China’s wage increase looks good. 'What do you mean? Video, 00:01:22, Trump claims 'interference', but without evidence, Biden: 'Each ballot must be counted' Video, 00:01:45, 'Stop the count' or 'count the votes'?
O 'índice Keqiang' também é usado por Haitong Securities lançado em 2013, sugerindo desaceleração do crescimento econômico da China desde o início de 2013. Video, 00:01:05, 'What do you mean? Come on' Video, 00:02:05, 'All of a sudden Trump's losing?
China's economy in electricity and freight. The Economist created an index in honor of him and the measure has gained popularity over the time.
The BBC's Linda Yueh explores what has become known as the 'Li Keqiang Index', an alternative measure of the country's economic growth based on electricity consumption, railway freight and lending. So far, to the best of my knowledge, they have not released this data. The most high-profile critic is none other than the premier himself. We know this thanks to Wikileaks. Some old engines are sputtering and new ones are firing up. Peter Cai is a research fellow at Lowy Institute for International Policy.
Video, 00:03:05Chinese bikers ride economic growth, China seeks to rebalance its economy. The BBC is not responsible for the content of external sites.
Video, 00:01:11, Trump claims 'interference', but without evidence. They're still counting the votes'. Li has offered some clues in his past speeches.
Nicholas Lardy, a seasoned China watcher from the Peterson Institute of International Economics, explains this change convincingly.
World Economics 'Li Keqiang' Index . .css-8h1dth-Link{font-family:ReithSans,Helvetica,Arial,freesans,sans-serif;font-weight:700;-webkit-text-decoration:none;text-decoration:none;color:#FFFFFF;}.css-8h1dth-Link:hover,.css-8h1dth-Link:focus{-webkit-text-decoration:underline;text-decoration:underline;}Read about our approach to external linking.
Expanding demand for services such as healthcare, education, entertainment and travel generates little or no demand for industrial goods, electric power or freight transport. Beijing knows this and wants to change the collection method in line with international practice. Economists need a new index to reflect the changing reality in China. © Copyright 2020 Center for the National Interest All Rights Reserved.
I. For example, he said at the Hamburg Summit of the China-Europe Forum in 2014 that the Government was prepared to accept lower growth if the following conditions were met: strong employment growth, stable consumer prices, wages increases and better environmental protection. We have come to a point, where this data is equally important for us.”. Video, 00:01:49, China's economy in electricity and freight, Up Next, Graduates chase the 'Chinese Dream' Video, 00:02:17, Chinese bikers ride economic growth. © 2020 BBC. The 2016-17 rebound, … Let's start looking at China's unemployment figure which, although it looks good on paper, is deeply flawed. From July 2015 onwards, 15,000 interviewers have been surveying 120,000 households every month to gauge the true state of the employment situation. Analysts could use the Caixin index as a proxy for measuring the progress in reform. Video, 00:01:02One-minute World News, Biden: 'Each ballot must be counted' Video, 00:01:45Biden: 'Each ballot must be counted'. Video, 00:01:50, 'Look at us, we matterâ Video, 00:01:29, 'Happy day' for Pelosi, but Graham says 'fight hard' Video, 00:01:56, 'Happy day' for Pelosi, but Graham says 'fight hard', 'All of a sudden Trump's losing? Índice Li Keqiang - Li Keqiang index Da Wikipédia, a enciclopédia livre Índice Li Keqiang ou índice Keqiang ( chinês : 克强指数 ), criado pela The Economist para medir a economia da China através de três indicadores, como teria preferido por Li Keqiang , atualmente o Primeiro-ministro da República Popular da China , como melhor indicador econômico do que os números oficiais do PIB . The BBC's Linda Yueh explores what has become known as the 'Li Keqiang Index', an alternative measure of the country's economic growth based on electricity consumption, railway freight and lending.