China has faced a record outflow of capital since the end of 2015. Efforts to stop that outflow, maybe needed, delay severely the planned liberalization of the financial markets, writes financial analyst Sara Hsu in the Diplomat. “The rate of change is dissatisfying to those calling for reform.”Read More →
Relentlessness mayhem in China´s financial markets and its impact on the global economy is not having enough interest of China´s leadership, economist Arthur Kroeber tells Reuters. Their interest is too much focused on domestic affairs.Read More →
China has been throwing much foreign reserve to maintain the value of its currency, the yuan. Financial analyst Victor Shih says in Bloomberg that while there is no acute problem, not all is well after hundreds of billions have evaporated.Read More →
Financial analyst Sara Hsu looks ahead in the Diplomat at 2016 and what the announced economic shift might mean for the country and the world. An overview of the current state of financial reforms in China.Read More →
Nothing is moving fast, but slowly China´s central bank PBOC will loosing its traditionally iron grip on its currency, writes financial analyst Sara Hsu in the Diplomat. Linking the Renminbi to a basket of currencies in stead of only the US dollar failed in the past, but might work out now.Read More →
Financial reforms seem to get on its way, as China removed last week the deposit interest rate ceiling. Financial analyst Sara Hsu calls it in the Diplomat a milestone in the promised financial changes.Read More →
A high PBOC official has speculated about using the Tobin tax, a fee on capital flows, to discourage short-term speculation. Financial analyst Sara Hsu explains why the Tobin tax would be a bad idea for China in the Diplomat.Read More →
The badly handled crisis at the stock markets and the unfortunate devaluation of China´s currency are still casting shadows on the country´s financial future, says economist Arthur Kroeber at CNBC. At this stage it is very unclear whether the central government has the capability to handle needed financial reforms.Read More →
The central government wrongly used the upswing in stock markets as a proxy for real reforms, says associate professor Victor Shih in the Washington Post. Until those shares came down and created mayhem in China and globally. “”In dictatorships, when things are going well, nobody wants to end the party.”Read More →
The government has really messed up almost anything they did on the financial markets, says financial analyst Arthur Kroeber on NPR. Internal divisions between different factions did not help to make sound financial decisions.Read More →
China´s central bank decided on Tuesday evening to step in with a few minor measures. Too little, too late to have any effect on the stock markets, tells business analyst Shaun Rein in Money Control. But since the real economy is doing pretty well, he sees little reason for real worry.Read More →
Financial analyst Sara Hsu strongly disagrees with former US ambassador to the UN John Bolt as he accuses China it manipulated its currency by the recent devaluation. China is just doing what politicians in Washington have asked them to do, Hsu argues in PressTV. “They wanted China to become more market oriented.”Read More →