China

Looking past the (West’s) end of the nose

Following the recent IMF annual meetings, and the coincidental declines in global stock markets, gloom is back about the state of the world economy. W

Developing an underlying inflation gauge for China

This paper develops a new underlying inflation gauge (UIG) for China which differentiates between trend and noise, is available daily and uses a broad

A compelling case for Chinese monetary easing

A successful Chinese economy needs both structural reforms on the supply side to enhance potential growth, and a nimble monetary policy to fully explo

Tweaking China’s loan-deposit ratio rule

In the wake of the latest easing of Chinese monetary policy, the CBRC, China’s banking regulator, has recently modified a few details of how it c

Chart: Alibaba IPO underlines rise of Chinese private sector

Alibaba’s coming of age underlines a continuous trend of the last half-decade. For all the fashionable talk of China’s dominant state capitalism&

Are financial conditions in China too lax or too stringent?

The pronounced slowdown in China’s GDP growth in recent years has raised the important question of what might be its principal causes.

Is the BRICS rise over?

The BRICS name is certainly here to stay, and in terms of global governance, their influence is likely to rise as a group because of this development.

China's Ambassador to the EU on the role of emerging markets in WTO

Remarks delivered by Her Excellency the Ambassador of the People's Republic of China to the European Union, Yang Yanyi, at workshop 'The fut

State of the Chinese economy

China's financial liberalisation: interest rate deregulation or currency flexibility first?

In this follow-up, I argue that on top of these structural and institutional factors, there are also three short-term cyclical considerations in favou

Speech by Vítor Constâncio, Vice-President of the ECB, at the Asia Europe Economic Forum

Growth challenges for Asia and Europe

Financial openness of China and India: Implications for capital account liberalisation

We gauge the de-facto capital account openness of the Chinese and Indian economies by testing the law of one price on the basis of onshore and offshor

Blogs review: China's GDP (PPP) to surpass the United States?

What’s at stake: Many news outlets picked up the release of new “purchasing power parity” estimates by the International Comparison Program, emph

The changing fortunes of the Chinese renminbi

The Chinese renminbi (RMB) depreciated by as much as 3% vis-a-vis the US dollar in the first three months of 2014, a sharp departure from the 3% appre

Appreciate the yuan depreciation

Since the beginning of this year, the renminbi has been depreciating against the US dollar. That marked a departure from the earlier trend of the Chin

Why China’s haste to internationalise the renminbi?

This blog raises two questions. The first is puzzling: why is Beijing in such a hurry to internationalise its inconvertible currency? The se