It has been widely argued that the Renminbi (Yuan) cannot become an international currency until it is fully and freely convertible. Thus, as long as China maintains capital controls of any kind, the Renminbi cannot be used as a medium of exchange for international transactions.

While western economies struggle from the ever-increasing burden of public deficits and debt, there are symptoms in China, too of emerging financial ailments. A

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

Norm Coleman, Clyde Prestowitz, Douglas Paal, and Zhu Feng weigh in on the significance of the third joint meeting of the U.S.-China Strategic and Economic Dialogue.

Winning market economy status depends on whether China makes strategic concessions to suit US interests. The China-US Strategic and Economic Dialogue (S&ED) meeting soon to be held in the US is the ideal high-level forum to pursue a favorable outcome on this issue.

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.