Concerns that an economic hard landing in China could force Beijing to massively devalue the renminbi have receded since the […]
Despite signs of the People’s Bank of China (PBoC) slowing down the process of capital account liberalisation (as I argued […]
China’s recent renminbi devaluation should not be seen as the latest policy tool in dealing with weak growth and deflation pressures, argues economist Chi Lo.
The view that the recent big drop in China’s currency reserves reflected large capital outflows – in turn indicating an […]
China’s 2014 GDP growth of 7.4% only just missed the official target (of 7.5%). While CPI inflation in China in […]
China issued reform guidelines in July relating to its decade-old household registration (or hu kou) system.
Empirical research has shown that China (and the renminbi) is moving towards the so-called ‘impossible trinity’.
Beijing is allowing the pendulum to swing towards reform success rather than growth.
China is tackling the challenges of a new paradigm head-on, including a slowing economic growth and the need for further reform to rebalance the economy.
Interest-rate liberalisation will be crucial to the success of China’s broader financial reform ambitions.