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  2. David O'Rear's East Asia Politics & Economics Blog

David O'Rear's East Asia Politics & Economics Blog

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David O'Rear's East Asia Politics & Economics Blog

19.02.2025

US 2024 Trade – David O'Rear's East Asia Politics & Economics Blog

In 2024, US merchandise trade totaled $5.33 trillion, up 4.6% over 2023 and the largest amount in history. Exports totaled $2.07 trillion, up 2.3% and just $1.27 billion below the all-time record set in 2022. Imports rose 6.1% to a new high of $3.27 trillion. That left a $1.20 trillion deficit with the world, the…

David O'Rear's East Asia Politics & Economics Blog

08.03.2025

The Economic Effects of a Potential Armed Conflict Over Taiwan – David O'Rear's East Asia Politics & Economics Blog

St Louis Federal Reserve, February 26, 2025, By  Christopher J. Neely Abstract This article examines the likely economic effects of a Chinese invasion or blockade of Taiwan for the U.S. and the world by considering historical precedents. Such a conflict would likely produce a flight-to-safety in the asset market, huge disruptions in international trade,…

David O'Rear's East Asia Politics & Economics Blog

12.03.2025

China’s 2024 Economy – David O'Rear's East Asia Politics & Economics Blog

According to the official data release, China’s economy grew 5% in real terms in 2024, to Rmb134,908.4 billion (US$18,943.3 billion). That’s equal to Rmb95,797 – US$13,400 – per person. Urban (and national) consumer prices, again according to the official numbers, rose just 0.2% during the year; those in the rural areas rose 0.3%. The renminbi…

David O'Rear's East Asia Politics & Economics Blog

22.03.2025

The Other Deficit – David O'Rear's East Asia Politics & Economics Blog

Last year, America's exports of goods and services rose 3.9% under the Balance of Payments definition while imports were up 6%. Goods – merchandise, durables, or “things you can drop on your foot” – comprise two-thirds of exports and about 80% of imports. As a result, the physical goods deficit rose 14.1%, to a record…

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