Showing 1 - 7 of 7
China ramps up global yuan push
News, Samuel Shen & Tom Westbrook, Published on 03/05/2025
» As Chinese President Xi Jinping toured Southeast Asia last month to forge closer ties against higher US tariffs, the People's Bank of China (PBOC) was seizing a moment of confusion and disruption in global trade to promote greater usage of the yuan.
Stablecoins can defend the dollar
Oped, Paul Ryan, Published on 14/11/2024
» Imagine a world where China has supplanted the United States atop the world economy, and the renminbi, not the greenback, is the global reserve currency. This scenario would be disastrous for US citizens, businesses, and allies. Given America's record high debt and unsustainable spending, reduced demand for dollar assets would cripple the US economy. The government would be forced to cut public services and military expenditures, altering almost every facet of American life -- and not for the better.
The global recovery winds down
Oped, Eswar Prasad, Published on 12/10/2022
» The post-Covid recovery has run out of steam. The latest update to the Brookings-Financial Times Tracking Indexes for the Global Economic Recovery (Tiger) shows that growth momentum, as well as financial market and confidence indicators, have deteriorated markedly around the world in recent months, many countries are either in or on the brink of outright recession.
The threats to recovery are many
News, William R Rhodes & Stuart PM Mackintosh, Published on 08/03/2021
» Over the past year, rich-country governments and central banks have provided unprecedented fiscal and monetary stimulus to help mitigate the economic impact of the Covid-19 pandemic. Getting back to economic normalcy -- whatever modified form that takes in 2021 and 2022 -- will require advanced economies to start weaning themselves off official support before too long, and thereby avoid dangerous new complications.
China blue-collar wave strengthens Xi's G-20 hand
News, Shuli Ren, Published on 28/11/2018
» A blue-collar wave is rising in China -- and buoying Xi Jinping.
China feels Trump trade war pinch
News, Shuli Ren, Published on 24/08/2018
» Caught unwillingly in a trade war, China's economy is faltering. But those expecting a repeat of the stimulus experienced during the global financial crisis a decade ago will be sorely disappointed. Rather, the country is sliding into a state of policy paralysis.
China stabilising the yuan is weirdly remarkable
News, Daniel Moss, Published on 05/07/2018
» Trade conflicts may not be as easy to win as Donald Trump asserts. His principal target, China, is the victor in the war of public relations.