yuan
Posted at 9:54am on May 12, 2008 China Overheats
No End In Sight
By blackhedd
Several worrisome trends in the Chinese economy that have been in place for nearly a year and a half are charging ahead with no end in sight. Here’s a news story about it.
In a word: inflation. China simply has too much money, and not enough economy. That’s putting tremendous strain on the government, which controls the economy tightly. And it’s opening up big questions about whether the country can continue its historically-unprecedented rate of change.
More…
Posted in China | Economy | foreign exchange | inflation | Olympics | yuan — Comments (16)/ Email this page » / Read More »
Posted at 9:35am on Dec. 10, 2007 Mr. Paulson Goes To China...
...And Will probably get his backside kicked again.
By blackhedd
Treasury Secretary Henry Paulson will be in China at mid-week for high-level discussions with Chinese government officials.
The topic is exchange rates. Mr. Paulson wants the yuan to appreciate against the dollar. The Chinese want the dollar to rise against the rest of the world's currencies, among other things.
Paulson won't get what he wants. But it's worth unpacking things a little, to get at the underlying issues. In particular, there are interesting political implications to some of the things China would like to do next.
More...
Posted in China | Economy | exchange rates | inflation | Paulson | yuan — Comments (11)/ Email this page » / Read More »
