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...
by Scott Greene | Oct 28, 2011
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...
by Paulina Hartono | May 6, 2009
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...
by Liu Yong | Sep 29, 2007
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 […]
by Morgan Figuers | Aug 15, 2007
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, […]
by Mo Ming | Oct 15, 2006
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 […]
by Mo Ming | Apr 20, 2006
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 […]
by Mo Ming | Apr 12, 2006
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 […]
by Sophie Beach | Jan 9, 2006
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 […]
CDT in the News
- SCMP – Foreign journalists in China report state backing for rising intimidation during Henan floods
- Forum2000 – Data colonialism: Where China and the West diverge
- FT – China flood response reveals Beijing’s need to prepare for extreme weather
- LA Times – Amid crushing floods in China, officials focus not on climate change, but on control
- RFA – “Drowning” has become a sensitive word during Henan floods