China’s Ministry of State Security has issued a warning to students seeking to study abroad: don’t cast yourself as a regime opponent in your college application essay. An article shared by the WeChat account of the Ministry of...
The stabbing of four instructors from Iowa’s Cornell College in a Jilin park has become the latest flashpoint in U.S.-China relations. A Chinese national who attempted to intervene in the attack was also stabbed. An official...
Xi Jinping’s call in 2013 to “tell China’s story well” accelerated an existing trend of Chinese media fanning out across the globe to strengthen the country’s external propaganda and international discourse power. Media outlets...
For all the fears about China’s debt load and slowing growth, The Wall Street Journal’s Tom Orlik contrasts China’s still-booming economy with those of Japan, Europe and the United States, and says that its...
Japan and China announced a package of financial agreements during new Japanese Prime Minister Yoshihiko Noda’s visit to Beijing late last week, pacts that will ultimately give the yuan a greater role as an international...
An influx of speculative capital, known as “hot money,” has for the last several years allowed China’s foreign exchange reserves to continue growing despite a shrinking trade surplus. The Wall Street...
With the ink drying on a potential agreement to stabilize the European financial markets, the head of the European bailout fund arrived in Beijing on Friday as EU leaders look for China to further tap its reserves in support of...
Fortune Magazine reports that China is searching the globe for assets to buy with its $2.1 trillion in foreign exchange wealth: In 2008, China’s investments abroad doubled from $25 billion to $50 billion. Yes, China still...
From Wall Street Journal: As the U.S. and European Union move toward having central counterparties clear over-the-counter derivative products, China is making similar changes to its foreign-exchange spot market, a move that...
Brice Pedroletti of Le Monde reports on the tangled work of corruption that has affected educational institutions in both China and France. Translated by CDT: A frenzy for education in China and, in France, a craze for the...
Wang Tao, an economist from Bank of America, writes on slowing foreign exchange inflows, the weakening dollar and Yuan rate revaluation. From Caijing.com.cn: By closely linking the yuan with a sharply declining U.S. dollar,...
In a myth-busting opinion piece for the San Francisco Chronicle, University of Southern California international relations scholar Geoffrey Garrett slams Hillary Clinton’s recent echoing of middle-American protectionist...
From China Daily: China Investment Corporation (CIC), the country’s $200 billion sovereign wealth fund, formally started operation on Saturday as policymakers seek to diversify its $1.41 trillion worth foreign exchange reserves. The new company will have Lou Jiwei, vice general secretary of the State Council and former vice finance minister, to act as chairman of […]
From the International Herald Tribune: China has scrapped rules requiring domestic companies to convert a portion of foreign earnings into Chinese currency, the government said Tuesday, in a move that could ease pressure on Beijing’s foreign exchange system. Chinese companies will now be allowed to decide on their own how to use money earned abroad, […]
As China’s foreign-exchange reserves and money supply growth continue to increase, pressures on interest rates and exchange rates are mounting. Read the story from The Wall Street Journal: China’s foreign-exchange reserves, the world’s largest, rose to just below $1 trillion at the end of September, while money-supply growth eased, according to data issued Friday. As […]
From Xinhuanet (link) China has noticed the negative impacts brought by the huge foreign exchange reserves and is taking steps to relieve the pressure, said spokesman of the National Bureau of Statistics on Thursday. Exports of products that consume much energy and produce heavy pollution will be restricted in China, while more manufacturing equipments and […]
From Bloomberg (link) China’s government said companies and banks are far from adapting to a more flexible yuan, and that foreign-exchange reserves must be diversified to counter speculation the currency will rise. China wants to move toward a more freely traded currency system and “everyone has to adjust,” People’s Bank of China Vice Governor Wu […]
From the Washington Post: As China’s industrial juggernaut has flooded foreign ports with cheap factory-made goods in recent years, its central bank coffers have filled with the bounty flowing back to these shores — a stash of foreign exchange now exceeding $800 billion. China’s leaders have steadily invested the bulk in one primary vehicle: the […]
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