All Roads Lead to China:

In Brad Setser’s recent piece Secrets of SAFE: A sharp slowdown in reserve growth and large “hot” outflows in q4…. I found the graph below Speaks volumes. Anyone care to predict the next three splice for M12 2009, M12 2010,  M12 2011?

Important Announcement Major shipping, aviation funds to boost reforms Wal-Mart, Carrefour Spur Local Logistics Alliance China Eastern Airlines to post ‘significant loss’ for 2008 China railways: Slowing economy means flat rail cargo volume for 2009 Read the rest of the news after the break.

Following the receipt of Wang Tao’s report, and after reading Victor Shih’s email, I took a bit of time to write down some thoughts in an email to victor (which I have copied below). Not an alarmist by nature, I believe that Victor response does resonate with me more than Wang Tao’s, however in general [...]

With little doubt in anyone’s mind that the impact of the global crisis impacting China, the focus has changed.  It has become a guessing game of what the impact points will be, and how severe those impacts will be. One of the more interesting questions relates to the impact of layoffs.  We began hearing about [...]

Prior to the new year, and in preparation for an interview, I asked readers to send in their thoughts on the prospects for the new year.  I received some interesting responses, none of which were willing to do so using their name on All Roads, but I convinced one person to allow me to post [...]