Today’s tensions between China and the US have many echoes of those between Japan and the US in the 1980s including, most clearly, over the exchange rate. The lesson for China is not, as some have suggested, that China should withstand US pressure on its …
8th November 2010
The government has announced a series of moves over the last month designed to push the renminbi along the road to becoming an international currency. But major obstacles stand in the way, not least the government’s reluctance to allow unfettered …
6th September 2010
China no longer has a surplus of underemployed workers in the countryside willing to move elsewhere for rock bottom wages, but it does still have a large and inefficient agricultural workforce. Their continued migration into manufacturing and services …
29th June 2010
A little-noticed report published last week by the People’s Bank of China (PBC) gives arguably the best estimate yet of how much China’s economy slowed at the end of last year and how rapidly it has since accelerated. … A new angle on Chinese …
7th August 2009
Thirty years after the launch of reform in China, the experience of Japan and the Asian tigers underlines the need for China to shift its economic model if it is to sustain rapid growth over the medium term. … Is China running out of steam after 30 years …
24th November 2008
China’s announcement of a huge fiscal stimulus package is an attempt to shock and awe Chinese firms and households to keep spending. If it succeeds, the government will end up spending much less than the headline figures suggest. … China’s fiscal package …
10th November 2008
Fiscal policy could make a significant contribution to reducing China’s massive current account surplus, though discussion of rebalancing often overlooks its potential. The government has the resources to increase spending or cut taxes now, but it is …
17th April 2008
