Simon Cox

Nov 20, 2024 | economist.com | Simon Cox

Will that cause an “India shock” for the world economy? By Simon Cox, China economics editor, The Economist China overtook Japan in 2010 to become the world’s second largest economy, a title Japan had held for almost 40 years. It went on to become the world’s biggest manufacturer, a dominant buyer of commodities and the holder of $3trn of foreign-exchange reserves. Its penetration of foreign manufacturing markets was dubbed the “China shock” and its accumulation of foreign assets a “savings glut”.

Nov 19, 2024 | economist.com | Simon Cox

The government’s reliance on public investment is probably not sustainableBy Simon Cox, China economics editor, The Economist Narendra Modi, India’s 15th prime minister, is no great fan of the first person to do the job. Jawaharlal Nehru, who led India from independence in 1947 until his death in 1964, was an urbane socialist who once wrote that the spectacle of organised religion filled him with horror. To him, “the temples of modern India” were dams and other marvels of infrastructure.

Sep 24, 2024 | economist.com | Simon Cox

Finance & economics | May to SeptemberNow it is the government’s turnPhotograph: AFP Sep 24th 2024|Hong KongAs China’s economy has descended into deflation, the central bank’s lack of urgency has been a source of frustration. Officials at the People’s Bank of China (PBoC) at first expressed confidence that deflation was, so to speak, transitory. When it persisted, they worried less about falling prices than about the side-effects of fighting them.

Sep 24, 2024 | economist.com | Simon Cox

Finance & economics | May to SeptemberBut it will need more help from government spendingPhotograph: Reuters Sep 24th 2024|Hong KongAs China’s economy has descended into deflation, the central bank’s lack of urgency has been a source of frustration. Officials at the People’s Bank of China (PBoC) at first expressed confidence that deflation was, so to speak, transitory. When it persisted, they worried less about falling prices than about the side-effects of fighting them.

Apr 24, 2024 | economist.com | Simon Cox |Simon Wright

The American planemaker needs one hell of a pilotFew companies have had a worse start to the year than Boeing. In January a panel plugging an unused emergency exit blew out of a 737 MAX over Oregon. Thankfully the plane landed safely. A preliminary investigation into the near-disaster concluded that the bolts that should keep the panel in place were missing. The incident prompted internal investigations and brought federal regulators to Boeing’s factories to audit manufacturing processes.