Latest Posts
Yuan devaluation is not a currency war – Arthur Kroeber
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 →
Yuan: trying to become a global reserve currency – Victor Shih
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 →
Can China halt climate change? – Sara Hsu
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 →
The official reason for the devaluation is correct – Sara Hsu
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 →
“China´s forgotten people” in Xinjiang, interview – Ian Johnson
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 timing of the devaluation was wrong – Arthur Kroeber
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 →
Yuan devaluation is market-driven – Ben Cavender
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 →
Why the devaluation of the yuan is a good idea – Arthur Kroeber
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 →
Removing crosses meets growing resistance – Ian Johnson
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 →
My problems with Obama´s Nairobi speech – Howard French
Author Howard French, of China’s Second Continent: How a Million Migrants Are Building a New Empire in Africa explains in Foreign Policy what President Obama did not mention in his Nairobi speech. Obama did not really get the fast development of Africa, and has ignored the continent.Read More →
CIC got US$ 100 Billion to distribute over Silk Road projects – Sara Hsu
The China Investment Corporation (CIC) obtained 100 billion US$ bond issue from the Ministry of Finance to finance the One Road, One Belt initiative, writes financial analyst Sara Hsu in The Diplomat. Although CIC has been initially less successful, Hsu expects China´s largest sovereign wealth fund will be able to make a huge profit.Read More →
Strategies to survive the anti-corruption drive – Rupert Hoogewerf
The anti-corruption campaign by President Xi Jinping has hit entertainment and the gift industry hard over the past years, tells Hurun Rich List founder Rupert Hoogewerf in the Financial Review and details the fallout. “We have seen the emergence of the so-called affordable luxury brands like Coach or Michael Kors.Read More →