Reuters reports the chorus of disapproval at the state of Western nations’ finances from Chinese state media including the People’s Daily and Xinhua: “It must be understood that if the U.S., Europe and other...
by cdtstaff | Apr 8, 2011
After six continuous days of increases, the Chinese yuan has reached a new high of about 6.54 yuan to 1 dollar, closing the week off at a record high. From Wall Street Journal: China’s yuan rose to a fresh high against the...
by Sophie Beach | Jan 24, 2010
Columnist Robert J. Samuelson writes in the Washington Post: China disclosed the other day that its foreign exchange reserves had increased to about $2.4 trillion in 2009, up $453 billion for the year. These stupendous figures...
by Sophie Beach | May 13, 2009
The New York Times has two op-ed pieces today looking at the power of the renminbi versus the U.S. dollar. From Nouriel Roubini (professor of economics at the New York University Stern School of Business and the chairman of an...
by Xiao Qiang | Apr 6, 2009
From the Council on Foreign Relations blog: At key points then, China shied away from the decisions that would have allowed it to avoid accumulating so many reserves. China’s leaders probably didn’t intend to accumulate $2...
by Paulina Hartono | Mar 23, 2009
China has proposed a new international reserve currency, indicating its doubts of the dollar’s strength. From Financial Times: China’s central bank on Monday proposed replacing the US dollar as the international reserve...
by Japhet Weeks | Dec 15, 2008
Stephen King, managing director of economics at HSBC, explains why the world is following China’s lead by buying dollars, and what China should have done instead. From The Independent: […] the only stuff that is...
by Xiao Qiang | Nov 27, 2004
From the Financial Times: “The dollar fell to new lows on Friday on rumours that China might shift some of its currency reserves away from the greenback, highlighting the dollar-related jitters in financial markets. The fragility in currency and bond markets has centred on fears that Asian central banks might dump US assets to avoid […]
CDT in the News
- FT – Exporting Chinese surveillance: the security risks of ‘smart cities’
- The Jamestown Foundation – Chinese Leaders Project Confidence in Self-Sufficiency Amid Post-Pandemic Food Security Concerns
- Protocol – Censored word lists are ‘proprietary assets’ for Chinese big tech
- What’s On Weibo – The Disappearing Emoji on Weibo in Light of June 4
- Clearance Jobs – Biden Tasks Intelligence Community to Answer Wuhan Questions