China’s onshore bond yields have risen sharply since late 2016 when bond prices started dropping due to inflation fears fuelled […]
China launches the Bond Connect scheme on 3 July 2017, two weeks after MSCI announced that it would add 222 […]
The renminbi has appreciated against the US dollar by more than 1% since late May, which was when the People’s Bank […]
Since 2014, the People’s Bank of China (PBoC) has pursued a renminbi policy that targets a stable trade-weighted exchange rate […]
Moody’s Investors Service cut China’s long-term local and foreign currency debt ratings by one notch to A1 from Aa3 yesterday […]
Please note that this document may contain technical language. For this reason, it is not recommended for readers without professional […]
The media and most analysts tend to emphasise the differences between Donald Trump and Xi Jinping. Xi has risen to […]
Some observers argue that China’s debt-to-GDP ratio, estimated at close to 250% in 2015, has reached a point that could […]
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.