Category: Economics & Trade

Steeped in a history of learning, Nanjing provides big city benefits at a lower price.

A cautious view from US China watcher and academic Michael Smolker.

When China ended its decade-old currency peg of 8.3 yuan to the US dollar on July 21, many pundits promptly characterized the move as political and of little practical significance while economists generally called the 2.1% revaluation too small to have any significant economic impact.

A xenophobic Congress sets its sights short, says Ian Williams.

The impact of a stronger yuan remains to be seen as China’s July trade surplus surged fivefold to US$10.4bn from US$1.97bn a year ago-the second highest monthly figure on record. Exports were helped by strong global demand for Chinese-made steel, cell phones and apparel, while tighter credit curbed import demand.