Organization Date Title Keywords
Council on Foreign Relations 11.1.11 Internationalizing the Renminbi and China’s Financial Development Model
Robert N. McCauley
Internationalization was a spontaneous outcome of the marketplace for the rest of the world’s major currencies, but China is breaking with history by making it official policy to steer the renminbi on a path toward reserve currency status. However, this... 		Finance, Renminbi, Currency
Council on Foreign Relations 11.1.11 Historical Precedents for Internationalization of the RMB
Jeffrey Frankel
The twentieth century saw the rise of the US dollar, the German mark, and the Japanese yen as international currencies. Now the Chinese renminbi is on a similar course toward reserve currency status, but its path is deviating from those of its... 		Renminbi, Currency, Economic Development
Council on Foreign Relations 11.1.11 The Future of International Liquidity and the Role of China
Alan M. Taylor
Financial crises in the 1930s and 1970s showed the world that economic instability results when demand for international liquidity allows a small number of countries to run up massive debts in their own currencies. Named for the economist who first... 		Currency, Renminbi, Financial Crisis, Debt
Council on Foreign Relations 11.1.11 The Internationalization of the RMB: Opportunities and Pitfalls
Tatatoshi Ito
China is making swift strides toward internationalizing its currency, the renminbi, but it must be careful when sequencing these changes. Without the proper reforms, wide-open Chinese financial markets would be vulnerable to massive flows of foreign... 		Renminbi, Foreign Direct Investment, Economic Development
Council on Foreign Relations 11.1.11 What Drives CNH Market Equilibrium?
Peter Garber
The recent rapid growth of the offshore renminbi market presents a puzzle for analysts of China's development strategy. By allowing renminbi to flow offshore uncontrolled before loosening government controls over internal financial markets, Chinese... 		Renminbi, Economic Development
BSR 11.1.11 Catalyzing Social Investment in China
Brooke Avory, Adam Lane
In May 2008, an earthquake hit the western Chinese province of Sichuan, taking 80,000 lives and displacing millions of others. The earthquake inspired an increase in donations from RMB13.3 billion in 2007 to RMB76.4 billion in 2008 and highlighted... 		Philanthropy, Government Transparency, Non-Profit Sector
Congressional Research Service 10.25.11 The Asia-Pacific Economic Cooperation (APEC) Meetings in Honolulu: A Preview
Michael F. Martin
The United States will host the Asia-Pacific Economic Cooperation’s (APEC’s) 19th Economic Leaders’ Meeting in Honolulu, HI, on November 12 & 13, 2011. APEC was founded in 1989 to facilitate trade and investment liberalization in the Asia-Pacific... 		APEC, Trade, Trans-Pacific Partnership
Congressional Research Service 09.30.11 China-U.S. Trade Issues
Wayne M. Morrison
U.S.-China economic ties have expanded substantially over the past three decades. Total U.S.-China trade rose from $2 billion in 1979 to $457 billion in 2010. Because U.S. imports from China have risen much more rapidly than U.S. exports to China, the U.... 		Trade, U.S.-China Relations, Economic Policy
International Monetary Fund (IMF) 09.28.11 Hong Kong’s Recovery from the Global Financial Crisis
Hong Kong’s economy was severely affected by the global financial crisis (through both trade and financial channels). A recovery is now underway, fueled by growth on the Mainland, supportive policies, and accommodative monetary conditions imported from... 		Investment, Economic Policy, Global Financial Crisis
World Bank 09.28.11 Market Integration in China
Qingqing Chen, Chor-Ching Goh, Bo Sun, and Lixin Colin Xu
Over the last three decades, China's product, labor, and capital markets have become gradually more integrated within its borders, although integration has been significantly slower for capital markets. There remains a significant urban-rural divide, and... 		Economic Growth, Markets, Rural-Urban Divide