Sourabh Gupta, Senior Fellow, Institute for China-America Studies
Aug 18, 2015
Shrill forebodings of a return to ‘currency wars’ and irremediable U.S.-China trade quarrels are overblown – although the prognosis on this front is somewhat mixed. A small step backwards (the yuan devaluation on August 11th) might yet come to reflect the biggest leap forward in Asian economic, trade and financial regionalism in the years and decade ahead.
Michal Meidan, Director, China Matters
Aug 17, 2015
The 1.8% devaluation of the yuan has started a debate in China-watching circles about whether or not the People’s Bank of China is trying to make the RMB more market-determined, or trying to make boost its exports. Most likely, Beijing is allowing the RMB to find its feet before the IMF review in November.
Yi Xianrong, Researcher, Chinese Academy of Social Sciences
Aug 14, 2015
Although the degree of depreciation could be determined by how the Chinese government weighs the advantages and disadvantages of RMB exchange-rate movement, market forces play a more important role, and investors must pay close attention to this.
Curtis S. Chin, Former U.S. Ambassador to Asian Development Bank
Aug 12, 2015
The tremendous volatility of China’s markets has led to direct and indirect government involvement, which is ultimately a short-term fix. Beijing must re-commit to the opening of its financial markets and to a deepening of capital market reforms.
Andrew Sheng, Distinguished Fellow at the Asia Global Institute at the University of Hong Kong
Xiao Geng, Director of Institute of Policy and Practice at Shenzhen Finance Institute, Chinese University of Hong Kong
Aug 06, 2015
China’s current stock market volatility, though not necessarily desirable, represents a natural market correction from its June 12 peak. The economy has undergone a standard cycle of displacement, overtrading, monetary expansion, discredit, and revulsion, all in a matter of less than 12 months.
Tom Watkins, President and CEO of the Economic Council of Palm Beach County, FL
Aug 03, 2015
The China wave will continue to roll across the globe crashing on far away shores as the 21st century unfolds. Individuals, states, and nations can do nothing and be swamped or learn to surf and ride the wave.
Zhou Yijun, Researcher, Shanghai Institute for Int'l Studies
Peng Jianming, Ph.D. Zhou Yijun is Research Fellow of Shanghai Institutes for International Studies (SIIS)
Jul 21, 2015
Chinese auto industry is turning the corner on innovation despite ongoing critique about “lookalike” cars.
Xu Shaoshi, Chairman, National Development and Reform Commission
Jul 15, 2015
Enjoying great potential and elasticity, the Chinese economy has enough leeway to cope with various changes and challenges, and its general trend of steady growth -- pushing the global economy towards recovery -- remains unchanged.
Yi Xianrong, Researcher, Chinese Academy of Social Sciences
Jul 14, 2015
Despite the recent unprecedented slump in the stock market, the Chinese government’s strategy in developing the equity market has not changed, and Beijing will continue to foster a healthy development of the stock market through market-oriented reform policies. That means the surging trend in the Chinese stock market will continue in the second half of the year.
Xu Hongcai, Deputy Director, Economic Policy Commission
Jul 10, 2015
The A-share market has been undergoing an unprecedented plunge since mid-June, with the benchmark Shanghai Composite Index having declined about 30% and the capitalization of listed companies having shrunk by about 20 trillion yuan (about $3.23 trillion).