Understanding China's Economic Indicators: Translating the Data into Investment Opportunities (paperback) by Thomas Orlik

Understanding China's Economic Indicators: Translating the Data into Investment Opportunities…

byThomas Orlik

Kobo ebook | July 7, 2011

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In Understanding China’s Economic Indicators, leading economist and Wall Street Journal columnist Thomas M. Orlik introduces 35 of China's most significant economic statistics. Orlik explains why each indicator matters, how it is collected and computed, and its impact on equity, commodity, and currency markets.


As China has emerged as a central player in the global economy, more and more investors are seeking profitable opportunities there. To choose the right investments, it's crucial to understand China's economic environment–and that means finding, interpreting, and utilizing China's growing base of economic indicators. Orlik helps investors make sense of data on everything from Chinese GDP growth to inflation, unemployment, bond yields, electricity production, and aircraft passenger numbers. He draws on the best information supplied by the Chinese government's statistical agency, ministries, and industry associations, as well as private sources. Each indicator is clearly described, along with a practical discussion of its implications for investors.

Title:Understanding China's Economic Indicators: Translating the Data into Investment Opportunities…Format:Kobo ebookPublished:July 7, 2011Publisher:Pearson EducationLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0132620219

ISBN - 13:9780132620215

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Rated 5 out of 5 by from Author Promotes Overseas Understanding Author Tom Orlik is a former economist and political speechwriter currently working as the China correspondent for the Wall Street Journal. His deep knowledge of China’s economic statistics, political structure and recent economic development, and his ability to write very, very clearly make this book an outstanding starting point for all wishing to understand China better or to invest there. An excellent companion to Burton Malkiel’s ‘From Wall Street to the Great Wall’ or Jim Rogers’ ‘A Bull In China’. A full book about esoteric economic indicators may seem a bit dry, but it flows well and there is ample practical advice for the average investor. In separate chapters, Orlik covers China’s national output, investment and real estate, household sector, external sector, labor markets, prices, and financial indicators. Each chapter is broken into sub-sections, with information on the timing (hour, date, frequency) and location of the data (with hyperlinks for those reading on an e-book); its market sensitivity and whether it is subject to revisions; and an explanation of what it is and why it is important. For investors, each chapter concludes with advice on the impact an economic indicator might have on equities, commodities, or foreign exchange. The following excerpt from the section on foreign exchange and gold reserves in chapter five is an example. ‘Changes in China’s holdings of gold have obvious implications for international gold prices. But with the PBOC announcing changes in its holdings at such irregular intervals, and changes in recorded holding not necessarily signalling current purchases, markets should be leery of interpreting the data as evidence of stronger or weaker demand from China for gold.’ Investors will be thankful for the practical and sometimes actionable advice, and importantly they will come away from the book understanding why certain information is important and why other information is not. In another chapter examining China’s GDP growth, Orlik counsels not just to look with an eye to its rise or fall, but also to the government’s likely policy response; whether it will take away or spike the punch bowl via a change in interest rates, and following that the impact that might have on both construction and local government tax revenues. We in the West are familiar with the importance and workings of our central banks, but we learn that some of the economic drivers and impacts are different in China, resulting in different monetary policy considerations. Remarkably clearly written with excellent explanations of what each survey, data point, or news source means to economists and investors. Despite the danger of jargon or digression, Orlik maintains a clear style and never loses focus or strays from his stated objective. As a result he has produced a highly readable and useful book which will definitely help readers understand China’s economic indicators and invest more wisely.
Date published: 2011-11-22