This week, Shenzhen’s government announced the rollout of one of the largest real-world trials of China’s fledgling new digital currency. The announcement came at the same time that Xi Jinping visited Shenzhen, where he laid out...
by 不忘初心 | Jun 11, 2012
Tension between China and Japan over the East China Sea has not stopped them from developing trade between the two countries. The Asia-Pacific Journal reports that Japan and China started direct trading of their currencies on...
by zhou shuren | Oct 20, 2011
An Op-Ed from Bloomberg News aggregates some of China's Netizens' reaction to the U.S. Currency Exchange Rate Oversight Reform Act. The commentary ranges from uncertainty to warnings of the macroeconomic implications of the...
by Paulina Hartono | Oct 16, 2010
The U.S. Treasury Department has postponed its announcement on whether China is a currency manipulator. From Reuters: The Obama administration backed away on Friday from a showdown with Beijing over the value of China's currency...
by dwang | May 31, 2009
U.S. Treasury Secretary Timothy Geithner spoke to reporters on his way to Beijing on Saturday, the first day of his highly-anticipated first visit to China. From MarketWatch: "We are seeing more durable stability in the economy...
by dwang | May 30, 2009
U.S. Treasury Secretary Timothy Geithner arrived in China this weekend, where he will meet Monday and Tuesday with some of China's highest officials, including President Hu Jintao and Premier Wen Jiabao. These are unusually...
by dwang | May 30, 2009
Growing U.S. dependence on China in such grave matters as pressuring North Korea to return to disarmament negotiations and stabilizing the world economy may make the Obama administration hesitant to confront America's largest...
by Xiao Qiang | Apr 6, 2009
From the Council on Foreign Relations blog: At key points then, China shied away from the decisions that would have allowed it to avoid accumulating so many reserves. China’s leaders probably didn’t intend to accumulate $2...
by Xiao Qiang | Apr 5, 2009
From the Wall Street Journal: China is playing a growing role in discussions over solutions to current economic problems. Much of the talk has focused on money -- whether Premier Wen Jiabao's concerns about the value of China's...
by Xiao Qiang | May 25, 2007
From The Economist: China’s investment in Blackstone shows how government investors are flourishing at the heart of the financial system With $1.2 trillion in foreign-exchange reserves and the pool growing by more than $1 billion every day, China casts a giant’s shadow over the global financial markets, even if it has mostly used the money […]
by Xiao Qiang | Feb 3, 2007
From Asia Times: The Chinese government is taking action to implement a new policy of diversifying the disposal of the country’s over US$1 trillion foreign exchange reserves which was initiated by the Central Conference on Financial Affairs three weeks ago. The Ministry of Finance (MOF) is planning to issue yuan-denominated bonds to raise funds that […]
by Xiao Qiang | Aug 29, 2006
From The Sydney Morning Herald: The newest member of the Chinese monetary policy committee will today launch a stinging attack on those calling for a major revaluation of the yuan. Fan Gang, a Harvard-educated economist who this month joined the People’s Bank of China committee responsible for advising on interest rates and exchange rate settings, […]
by Xiao Qiang | Jul 4, 2006
From The People’s Daily: It is an indisputable fact that China has become the world’s major economic power. Based on market exchange rates, the size of China’s overall economy is already the world’s fourth largest, accounting for one sixth of the US economy and one second to two third of Japan’s economy. If calculated in […]
by Sophie Beach | Apr 29, 2005
From the Financial Times: China’s currency traded briefly outside its tightly controlled band on Friday, triggering a renewed wave of speculation that the government was preparing to allow a long-expected revaluation. The unexpected price move followed weeks of international pressure on China to allow the renminbi to appreciate. But the People’s Bank of China, the […]
From the Archives
Trials May Spell End of Era for Chinese Labor Activism
Oct 24, 2016
Beijing Tackles Lack of Affordable Housing
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The failure of China-bashing in US elections
Oct 24, 2004
U.N. Urges China to Allow Free Hong Kong Elections
Oct 24, 2014