federal reserve

Chinese Investors Wait in Vain for Government Help

Apr 14, 2008

From MarketWatch: Frustrated mainland Chinese investors, who have watched the country’s main stock market in Shanghai plummet more than 40% since October, have been wondering when their typically hands-on government will...

Stephen Roach: The Fed and China

Mar 28, 2005

In Morgan Stanley’s Global Economic Forum, Stephen Roach has written: Because of its currency peg, China does not have an independent central bank. Having elected to fix the renminbi to the dollar, the People’s Bank of China has all but abdicated control over its emerging financial system to America’s Federal Reserve. As the Fed now […]

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