Coming so shortly on the heels of the subprime crisis, the debate over the debt ceiling and the budget deficit is the last straw. Senior Chinese officials are appalled at how the United States allows politics to trump financial stability

Since mid-May, the United States has lived on borrowed time as Washington has debated multiple deficit-plans before the Aug 2 deadline. After last-minute twists

Where is China stashing its $3.2 trillion in foreign exchange reserves? The answer to that question in the past, everyone agrees, has been mainly in U.S. dollar

The Obama administration and Republican Congress have been engaged in a very difficult negotiation regarding raising the US debt limit. US debt will reach the $

China is America’s leading foreign creditor. It came as no surprise, then, that while traveling through Asia last week U.S. Secretary of State Hillary Clinton gave strong assurances to Beijing that policymakers in Washington would soon reach an agreement raising the country’s debt ceiling.

Dr. Bottelier explains why China is having second thoughts on the US economic model and how the debt crisis has damaged US's international image.

Recently the China—United States Exchange Foundation invited me, along with three other economics writers, on a tour of China. It occurred over 11 days, and th

Recently, HSBC bank released an upbeat survey predicting that China’s currency, the renminbi (RMB), will become one of three global settlement currencies (alon

Republicans in the U.S. Congress reached an 11th hour compromise with President Obama about the fiscal year 2011 budget, narrowly avoiding the machinery of gove

Although it would be good for China and good for the world if the RMB became a fully-fledged international reserve currency, competing with the dollar and the euro, it is not clear that China will take all measures necessary to make that possible.