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China’s African Odyssey

The Wall Street Journal has published a Caixin interview with former Chinese ambassador to South Africa and current special envoy for African affairs, Zhong Jianhua. Zhong discusses the shifting triangle of...

Currency Agreement Signals Baby Steps

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...

China Calls Rapid Yuan Rise Impossible

The Ministry of Foreign Affairs on Wednesday commented that yuan appreciation in the near term is out of the question. While the yuan has risen around 30% against the U.S. dollar, Foreign Ministry spokeswoman Jiang Yu asserts...

Chinese Inflation Likely Above 5% in May

The Chinese government has set an inflation target of 4% for the year but it is likely that China’s inflation rate may be above 5% for the month of May. From Market Watch: China’s inflation will likely be above 5% in...

China Sets Stage With New Yuan-Clearing Process

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...

Russia Says Yuan Could be Reserve Currency in Decade

Russian Finance Minister Alexei Kudrin has announced that the Chinese yuan could become a world reserve currency over the next ten years:  “I think the shortest route would be if China liberalised its economy and allowed...

Opinion: Geithner Is Exactly Wrong on China Trade

Bret Swanson writes in The Wall Street Journal that incoming Treasury Secretary Timothy Geithner, who recently accused China of manipulating its currency, has things backwards: The new consensus is that America failed to react...

China Warns on Fake Yuan Currency

Chinese officials are telling people to be wary of circulating fake currency notes. From BBC: A People’s Bank of China statement said low-quality counterfeit detectors did not always manage to spot the fakes. But it said...

Olympics Replace Mao on New 10-Yuan Bill

As reported by the Associated Press: To commemorate the Beijing Olympics, China’s central bank is issuing a new 10-yuan note, according to a report by Monday’s official Xinhua New s Agency. The note is worth $1.45,...

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