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China’s Digital Currency Development Picks Up Speed

This week, Shenzhen’s government announced the rollout of one of the largest real-world trials of China’s fledgling new digital currency. The announcement came at the same time that Xi Jinping visited Shenzhen, where he laid out...

Chinese Way of Doing Business: In Cash We Trust

The New York Times’ David Barboza looks at the economic and political reasons why cash is so dominant in financial transactions in China and why the government has never printed currency in bills larger than 100 yuan: For...

China Accused of 'Dumping' Solar Panels in U.S.

The New York Times reports the announcement of a Chinese supercomputer built with domestically designed and manufactured chips. Although it runs at only 40% of the speed of the Intel- and Nvidia-based Tianhe-1A unveiled last...

Paul Krugman: Chinese New Year

Written by Paul Krugman, Professor of Economics and International Affairs at Princeton University and Nobel Prize-winning economist, from New York Times: It’s the season when pundits traditionally make predictions about the year...

China To keep Yuan Weak Until Crisis Over: Experts

From AFP: China will maintain a weak yuan until its export sector has recovered from the global crisis, prioritising concerns at home despite growing pressure from its major trading partners, analysts say. The United States and...

U.S. Groups Eye Second Obama Decision On China Yuan

From Reuters: U.S. labor and manufacturing groups urged President Barack Obama on Tuesday to live up to his campaign rhetoric and formally label China a currency manipulator in a Treasury Department report due out next week. But...

Mapping Out a Global Path for the Yuan

From Caijing Magazine: After months of uncertainty, a pilot program for yuan-based trade settlement took a substantial step forward when the People’s Bank of China, the central bank, recently released new rules for...

China Officials Call For Displacing Dollar, In Time

From Reuters: The financial crisis has laid bare defects in the dollar-led global economy and countries should look to displace the U.S. currency, even if that will take many years, Chinese officials said in comments published...

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