Stephen Roach on how Beijing can right its economic course and the US’ big China ‘blunder’
Now, nearly 11 years later, I would have to say that while the Chinese economy has progressed on many fronts,...
archiveChina GDP
US Dollar gets costlier to borrow in China in new sign of Yuan woes
The premium to borrow dollars in China’s local markets has jumped over the past month, another example of the resurgent US currency’s global reach and persistent headwinds facing the yuan.China’s overnight interbank dollar lending rate hit a record 5.47% on March 29 after a steady climb, before easing to 5.42% Thursday, Bloomberg-compiled data show. That has pushed its gap with the US secured overnight financing rate, a global benchmark, to the widest since July twice in the past two weeks.The tightening supply of the US currency in China has coincided...
China’s ‘two sessions’ 2024: as GDP gap with US widens, will the ‘East wind’ prevail?
Such a tilt in world power would indicate major historical changes in China’s and the party’s favour, but it is...
Has surprising US economic growth strengthened Washington’s hand in China negotiations?
After President Xi Jinping visited the US in November, both countries resumed cooperation on issues including curbing the spread of...
