Officials from both China and the U.S. have lauded Obama's recent trip to China as a great success. While some have criticized the trip for producing little in terms of specifics, one should not casually dismiss the achievements actually made (see U.S.-China Joint Statement). In so many ways, the relationship between U.S. and China has never been closer. Yet despite the … [Read more...] about Opinion:Making Sense of the Dollar and Yuan
In this McKinsey report, a panel of leading Chinese economists explains how the world’s fastest-growing economy has kept expanding despite the global downturn. China’s economy has demonstrated remarkable resilience in the midst of a worldwide slump. How has the country coped with the financial crisis? Is China finally emerging as an engine of global demand? Can its economy … [Read more...] about Is China recession proof?
As the current world economy crisis drags on, there are still lingering hopes that China just might remain a bright spot in the world economy and help lead the world back to recovery. … [Read more...] about On the State of China's Economy and the Global Economy