China

This comes via the Financial Times (Hat tip CR): China’s central bank on Monday proposed replacing the US dollar as the international reserve currency with a new global system controlled by the International Monetary Fund. In an essay…

We have seen absoultely catastrophic losses at the world's Sovereign Wealth funds in the Middle East, Singapore, Norway, you name it. Add China to this list. China's State Administration of Foreign Exchange diversified its money out of…

Marshall Auerback here. Here is my take on Chinese Premier Wen's recent statements. At the end of the day, too many people seem to be working on an old gold standard type of model in the sense that there are implied limits in terms of…

Relying on the kindness of strangers is not a very good way to ensure one's fate. However, this is certainly what the United States has been doing in running about a mountainous current account deficit. America's largest creditor is now…

According to this Bloomberg video, China will enter deflation when data is released later today. Deflation may stay with China for all of 2009 because of lower commodity prices:

Despite having made a number of bearish comments regarding China and its near-term outlook, I am a long-term China bull. Even over the short-term, China's willingess to fund long-term infrastructure projects will serve as a buffer against…

Everyone should be concerned about the increasing tone of trade friction in the global economy. While Chinese Premier Wen and U.K. Prime Minister Gordon Brown are setting a positive tone in London today regarding bilateral trade…

A survey in China has determined that job losses amongst migrant workers are three times worse than had been reported. In fact, 20 million workers in China have already lost employment.

You heard the quotes (China slams U.S. profligacy). Here's the video. After some brief introductory remarks Chinese Premier Wen gets down to ripping into the United States. If you want to get right to his most quotable remarks, they begin…

Smarting from Tim Geithner's comments about China manipulating, its currency, the Chinese have retaliated with a condemnation of U.S. economic policy in the harshest of terms. At the World Economic Forum, Chinese Premier Wen went on the…