Showing 1 - 5 of 5
China springs monetary surprise
News, Stephen S Roach, Published on 25/11/2014
» In economic policy, as in most other areas, actions speak louder than words. By cutting its benchmark policy interest rates, the People's Bank of China (PBOC) has underscored the tactical focus of the government's stabilisation policy, which aims to put a floor of around 7% on GDP growth.
The return of the renminbi rant
News, Stephen S Roach, Published on 01/05/2014
» China’s currency, the renminbi, has been weakening in recent months, resurrecting familiar charges of manipulation, competitive devaluation, and beggar-thy-neighbour mercantilism. In mid-April, the US Treasury expressed “particularly serious concerns” over this development, underscoring what has long been one of the most contentious economic-policy issues between the United States and China.
China gets a wake-up call from US
News, Stephen S Roach, Published on 28/10/2013
» Yes, the United States dodged another bullet with a last-minute deal on the debt ceiling. But, with 90 days left to bridge the ideological and partisan divide before another crisis erupts, the fuse on America's debt bomb is getting shorter and shorter.
Concerns about a China hard landing way overblown
News, Stephen S Roach, Published on 31/08/2012
» Concern is growing that China's economy could be headed for a hard landing. The Chinese stock market has fallen 20% over the past year, to levels last seen in 2009. Continued softness in recent data _ from purchasing managers' sentiment and industrial output to retail sales and exports _ has heightened the anxiety. Long the global economy's most powerful engine, China, many now fear, is running out of fuel.
Stability is paramount for Beijing
News, Stephen S Roach, Published on 10/04/2012
» The first principle that I learned when I started focusing on China in the late 1990s is that nothing is more important to the Chinese than stability _ whether economic, social, or political.