Richard McGregor: Rumours on revaluation of renminbi increase
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...
View ArticleInternationalization of the RMB to be accelerated – Hu Zuliu
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...
View ArticleBeijing heavy hitter takes aim at revaluation’s backers – John Garnaut
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...
View ArticleChina aims to spend $200bn of reserves － Zhou Jiangong
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...
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The World’s Most Expensive Club – The Economist
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...
View ArticleChina and the Dollar
From the Wall Street Journal: As if the dollar didn’t have enough problems, Timothy Geithner took China’s bait yesterday and said he was “quite open” to its suggestion this week to displace the...
View ArticleBen Simpfendorfer: China’s Yuan Ambitions
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...
View ArticleSign of Strength or Evidence of Weakness? China’s Dollar Reserves
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...
View ArticleUS Bill to Punish China Faces an Uncertain Future
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...
View ArticleAll Eyes on U.S. Treasury Secretary Geithner’s First Trip to China (Updated)
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...
View ArticleTreasury’s Geithner: Durable Economic Stability
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...
View ArticleThe Renminbi Runaround
In an opinion piece for the New York Times, Nobel prize-winning economist Paul Krugman criticizes China’s currency valuation: Last weekend China announced a change in its currency policy, a move...
View ArticleU.S. Backs Off in Currency Dispute with China
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...
View ArticleChina's Netizens Warn U.S. Politicians to Back Off: Adam Minter
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...
View ArticleJapan and China Bypass US in Direct Currency Trade
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...
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