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Robert Pauls
@robertpauls.bsky.social
Assistant Prof at Xi'an Jiaotong-Liverpool University. Political economy of China's socioeconomic transformation, monetary policy, industrial policy. www.robertpauls.net
88 followers307 following43 posts
RProbertpauls.bsky.social

@drfranksauer.bsky.social super ab Minute 27-33 zur Rolle von Theorien in den IB/Sozialwissenschaften und ihre Fehlanwendung.

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RProbertpauls.bsky.social

I find the drawbacks of getting specific words wrong small compared to the benefits of improving general speaking fluency. The quality of CGPT’s Chinese seems to be very good overall, according to some native speakers.

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RProbertpauls.bsky.social

Easing credit at one end of the financial system, while plugging risks at the other is a bit like nailing the proverbial pudding to the wall. Under these conditions, it seems likely that windows guidance will play a stronger role again in micromanaging financial actors. (3/x)

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RProbertpauls.bsky.social

I believe that this episode illustrates how the PBC's balance sheet has become more central for managing macro-financial conditions in the Chinese economy, embedding it more tightly into the contradictions of managing a declining growth model. (2/x)

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RProbertpauls.bsky.social

The PBC is now de-risking the stock market to prop-up asset prices. This comes only a few weeks after its attempt to guide down bond prices for fear of financial instability, while previously, the PBC's own lending have created the conditions for banks to pile into bonds in the first place. (1/x)

Will China’s $100bn war chest for shares lift the real economy?
Will China’s $100bn war chest for shares lift the real economy?

Investors welcome ‘unprecedented’ central bank loans to try to boost markets but analysts say fiscal stimulus is needed

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RProbertpauls.bsky.social

I find it surprising that Chinese manufacturers of e-scooters haven't tackled the European market yet, given how well-developed the Chinese market and products are. on.ft.com/3B71DXP

India’s Hero to launch electric scooters in UK and Europe
India’s Hero to launch electric scooters in UK and Europe

Chief Niranjan Gupta says launch into developed markets planned for mid-2025

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RProbertpauls.bsky.social

The alternative would be industrial policy, but the scope for this is limited under current rules, and a political majority to changes these seems far away.

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RProbertpauls.bsky.social

The EU is contractually restrained to operate with “market conforming” instruments. Its response to the problem of unequal international CO2 prices is the Carbon Border Adjustment Mechanism, a tariff. Its costs will primarily be borne by EU households.

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RP
Robert Pauls
@robertpauls.bsky.social
Assistant Prof at Xi'an Jiaotong-Liverpool University. Political economy of China's socioeconomic transformation, monetary policy, industrial policy. www.robertpauls.net
88 followers307 following43 posts