» 10/27/2008, 00.00
China is in good shape, but must not underestimate the global crisis
The director of China's central bank, Zhou Xiaochuan, illustrates the situation in the country and the possible strategies for addressing it. Beijing is demonstrating caution in anticipation of seeing how significantly the worldwide crisis might strike it, but is confident that it will be able to continue its rapid growth.
Exports collapsing, at least 10 million jobs at risk
In recent months, the country has suffered the effects of the global economic crisis to a much greater extent than predicted. Now there are questions about the consequences for the farming industry, and for the 220 million people already under the poverty level.
“Hightened concerns" about growth in China among the reasons for the Fed zero rate
For Janet Allen, head of the Fed, China and emerging markets have uncertain outlooks. The Shanghai stock market recovered slightly despite a bad week. Skepticism about China, the US and world economy.
23/02/2009 CHINA - UNITED STATES
China and U.S. breathe sigh of relief: economy more important than human rights
For Mrs. Clinton, human rights will no longer be the main issue. In exchange, Beijing has decided to continue buying U.S. Treasury bonds, in order to support the American economy.
World Bank: Chinese growth will fall to 1990 levels
The World Bank warns that the situation could become even worse. Beijing, preoccupied over rampant unemployment, is addressing the problem by stimulating domestic consumption. But meanwhile, it is unable to contain the growing social protests.
03/01/2009 ASIA - CHINA - U.S.
Chinese yuan set to replace dollar
Beijing has launched the experiment of using the yuan as a reserve currency in relations with 8 countries. Chinese exporters are asking to charge in yuan instead of dollars, because the U.S. currency is losing value. But China needs to revise its model of development, too much inspired by eighteenth century mercantilism.
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