Li Keqiang’s three-day visit to the U.K. got into full swing on Tuesday, with the Chinese premier meeting both the Queen and his British counterpart David Cameron. Deals and declarations were announced, covering trade...
by Scott Greene | Jul 4, 2013
The People’s Daily reports that China approved the creation of a special free trade zone in Shanghai: The project, occupying 28 square kilometers, will center around the Yangshan Deep Water Port and will take more than 10...
by Samuel Wade | Sep 8, 2011
At Foreign Policy, Arthur Kroeber embarks on an epic overview of political issues surrounding the yuan, from controversial exchange rates to its questionable future as an international reserve currency. He dismisses the popular...
by Paulina Hartono | Aug 11, 2010
Keith Bradsher from the New York Times reports on China’s trade surplus: The Chinese government announced on Tuesday morning the country’s biggest trade surplus in a year and a half, as an unexpected surge in Chinese exports and...
by Liu Yong | Jul 7, 2009
From Wall Street Journal: Three Shanghai companies used the yuan to settle cross-border trade deals for the first time Monday, a step toward promoting broader use of the Chinese currency internationally and, over time, reducing...
by Liu Yong | Jul 3, 2009
From Bloomberg: China will allow companies to use the yuan to settle cross-border trade and let them keep their entitlement to export tax rebates, seeking to reduce the reliance of importers and exporters on the U.S. dollar. The...
by Liu Yong | Jun 29, 2009
From Bloomberg: China’s central bank renewed its call for a new global currency and said the International Monetary Fund should manage more of members’ foreign-exchange reserves, triggering a decline in the U.S. dollar. “To...
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 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 Liu Yong | Jan 2, 2008
From The Financial Times: Beijing on Friday approved the launch of China’s first gold futures contracts, with simulated trading on the Shanghai Futures Exchange set to begin on Wednesday. The exchange is expected to begin selling real renminbi-denominated contracts soon after and is preparing for huge demand from the rapidly expanding number of Chinese producers […]
by Zhaohua Li | Jul 13, 2007
A different take on exchange rate and trade deficit reality from two experts writing in the Christian Science Monitor: It’s true that low-wage Chinese workers have taken jobs from Americans and that cheap Chinese imports have pumped up the trade deficit. But three other factors explain the state of US-Chinese trade: ‚Ä¢The low savings rate […]
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