[Abstract] RMB globalization may get inspired from two most important cases in currency history like DEM and JPY: firstly trade volume is the foundation for a national currency’s globalization; secondly,
[Abstract] To meet the target of 8% in its GDP for 2009; China needs to have a 8.5% growth rate for the last three quarters and its export must have positive growth. Given that the world economy has not
[Abstract] Whether China economy can ride out the hardship depends on, to some extents, whether China export can get out of difficulty. We should aggressively expand overseas investment and create export
[Abstract] The export drops dramatically for the year, with 20.5% from Jan to Apr. US needs more time for economic recovery, import demand from developed countries remains stagnant, China’s overall export is
[Abstract] Recently the economics circle has a debate on whether China has deflation with its economy, the core of debate lies in the criteria for determining deflation. Supporters believe deflation refers to the continuous
[Abstract] As US economy is in recession, many scholars analyze the prospect of US economy from different angles. Currently there are three views: V shape, U shape and L shape. The said researches are mostly
[Abstract] By taking advantage of the institutional defect of the international financial system, the U.S. has gained huge amount of seigniorage, and it now may turn to a weak dollar policy. Therefore, we need to reform the dollar-based international monetary system, while promoting RMB internationalization. It will be difficult to reform the international monetary system in the short term, however, the RMB internationalization can be implemented step by step. In fact, the RMB internationalization has already started. In the short term, RMB internationalization can be implemented on a peripheral, regional and bilateral basis, its range can then be expanded to trans-regional and multi-lateral. In the middle term, we should aim at the internationalization of RMB, meanwhile, the international monetary system should take the approach of “Improve the system first, reform later.” In the long term, we should make RMB one of the international base currencies to provide the world with lasting liquidity.
[Abstract] 2009 has gone by one quarter, the state statistic authority has released the economic performance for the first quarter, from which we conclude that China economy is riding out the most difficult time in general,
[Abstract] After taking advantage of the systematic defect of International Monetary System to earn a large amount of free “Seigniorage”, US may turn around to adopt a weak US Dollar policy. Therefore China should,
[Abstract] the core of US’s green policy is the transformation of energy strategy. The development of energy industry will bring new economic booster for US, and will help set the pace in the international competition
[Abstract] as the world economic crisis keeps spreading, whether China’s foreign trade can ride out the difficulty will to some extent determine whether a country can pull its economy out of its present predicament.
[Abstract] As US financial crisis keeps spreading, and the world economy gradually slows down, we should give full play to the fiscal policy’s driving and magnifying economy effect, improve household consumption,
[Abstract] As the western countries run into hardship, we must put emphasis on the economic cooperation with a variety of developing countries, which not only meets our long-term diplomatic policy, but also alleviates
[Abstract] The global finance and economy assumed an encouraging trend after the London G20, which mainly attributes to the intensified economic stimulus efforts by G20 members such as Japan and US and international financial
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