Author: efe5vy

China Demonstrates that No Economy is Immune to the Effects of the Coronavirus – Elizabeth Elliott

The Chinese government is working to expand domestic demand in order to promote public consumption. This investment in the public is to be funded by special central and local government bonds, and could be worth as much as 4-5 trillion yuan, or $566-708 billion, for the year. Despite these efforts, China still faces a major problem. Rural Chinese have essentially… Read more →

Elizabeth Elliott: The Necessity for Reconciliation to Save the Global Economy

The relationship between China and the global economy is changing daily. Before spring break, I was examining how the novel coronavirus was affecting China’s position as the largest economy in the world. Now, headlines have shifted as the U.S. has more cases of the virus than any country in the world and it is becoming increasingly imperative that the U.S.… Read more →

China and the International Impact of Coronavirus – Elizabeth Elliott

I wrote my first blog post about the potential the coronavirus had to harm the Chinese economy and, by extension, the global economy. It is crazy to see the evolution of what were theories and possibilities just four weeks ago develop into realities that are shaping the international economy now. The S&P 500 index fell to its worst loss in… Read more →

Consequences of the U.S. China Trade War Felt Throughout the World – Elizabeth Elliott

Since the beginning of his presidency in 2016, Trump has repeatedly accused China of unfair trading practices, leading to the onset of the trade war between the U.S. and China in 2018. Trump had intentions of promoting the selling and purchasing of American made goods, but the trade war has led to the loss of 300,00 American jobs and Americans… Read more →

Elizabeth Elliott – International Finance and China

Despite being the world’s second largest economy, China’s economy lags behind other high-income countries in terms of real GDP per capita, labor productivity, and human capital. Around 373 million Chinese still live below the poverty line of US $5.50 a day. In 2019, the country experienced its slowest economic growth since 1992. Already facing heightened U.S. trade pressure and stagnant… Read more →