China

Because of US and European pressure Beijing may allow much faster appreciation of the renminbi than it likes over the next year, but this will almost certainly be accompanied with policies that reduce the adverse employment impact. In my…

Yesterday, Ed sent me an article by James Fallows on some 2006 comments by Republican gubernatorial candidate Christine O'Donnell regarding the threat to the United States posed by China. She said China had a "carefully thought out…

by Michael Hudson, President of The Institute for the Study of Long-Term Economic Trends (ISLET), a Wall Street Financial Analyst, Distinguished Research Professor of Economics at the University of Missouri, Kansas City and author of…

International Tension FT.com / Columnists / Martin Wolf - Currencies clash in the new age of beggar-my-neighbour Retaliation is Likely - Carnegie Endowment for International Peace Anne Applebaum - China's quiet power grab Plaza…

by Michael Pettis I am often asked, especially by my Peking University students, to list what I think is the sequence of steps China will take to address its economic imbalances.  Remember that rebalancing, in the Chinese context, has…

The Credit Writedowns Interview with President Bill Clinton: Report on a blogger meeting with former President Bill Clinton and what his views say about the agenda for Democrats and the Obama Administration. Hugh Hendry interview on…

The US House Ways and Means Committee approved the Currency Reform for Fair Trade Act before the weekend. The full House of Representatives will vote on the measure, and likely approve it on Wed. It then goes to the Senate. The Senate…

by Michael Pettis On Wednesday I will be putting up my piece on the politics of China’s adjustment process, but before doing that I wanted to mention a few recent particles worthy of comment.  First, Jamil Anderlinin has a long and…

Recently I pointed to some comments by Andy Xie which indicated he was taking a less apocalyptic stance toward the Chinese property market. It was difficult to discern how much of a climb down this was for the China bear. But, judging from…

I don't know exactly what to make of Andy Xie's quote near the end of this first CNBC video below. He says "It's not crashing like I expected in 2012," referring to the Chinese housing market. Is Xie saying: A. The crash is not…