To defend or not to defend the RMB?

This ties up with other information I have heard. On behalf of Dr. Jianguang Shen: “Following the change in the renminbi’s managed peg system on 11 August, China has reportedly sold over USD100b in US treasury to defend the currency against further depreciation. In our view, capital outflows could continue, as the government is adamant […]
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US/China relations as the Washington meetings close

Last week saw the USA and China hold three simultaneous Dialogues led by two Vice Premiers and a State Councillor on then Chinese side. The mood music was quite constructive but there is an election coming and tough words will be spoken, but time will tell if they are serious or for an election. I […]
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China leapfrogs the West with funding the Welfare State

In the story below from the Financial Times the Chinese reveal the funding model experiment for the Chinese Welfare State, first given to the 48 Group 18 years ago. That shows how long term Chinese thinking is. The story below shows how the Chinese are overcoming the greatest weakness of the Western Welfare State – […]
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New York Times Interviews Nicholas R. Lardy on Markets and the State in China

Dear Friends The notice below will lead you to: http://sinosphere.blogs.nytimes.com/2015/05/15/q-and-a-nicholas-r-lardy-on-markets-and-the-state-in-china/?module=BlogPost-Title&version=Blog%20Main&contentCollection=World&action=Click&pgtype=Blogs&region=Body I highly recommend this interview . Nicholas Lardy is regarded as a solid analyst. The USA has deep resources to back its academics’ analysis. His work is to be considered. He describes the rise of the private sector in China and how it is increasing […]
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Jim O’Neill’s article: Ten ways to kill our antibiotics complacency

The following is an article about Jim O’Neill’s work on worrying problem of anti- biotic. He is working with China on this subject. Stephen. Ten ways to kill our antibiotics complacency Jim O’Neill Published at 12:01AM, April 21 2015 Public ignorance about the worldwide danger of superbugs could cost millions of lives If we cannot […]
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The rise of the RMB – the changing world

As the world is trying to come to terms with the transformation of China, so the reserve currency story is beginning to emerge. The use of the RMB has expanded fast to settle trade contracts in RMB, and for bonds and for currency trading. But now it begins to enter into the more refined concept […]
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