Tag Archives | UK

China’s Capital Flight Challenge

By John Richardson

CHINA’s economic statistics continue to take your breath away.

For example, in 1993, the country’s nominal GDP totalled around $613bn compared with estimates of around $9 trillion for 2013.

But who owns most of this new-found wealth?…

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The more you look at the data…..

Deep in the heart of the great wealth gap

Source of picture: Blogmlive.com

….the more convincing seems to be the argument that financial and commodity markets have got way ahead of the recovery in the real economy.

Take a recent …

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“Real” people start to suffer even more

I grew up in a small town called Bingley in West Yorkshire in the UK, where there are two major employers – the head offices of a building society (or what was once a building society, but became a failed …

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