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The Survey and Statistics Department at the People’s Bank of China (PBoC) has once again proven itself to be a source of interesting new policy ideas to deal with China’s economic problems. The report, Factors Behind Germany’s Economic Resurgence and Lessons for China (CN), outlines several policy prescriptions used by Germany that have relevance for [...]
It’s a common argument these days that China is becoming too expensive and losing its competitive edge in trade. The press is full of anecdotes from foreign companies complaining that they are being priced out of China and are moving operations elsewhere. Those that follow China know that these arguments are not new and are [...]
Note: This is an excerpt of the forthcoming PIIE Policy Brief Understanding the Trans-Pacific Partnership by Jeffrey J. Schott, Barbara Kotschwar, and Julia Muir. The text of this post was also the basis for the author’s remarks at The Trans-Pacific Partnership and the Future of International Trade event (the webcast of which can be found [...]
In an interview with Caixin, Agricultural Bank of China Chairman Jiang Chaoliang made the following statement: Economic growth primarily relies on exports, consumption and investment. But in the current circumstances it’s very difficult to get these three things on par with one another. With a slow recovery in the U.S. and the euro debt crisis still [...]