 |
 |
 |
 |
 |
 |
 |
As a new set of leaders come into power in China, the question of economic rebalancing has come to the forefront. The current Chinese economic model is straining and a broad consensus has emerged amongst Chinese economists that more reform is necessary. The content and pace of this reform, however, is still very much under [...]
I recently left a comment on Paul Krugman’s blog post on financial repression in China. Krugman wrote: I have no idea whether this John Hempton piece on China is at all right, but it’s a terrific read, and provides food for thought. Hempton basically argues that China has turned financial repression—controlled interest rates on deposits, which ensure [...]
This piece was originally posted on East Asia Forum The imminent rebalancing of China’s economy has been forecast repeatedly over the past several years. With the shrinking of China’s external surplus during 2011, proponents of this argument have all but declared victory. The decrease of the current account surplus, from 10.1 per cent in 2007 to [...]