Back in 2004, when I ran the China desk at the International Monetary Fund, my team sent some written questions to Beijing ahead of our meetings with Chinese officials. China’s central bank had claimed that the value of the currency, the renminbi, was determined by market forces. But to the rest of the world, it looked like the currency’s value was tightly managed — so tightly that its value relative to the U.S. dollar did not change. We asked how this was possible if the exchange rate was …
Economic observers have reason to believe that China’s economy is reaching a turning point or is already in the midst of comprehensive change. Slowing rates of growth and serious problems in the country’s stock market are the most visible signs of such change. The Chinese president acknowledged this situation back in May 2014 when he put forward the term “New Normal”, or Xin Changtai, which he described as a new strategic opportunity for China’s development. …
The debate about whether China faces a hard or soft landing is little more than semantics to shareholders of the world’s miners, who have seen their stocks lose three-quarters of their value since 2011.
In its ongoing quest for glory and global influence, China appears to have won a notable victory. The International Monetary Fund is set to anoint the renminbi -- the "people's currency," also known by the name of its biggest unit, the yuan -- as one of the world's reserve currencies along with the dollar, pound, euro and yen. For those who fear (or hope) that China will eventually transform the postwar economic order, this appears to be the first step toward dethroning the dollar.
The execution of one of its citizens might also lead to a bigger domestic discussion of China’s role in the region.
As the leaders of 17 countries gathered in the Philippines Wednesday for the annual Asia-Pacific Economic Cooperation forum, Chinese President Xi Jinping stated the obvious. "The Chinese economy is a concern for everyone," he said. "We will work hard to shift our growth from just expanding scale to improving its structure."
The 11th November apparently has a magical meaning, depending on which country and which people.
Sir, Lawrence Summers is correct in stating that “the US may isolate itself from traditional allies if it does not co-operate economically with Beijing”.
Saturday’s carefully choreographed first meeting between China's president and Taiwan's leader in neutral Singapore made history but highlighted the rift between the US government and the likely next leader of the island.
A lot of analysts distrust Chinese economic data.