Shadow Banking: China’s Wobbly House of Cards
While China’s shadow banking system, which by some estimations may have accounted for nearly...
Li Daokui
CDT Money: Game On
Under a cloud cover of speculation about a potential fiscal stimulus package, China’s central bank announced a 25 basis point cut to lending and deposit rates on Thursday, its first interest rate cut since late 2008 and...
CDT Money: Uneasy Status Quo?
In a week dominated by the political drama surrounding the dismissal of embattled Chongqing party secretary Bo Xilai, speculation continued over possible monetary easing despite mixed messages from officials as they seek to...
G-20 Sets Yuan Policy Aside
Normally in the cross-hairs, China’s exchange-rate policy received a free pass as Europe’s debt crisis took center stage when the Group of 20 met over the weekend in Mexico City. From The Wall Street Journal: While...
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