Yet despite the goodwill generated by the trip, there is one sharp difference that festers between the two – and that is the value of the Yuan. Many in America feel that the Yuan is not only undervalued, but has created a huge trade deficit, setting in motion the current global financial crisis and threatening to prolong the current U.S. recession. Continue reading »
Nov 26
Opinion:Making Sense of the Dollar and Yuan
Written by: Allen | Filed under:Analysis, economy, General, Opinion | Tags:global financial crisis, global recession, obama visit, renmingbi, yuan peg
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36 Comments » newest
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.
May 28
minipost-Is China recession proof?
Written by: Allen | Filed under:-mini-posts, Analysis, General, News, q&a | Tags:chinese economy, global recession, world economy
10 Comments » newest
10 Comments » newest
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 generate enough new jobs to maintain social stability? What will drive future growth? How should foreign firms in China adapt? In this interview, conducted by McKinsey’s Janamitra Devan in March 2009 in Beijing, four distinguished members of the McKinsey Council on China Business Economists explore these questions. Watch the video, or read the transcript below.
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Mar 05
On the State of China’s Economy and the Global Economy
Written by: Allen | Filed under:Analysis, General, News | Tags:china's economy, china's migrant workers, global economy, global recession
22 Comments » newest
22 Comments » newest
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. Continue reading »
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