Derek Scissors

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Last quote by Derek Scissors

There is not now, nor has there ever been, any magical connection between GDP and jobs. This doesn't make any sense economically, but it's perfectly clear politically.
Mar 06 2017
We can learn a lot about a person if we know what types of things he or she talks about or comments on the most frequently. There are numerous topics with which Derek Scissors is associated, including China and Chinese. Most recently, Derek Scissors has been quoted saying: “There is not now, nor has there ever been, any magical connection between GDP and jobs. This doesn't make any sense economically, but it's perfectly clear politically.” in the article China's National People's Congress kicks off with weakened, politically-minded growth target.
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Derek Scissors quotes

What? Did they just produce the goods and leave them on the factory floor and they never went anywhere?

There's a lot of invoicing that changes in December as companies clean up their books. I just think you don't want to over interpret December numbers.

There's a heightened risk that the Chinese are going to be more aggressively predatory on trade. Everybody who competes with China – their profits are now in jeopardy.

The Chinese economy has been "weakening for years.

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