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Zoellick: Chance for Yuan
Keywords:
World Bank chief Zoellick sees advantages for China to remake its industrial structure and its society especially boosting local wages and increasing the purchasing power of ordinary Chinese through a strengthening of the yuan.
The World Bank and the Development Research Center (DRC) Report "China: 2030"
01/06/2008
A government Chinese think tank, the DRC, and the World Bank collaborate to write a report on the best future direction for China's economy. World Bank president Zoellick's suggestion for writing this report was endorsed by Li Keqiang, who will become the new prime minister of China.
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Martin Feldstein on China's efforts to control inflation, rising real estate prices, and shift its economy away from export led growth in 2011-2013
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Feldstein says China has the economic problems of inflation, the effects of the large stimulus after the 2008 global financial crisis, and overdependence on exports, under control. The new five year plan gradually shifts the economy towards greater reliance on services and a shift away from export led growth. The smaller stimulus of 2012 is being guided to necessary infrastructure such as power development and towards low income housing. China has still to tackle problems with an aging population and its one-child policy, inequality and corruption in government. These will be challenges facing the new government.
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Global property markets: Boom and gloom
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China Inflation Rises to a 19-Month High
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Compelling Signs the Chinese Property Boom Is Over
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Chinese debt: The great hole of China
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Expert opinion on the appreciation of the yuan.
03/29/2010
One view from Yale University is that an appreciation of China's currency will not have alarge impact on American jobs, which is the opposite of what is generally thought.
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Europeâs Debt Crisis Is Casting a Shadow Over China
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The Long View of Changes in Chinaâs Currency
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An Accord (and Lessons) to Remember
Wall Street Journal 09/21/2010
China's Dangerous Overvaluation
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