China is preparing a Tobin tax, a tax on capital transactions. At this stage for a zero percentage, but the writing is on the wall. It´s effect on China´s currency depends very much on how the government is going to use this tool, says finance professor Victor Shih in Bloomberg.Read More →
China´s lawmakers arrive in Beijing for their annual meeting and finance is high on their agenda´s. And opinions are divided, says political analyst Victor Shih to Bloomberg, for example when it comes to the fiscal deficit.Read More →
How deep are the pockets of the People´s Bank of China (PBOC) to keep on funding its financial system? According to economist Arthur Kroeber they are safe for another year, and can use the time to clean up the current mess. Learning how to communicate with the markets is one talent that needs urgent development, he tells Bloomberg.Read More →
The governor of China´s central bank, the People´s Bank of China, Zhou Xiaochuan tried to ease the expected turmoil on the financial markets ahead of their opening after Lunar New Year. Zhou tries to save the few reforms he was able to achieve, says financial expert Victor Shih to Bloomberg.Read More →
China has faced a record outflow of capital since the end of 2015. Efforts to stop that outflow, maybe needed, delay severely the planned liberalization of the financial markets, writes financial analyst Sara Hsu in the Diplomat. “The rate of change is dissatisfying to those calling for reform.”Read More →
Relentlessness mayhem in China´s financial markets and its impact on the global economy is not having enough interest of China´s leadership, economist Arthur Kroeber tells Reuters. Their interest is too much focused on domestic affairs.Read More →
China has been throwing much foreign reserve to maintain the value of its currency, the yuan. Financial analyst Victor Shih says in Bloomberg that while there is no acute problem, not all is well after hundreds of billions have evaporated.Read More →
Financial analyst Sara Hsu looks ahead in the Diplomat at 2016 and what the announced economic shift might mean for the country and the world. An overview of the current state of financial reforms in China.Read More →
Nothing is moving fast, but slowly China´s central bank PBOC will loosing its traditionally iron grip on its currency, writes financial analyst Sara Hsu in the Diplomat. Linking the Renminbi to a basket of currencies in stead of only the US dollar failed in the past, but might work out now.Read More →
Financial reforms seem to get on its way, as China removed last week the deposit interest rate ceiling. Financial analyst Sara Hsu calls it in the Diplomat a milestone in the promised financial changes.Read More →
A high PBOC official has speculated about using the Tobin tax, a fee on capital flows, to discourage short-term speculation. Financial analyst Sara Hsu explains why the Tobin tax would be a bad idea for China in the Diplomat.Read More →
The badly handled crisis at the stock markets and the unfortunate devaluation of China´s currency are still casting shadows on the country´s financial future, says economist Arthur Kroeber at CNBC. At this stage it is very unclear whether the central government has the capability to handle needed financial reforms.Read More →