The World Trade Organization’s Bali deal is likely to boost China’s economy tremendously. Here’s how. Eighteen years since its founding and one day after the current round of trade liberalization talks’ scheduled end, on 7th December 2013, the 159 members of the World Trade Organization (WTO) finally did something few observers expected: they agreed on something. […]
A History of Private Enterprise in China
In December 1978, China began a series of economic reforms collectively termed as the “Reform and Opening Up” policy led by Deng Xiaoping, through which the country embraced “socialism with Chinese characteristics”. Since then, China’s policy makers have walked a winding path towards prosperity, herding the nation’s behemoth state-owned enterprises (SOEs) and an increasingly vibrant private sector in […]
RMB or QE? The truth behind the currency wars, and the real threat to the global economy
In 2010, Brazilian Finance Minister Guido Mantega sent ripples through the financial world by voicing something that had been on many people’s minds but remained unspoken: an “international currency war” was on the horizon. In China, those fears go back even farther to 2007, when economist and former advisor to Fannie Mae and Freddie […]
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