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...
Dec 27, 2011
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...
Oct 26, 2011
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...
Aug 7, 2011
Reuters reports the chorus of disapproval at the state of Western nations’ finances from Chinese state media including the People’s Daily and Xinhua: “It must be understood that if the U.S., Europe and other...
Aug 3, 2011
With the Chinese yuan rising 0.41 percent versus the dollar in the last two weeks, China’s five-year notes and comparable U.S. Treasury issues was at a record high yesterday. The growing strength of the yuan was boosted...
May 30, 2011
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...
Jun 14, 2009
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...
Jun 7, 2009
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...
Jan 26, 2009
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...
Jan 9, 2009
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...
Jul 7, 2008
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,...
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, […]
Jul 24, 2007
U.S. Treasury Secretary Henry Paulson will leave for China on July 30th to meet with President Hu and Vice Premiere Wu Yi to try to resolve the recent China-U.S. currency problems. From the Wall Street Journal: Treasury Secretary
Jul 11, 2007
From Bloomberg: China’s foreign-exchange reserves, the world’s largest, climbed to a record $1.33 trillion at the end of June, increasing pressure on the government to allow faster yuan gains. “China’s foreign reserves are too big and mopping up the liquidity that fuels inflation and asset bubbles is an administrative headache,” said Simon Derrick, chief currency […]
Apr 10, 2006
From Bloomberg (link) The yuan’s decline today may signal China’s intention to thwart speculators betting on a gain before President Hu Jintao visits Washington, said ABN Amro Holding NV. A repetition of yesterday’s gains, which took the yuan to within 0.03 percent of 8 against the dollar, would have breached that level. The central bank, […]
Jan 29, 2005
From the People’s Daily Online: China said on Saturday it will not rush to reform its exchange rate. Senior officials attending the World Economic Forum said currency reform steps would come eventually but the world would have to wait for China to take them at its own, gradual pace. For over a year now, top […]
Jan 28, 2005
From The Reuters, via Washington Post: “Uncertainty ahead of a Group of Seven and key emerging nations meeting next week hemmed major currencies in recent ranges on Friday, with speculation over China’s yuan policy taking center stage. The yen fluctuated sharply as comments from Chinese central bank officials stirred talk on whether or not China […]
Nov 28, 2004
From the Reuters: “Chinese Premier Wen Jiabao signalled the country was in no rush to reform the yuan, and questioned why more hadn’t been done to stop the dollar’s slide, the strongest words yet of concern by Beijing about the weakening U.S. currency. China needed a stable economy and healthy financial system before reforming its […]
CDT in the News
- NYT – China Keeps Trying to Crush Them. Their Movement Keeps Growing.
- Journal of Contemporary China – Invented Borders: The Tension Between Grassroots Patriotism and State-led Patriotic Campaigns in China
- NYT – A Tiananmen Square Musical Worries About China’s Glare
- Global Voices – In China, questions remain ahead of Huawei’s launch of the Mate 60 phone series
- Rest of World – Heavily persecuted, highly influential: China’s online feminist revolution