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Search Result for “rates”

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OPINION

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.

OPINION

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.

OPINION

Screwing tight the bolts of connectivity

News, Stephen S Roach, Published on 31/01/2012

» Long the most fragmented nation on earth, China is being brought together like never before by a new connectivity. Its internet community is expanding at hyper speed, with profound implications for the Chinese economy, to say nothing of the country's social norms and political system. This genie cannot be stuffed back in the bottle. Once connected, there is no turning back.