A bit of perspective helps correct misperceptions Let me begin by saying I am a conservative. So the comments below are not meant to be disparaging of those with…
Some said China’s small currency devaluation on August 11 would lead to a currency war. It hasn’t happened yet as China has not allowed the RMB to fall much below the level that was reached on the day of the devaluation. The fact is there is more reason for China to support the RMB than to let it depreciate. Here’s why that is the case.
Uncertainty and the impact on the global economy make China a major factor China isn’t the only reason US stock market plunged last Friday. But it was a big…
Is China’s currency devaluation a sign of desperation? Is a hard landing now unavoidable? Everyone knew China’s double-digit growth rate couldn’t last forever. Optimists were hoping for a “soft…
It is the market that wants China’s currency to devalue, not China’s government As China’s recent currency devaluation rekindles the “currency manipulator” argument and rapidly enters the presidential campaign…
China’s decision to allow its currency to devalue by 2% on Tuesday (8/11/15) will certainly reignite the debate as to whether China manipulates its currency, primarily for the purpose of giving…
As China makes its gradual transition from communism to capitalism and from poverty to prosperity, it can be easy to lose track of how much progress China has made. The…
Will China’s stock market turmoil dent Xi’s stellar reputation in China? President Xi Jinping is actually a fairly popular leader, with people being drawn to his strong stands relative to corruption,…
China stock market characterized by leverage and non-market measures Increasingly it seems this will be China’s approach to its entire economy Fueled largely by leverage (buying on margin increased 500%),…
Why Donald Trump is mostly wrong about China
If the Chinese weren’t paying attention to the US presidential campaign before, they are now. On August 11 China allowed its currency to devalue by roughly 2% and Donald Trump went ballistic, assailing China for economic misdeeds far and wide with characteristically bombastic style.