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 →
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 →
Dust might have settled down on the recent surprise devaluation of the Yuan by the time President Xi Jinping will meet his counterpart in the US, says financial analyst Arthur Kroeber in Bloomberg. Relations with the IMF have been defining the moment for this long-expected move.Read More →
Panic and fear rule China´s stock markets, says business analyst Shaun Rein at Money Control, but it is mainly small retailers who rule the current market, others have safely left. And for the Yuan: that was already overvalued for a long time, he says.Read More →
US media have been up in arms after China started to devaluate its Yuan, accusing it of starting a currency war with the US dollar. Nonsense, argues economic expert Arthur Kroeber in the Business Standard. China has long been blamed for manipulating its currency, a practice it is going the abolish, although it might not make everybody happy in the short run.Read More →
One of the reasons for China to drop the value of its currency was to get into line with the IMF requirements to become a global reserve currency. Much of the country´s actions is about prestige, says associate professor Victor Shih at WFDD.Read More →
The way the central government is ruling its currency, the Renminbi, has changed profoundly over the past months. Economist Arthur Kroeber argues in the Brookings Institute that the rules for the currency have changed profoundly.Read More →
Shanghai has tried to lure headquarters of foreign multinationals for decades, but a recent policy change might just help the city to do this just a bit more effective, explains Shanghai-based lawyer Mark Schaub in IFLR.Read More →
The upcoming presidential elections in the US, cause a rise in tension with China, business analyst Shaun Rein observes in Forbes. An advanced warning from his upcoming book The End of Cheap China. Read More →
China is not going to bail out Europe, tells business analyst Shaun Rein at CNBC, only Europe itself can save Europe. China has its own problems, although consumption is expected to rise for the wealthy, while the poor get hit hard by inflation.Read More →
The United States are using China’s currency, the Renminbi, as a scapegoat to hide its economic problems are created by themselves, argues economic analyst Arthur Kroeber in The New York Times. China is using its currency as a development tool, as so many countries did in the past.Read More →