Yi Xianrong, Researcher, Chinese Academy of Social Sciences
Jan 27, 2016
Stabilizing the RMB exchange rate not only requires comprehensively striking back the short-selling speculation but, more importantly, reversing the expectation of RMB depreciation and well managing the expectation. Substituting a new exchange rate index for the old exchange rate index has not impressed the international market. The RMB exchange rate should be anchored to the USD exchange rate to build confidence.
Zhang Monan, Deputy Director of Institute of American and European Studies, CCIEE
Jan 20, 2016
As it acts upon the 13th Five Year Plan, Beijing must combine government fiscal investment, corporate R&D, industrial investment, venture capital, bank credit investment, capital market financing, science funding and more, to make a financial system with a full range of support to update China’s economy. An efficiently operating system will be key to the nation’s future competitiveness.
Walker Rowe, Publisher, Southern Pacific Review
Jan 14, 2016
Chinese mining companies in Ecuador and Peru recognize the social, environmental, and political issues which occur with significant development, and is giving back to the community by building bridges, roads, health clinics, sewers, and water systems.
Ben Reynolds, Writer and Foreign Policy Analyst in New York
Jan 08, 2016
Quantitative easing may in part explain the destabilizing effects that the global economy is facing, with cheap credit continuing to fueling the expectation of ever-rising prices. The 2015 Chinese crash was a direct product of the U.S. financial crisis of 2008, which was itself the result of a bubble in financial, insurance, and real estate assets.
Yi Xianrong, Researcher, Chinese Academy of Social Sciences
Jan 05, 2016
If China’s economic growth is still under a big downward pressure and China’s central bank further imposes an easy monetary policy, the RMB will go through an increasing pressure of depreciation. Therefore, the inclusion of China’s currency in the SDR basket would be a double-edge sword.
Sourabh Gupta, Senior Fellow, Institute for China-America Studies
Dec 31, 2015
The IMF’s decision to formally include the renminbi as one of five hard currencies in its SDR basket, and the half-decade or so of liberalizing reforms leading into it, is likely to be recorded by economic historians with the corresponding level of attention that is devoted to the establishment of the Federal Reserve System almost-exactly a century ago.
Sajjad Ashraf, Former Adjunct Professor, National University of Singapore
Dec 29, 2015
Chinese leadership’s recent engagements points to their persistent pursuit of its vision of connectivity named One Belt One Road (OBOR). New areas are now being added to the list.
Zhang Monan, Deputy Director of Institute of American and European Studies, CCIEE
Dec 22, 2015
SDR status is only a fresh starting point for transforming China from a big financial entity into a strong financial powerhouse. By adding a currency from the developing world, the SDR much better reflects the functions of emerging economies in global economic and financial affairs.
Dan Steinbock, Founder, Difference Group
Dec 22, 2015
As China’s renminbi has been included in the IMF elite currencies and the Fed has started its rate hikes, conventional wisdom sees the RMB weakening and U.S. dollar strengthening as simple long-term trends. The realities are far more complex, however.
Zhang Monan, Deputy Director of Institute of American and European Studies, CCIEE
Dec 18, 2015
As the labor supply declines and labor cost increases, China must strengthen the supply front to really create new supply and efficiency dividends through reform. Reform on the supply front requires the improvement of capital-formation efficiency for the next five years.