Panic and fear rule China´s stock markets, says business analyst Shaun Rein at Money Control, but it is mainly small retailers who rule the current market, others have safely left. And for the Yuan: that was already overvalued for a long time, he says.Read More →
Debts are high on the agenda of the central and local governments, as local resources to pay debts of get capital for investments diminish, tells associate-professor Victor Shih in Bloomberg. The efforts of the central government to relieve local governments from debts might not help everybody.Read More →
The execution of North-Korea´s vice-premier Choe Yong Gon shows again we should not have too much hope for China-style economic reforms, writes Paul French, author of North Korea: State of Paranoia, for Reuters. “There are no coherent ideas about economic reform.”Read More →
US media have been up in arms after China started to devaluate its Yuan, accusing it of starting a currency war with the US dollar. Nonsense, argues economic expert Arthur Kroeber in the Business Standard. China has long been blamed for manipulating its currency, a practice it is going the abolish, although it might not make everybody happy in the short run.Read More →
One of the reasons for China to drop the value of its currency was to get into line with the IMF requirements to become a global reserve currency. Much of the country´s actions is about prestige, says associate professor Victor Shih at WFDD.Read More →
China has recently announced ambitious environmental plans to stave off climate change. But are those plans enough, and can China really deliver? Economic analyst Sara Hsu welcomes the plans at Triple Crisis, but wonders if it is going to work.Read More →
There are two schools of thought on China´s recent devaluation of the Yuan. A group of analysts, like Victor Shih and Tom Doctoroff, believes the central government is in panic and tries to jump-start economic growth. Others like Arthur Kroeber and Nicholas Lardy join the official explanation, telling us the move is market-driven, and good for its international standing. Financial analyst Sara Hsu joins the last group, in the Diplomat.Read More →
Journalist and author Ian Johnson interviews Nick Holdstock, who recently published his book China’s Forgotten People: Xinjiang, Terror and the Chinese State for the New York Times. Terror attacks, and the government heavy-handed response have often blurred the image of Xinjiang´s natives.Read More →
The devaluation of the yuan was right, argues economist Arthur Kroeber, according to the Washington Post. But the timing was most unfortunately, leading to the – wrong – conclusion the central government was taking panic measures.Read More →
Some see the devaluation of the yuan as a panic measure by the Chinese government to reignite growth, but market analyst Ben Cavender tells the Guardian why the depreciation is mainly market driven, making the yuan freer from the US dollar peg.Read More →
Many analysts tumbled over each other to dismiss China´s record devaluation of its currency. But financial analyst Arthur Kroeber disagrees, and says it is a necessary move to financial reforms in the middle and long term, CityWire writes.Read More →
Since Chinese government agencies have started to remove crosses from churches – officially for security reasons – the resistance, and government backlash, has been growing. Focus is in Zhejiang province. Journalist Ian Johnson toured experts and made an update for the New York Times.Read More →