China Central Bank Extends Emergency Loans to Financial Firms

Rachel Rosenthal and Yifan Xie
Wall Street Journal
Extends hundreds of billions of yuan in loans to ease liquidity crunch, continuing debt selloff

China Sends Bubbles To North America

Noah Smith
Bloomberg
China’s money flow could have consequence....

Conversation

05.24.16

How Much Debt Is Too Much in China?

Yukon Huang, Houze Song & more
In the first quarter of 2016, Chinese debt rose to 237 percent of GDP—a level comparable to that of the U.S. or the Eurozone and yet much larger than that of most developing economies, according to analysis by The Financial Times. Additionally,...

Caixin Media

02.19.16

Central Bank Governor on Reforming the Exchange Rate, Adopting a Digital Currency

Recently Zhou Xiaochuan, Governor of the People’s Bank of China (PBOC), China’s central bank, had an interview with Caixin and talked about the yuan exchange rate regime reform, macro-prudential policy framework, digital currency, and other topics...

Conversation

01.27.16

Is George Soros Right that China’s Headed for a Hard Landing?

Arthur R. Kroeber, Stephen S. Roach & more
On Tuesday in an article headlined, “Declaring War on China’s Currency? Ha ha,” the People’s Daily attacked billionaire investor George Soros for suggesting he might short the renminbi. The Chinese currency has dropped 5.7 percent since August when...

Why It’s Getting Harder to Understand China

Ben Eisen
Wall Street Journal
The depreciating yuan is exposing the increasing difficulty in getting a firm reading on economy.

Chinese Stock Plunge Forces a Trading Halt, and Global Markets Shudder

Keith Bradsher and Amie Tsang
New York Times
The aftershocks carried over to Europe and the United States, where markets fell sharply once again.

China Manufacturing Picks Up

Mark Magnier
Wall Street Journal
China’s PMI rose slightly in December, but economists don’t expect significant rebound in economy.

Conversation

12.03.15

Does the Renminbi’s Elevation to Global Currency Matter?

Arthur R. Kroeber & Zhiwu Chen
On November 30, the International Monetary Fund approved the Chinese renminbi, also known as the yuan, as one of the world’s leading currencies, underscoring the country’s rising global financial importance. What’s behind the decision and what...

Conversation

11.02.15

How Far Have China’s Economic Reforms Come over the Past Year?

Houze Song & Arthur R. Kroeber
As the Chinese Communist Party leadership wrapped up its Fifth Plenum, the meeting at which the Party’s leadership set the Five Year Plan that will shape economic policy through 2020, what progress has been made on the “comprehensive deepening” of...

China’s Complexity Problem

Stephen S. Roach
Project Syndicate
The challenge for Xi Jinping is to prioritize plentiful political will in a way that keeps China on the course of reform and rebalancing.

China Cuts Interest Rates Amid Mounting Concerns Over Economy

Neil Gough, Chris Buckley
New York Times
The cut followed a global stock market rout in which China led with a 7.6 pct plunge Tuesday to its lowest level this year.

US, European Markets Bounce Back, China Crisis Continues

Dominic Rushe
Guardian
Dow Jones rises more than 300 points in first 2 minutes after opening following 3 days of market losses that erased close to $3 trillion globally.

Conversation

08.25.15

Is the Bloom Off the Rose of China’s Economic Miracle?

Arthur R. Kroeber, David Schlesinger & more
On Monday, August 24, the Shanghai Composite Index dropped 8.5 percent, its second such steep fall since late July, and its worst since 2007. On Tuesday, stocks fell an additional 7.6 percent. The steep slide translates into more than $4 trillion in...

Great Fall of China Sinks World Stocks, Dollar

Sinead Carew
Reuters
A near 9-percent dive in China shares and a sharp drop in the dollar and major commodities sent investors rushing for the exit.

Caixin Media

08.24.15

How to Solve China’s Currency Parity Puzzle?

Boosting exports, controlling outbound capital flow and supporting the Chinese currency’s bid for Special Drawing Rights (SDR) status are just some of the reasons cited by analysts for the yuan's unexpected devaluation in mid-August.The yuan...

Caixin Media

07.20.15

How Beijing Intervened to Save China’s Stocks

Top executives from 21 securities firms spent the morning of Saturday July 4 pinned to government office chairs while the future of China’s stock markets hung in the balance.They’d been summoned on a day off to the Beijing office of the China...

China’s Zhou Says PBOC Has Room to Act on Growth Slowdown

Malcolm Scott
Bloomberg
The central bank chief's remarks follow China's weakest expansion since 1990...

South Korea Says It Will Join China-Led Asia Infrastructure Investment Bank

Wall Street Journal
Seoul makes assurances about AIIB’s governance, which U.S. has been wary about.

Don’t Worry About China Slowdown, Premier Li Tells Davos

Bonnie Cao, Zijing Wu, and Xin Zhou
Bloomberg
China will avoid a hard landing and is focused on ensuring long-term medium-to-fast growth, Premier Li Keqiang told global leaders in Davos.

Exclusive: China Ready to Cut Rates Again on Fears of Deflation — Sources

Kevin Yao
Reuters
Friday's surprise cut in rates, the first in more than two years, reflects a change of course by Beijing and the central bank, which had persisted with modest stimulus measures before finally deciding last week that a bold monetary policy step...

Caixin Media

11.17.14

Visa and MasterCard Confront China’s Stacked Deck

Visa and MasterCard executives eager to expand in China were thrilled recently when Premier Li Keqiang seemed to suggest that a door would open to them for bank card yuan business in the country.But they had read Li wrong: The premier's...

A New Central Banker for China?

http://www.economist.com/blogs/...
Economist
In the world of rumours, Zhou Xiaochuan, China’s central bank chief, has lost his job multiple times. First there was a 2007 reshuffle when he was pushed aside early in his tenure, sidelined to an academic role.

China’s New Diplomatic Strategy in Africa: Humility

Eric Olander & Cobus van Staden
Just a few weeks after Chinese premier Li Keqiang admitted that China was going through “growing pains” in its engagement with Africa, Beijing’s central bank chief, Zhou Xiaochuan, acknowledged some of the 2,500 PRC companies operating in Africa are...

China’s Currency Suddenly Reverses Direction, Stuns World Markets

Michael Schuman
Time
Some speculate that the reversal is a prelude to currency reform, yet others think that China is purposely pushing the yuan down in value to give its exports a lift amid the nation’s decelerating growth.

Is China really running out of cash?

Leslie Shaffer
CNBC
Citibank fund transfer delays sparks concern over a possible nation-wide liquidity shortage. 

China Dwarfs U.S. in Monetary Stimulus

Keith Bradsher
New York Times
Can China slow credit growth and money supply without causing slumps in real-estate and business?

Conversation

07.23.13

What Would a Hard Landing in China Mean for the World?

Barry Naughton, James McGregor & more
Barry Naughton:Paul Krugman in a recent post (“How Much Should We Worry About a China Shock?” The New York Times, July 20, 2013) tells us NOT to worry about the impact of a slowing China on global exports, but to be worried, very worried about the...

Caixin Media

07.22.13

Liberal Urge Gaining Support for Bank Policy

The orchestra is tuning up for an interest rate liberalization initiative that financial analysts are calling music to their ears.Recent high-level comments and policy statements heard in Beijing have clearly sounded a central government call for...

Conversation

04.18.13

How Fast Is China’s Slowdown Coming, and What Should Beijing Do About It?

Patrick Chovanec, Barry Naughton & more
Slower Chinese GDP growth is not a bad thing if it’s happening for the right reasons. But it’s not happening for the right reasons.Instead of reining in credit to try to curb over-investment, Chinese authorities have allowed a renewed explosion in...

Zhou Seen Exiting PBOC as China Installs New Economic Leadership

Kevin Hamlin and Michael Forsythe
Bloomberg
Top finance official Vice Premier Wang Qishan will move to a new role and Commerce Minister Chen Deming is also likely to exit. 

Over A Distressed Europe, It's Super China To The Rescue

Kenneth Rapoza
Forbes
China is considering lending even more money to bail out the region’s recessionary economies.