China

There are several noteworthy developments from China.   The first, while still a bit sketchy, seems the most promising.  President Hu seemed to signal an acceleration of infrastructure construction in the western part of…

A number of sources are reporting that the Chinese have been loading up on JGBs despite their relatively low yields. Is this a flight to quality by the Chinese central bank? Andy Lees of UBS shows that the magnitude of the purchases…

Kenneth Rogoff, a professor at Harvard University and former chief economist at the International Monetary Fund, talks with Bloomberg's Susan Li i Hong Kong about the global economy and China's real estate market and economy. Rogoff also…

Just three days after returning to Beijing from New York, I had to leave again, this time to a series of conferences in Torino, Italy, so it is hard to do much writing for my blog, especially since I won’t spend my free time in the hotel…

When China first announced on 19 June that it was going to reintroduce flexibility into its exchange rate mechanism, we advised caution; warning that it may take some time for China's intentions to be clarified.  The market's…

By Michael Pettis. With the PBoC’s currency announcement last Saturday and the surge (!) in the value of RMB on Monday (all very kindly timed to add zest to my meetings this week in Boston, New York, and Washington), you would assume that…

The euro has declined about 0.75% this week.  This seems fairly resilient, given that news stream that included the downgrade of a large French and Dutch bank, record premiums by Greece and Portugal and disappointing euro zone…

Gray Newman of Morgan Stanley is the third analyst this week who has been making Mexico-bullish noises due to the Chinese peg move.  In his recent research piece called "Latin America: The Renminbi Impact" he says we have…

Echoing the Marc Chandler's comments yesterday, Andy Lees of UBS had some constructive things to say about the potential effect of a Chinese revaluation on Mexico. Mexican Finance Minister welcomes the move because it will help Mexico’s…

Gary Shilling talked with Bloomberg about the implications of China's recent currency move and the European debt crisis. True to form, he is bearish – both on the Chinese move and on the European debt situation. His view is that the Yuan…