By Jens Petersen
China’s foreign exchange policy and capital controls have been highly controversial
over the last decade. Whether the discussion centers on the apparent undervaluation of
the Renminbi (RMB) or the stringent control of currency flowing in and out of China, it
seems quite certain that these issues will continue to receive considerable attention in the
New research report calls for a shift of China’s development and growth model
BEIJING February 27, 2012 - China should complete its transition to a market economy -- through enterprise, land, labor, and financial sector reforms -- strengthen its private sector, open its markets to greater competition and innovation, and ensure equality of opportunity to help achieve its goal of a new structure for economic growth.
Labor cost evaluations the huge bugbear in planning for 2012
Posted on October 24, 2011 by China Briefing
Op-Ed Commentary by Chris Devonshire-Ellis
Oct. 24 – One of the main problems facing businesses in China today remains the uncertainty factor. Getting that out of China's commercial creed is proving a tough nut to crack, and before he upped sticks from Beijing to become a U.S. Presidential candidate, Jon Huntsman reiterated the same to me a year ago at the Economist China Conference.
By Brenda Fong, Wells Fargo Branch Manager
Far from the frugality and conservation that prevailed during the Great Depression, kids these days focus on spending, spending and more spending! Even parents who aim to teach their children about finances through an allowance may find their lessons overshadowed by stronger messages from advertising or peers. Unfortunately, the result is that by the time they graduate from high school, most young people know all about spending and very little about saving or spending wisely.
Passage will hurt the interests of both countries, Chinese officials say
BEIJING - China's government will not sit by and will retaliate in kind against the United States if a measure targeting the yuan becomes law, said the Ministry of Commerce on Monday.