Posts Tagged ‘Zhang Monan’

The beginnings of a multi-currency monetary system for the world

March 8th, 2011 No comments

Zhang Monan

One of my favorite columnists for China Daily is Zhang Monan. She has a crisp picture of our world’s financial system. Her recent Op-Ed, “Rebalancing global economy,” lays out for us the benefits enjoyed by the U.S. for having the USD dominating the international monetary system. Precisely because the U.S. is diluting the value of the USD at the rest of the world’s expense, China, Russia, Europe, and generally rest of the world are now pushing for a multi-currency based system through G20.
Read more…

Dagong rates U.S. credit worthiness below China’s and the impeccable timing of the report

July 13th, 2010 1 comment

China unveils first sovereign credit rating report,” and this news is spreading like wild fire in the West. One reason is the report ranking the U.S. lower than China. Here is a brief take on it at Seeking Alpha: “The Unthinkable: U.S. Stripped of AAA Credit Rating by Chinese Agency.” The English version of the report is here. While Dagong Global Credit Rating Co., Ltd. (大公国际资信评估有限公司), has been around in China, this is the first time the rating company reporting on sovereign credit worthiness.
Read more…

Zhang Monan (China Daily): “Towards new financial order”

July 5th, 2010 5 comments

Zhang Monan is economics researcher with China’s State Information Center and frequently appears on China Daily with her “big picture” takes on the global financial system. She is worthwhile following if you wish to understand how China sees the jostling of control between the now currently dominant developed countries and the emerging developing countries for a fairer share of wealth. In her 2010-07-05 article, “Towards new financial order,” she summarizes the inevitable competition (or “cooperatition” if you will) from developing countries in reshaping our worlds financial institutions. Below are snippets from her article:
Read more…