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China Fabrica3TC

World economy 7th March 2016

Redefining The China Dream

Caixin | Lijia Zhang burst onto the international literary scene in 2008 with a memoir about her rebellious journey from disillusioned factory worker who spearheaded a walkout in support of the Tiananmen Square demonstrators in 1989 to becoming a writer and journalist. Her first book, Socialism is Great! A Worker’s Memoir of the New China, published by Atlas & Co., describes how she dreamed of escaping the stultifying routine of factory life, while reading Jane Eyre hidden within the folds of The People’s Daily. The book has since been translated into seven languages.

xi and elizabeth

World economy 27th February 2016

Setting Priorities Is Key to China Overcoming Its Challenges

Michele Geraci via Caixin | The Asian Infrastructure Investment Bank. The “belt and road” initiatives. The yuan entering the International Monetary Fund’s basket of reserve currencies. The Winter Olympics in Beijing. President Xi Jinping’s many trips abroad. His banquets with Queen Elizabeth and handshake with Japan’s prime minister, Shinzo Abe.

Governor Zhou counterbalance of President Xi’s

Interviews 16th February 2016

“There Is Not A Motivation For Yuan’s Depreciation To Boost China Net Exports”

W. Shuo, Z. Jiwei and H. Kan | Recently Governor Zhou Xiaochuan had an interview with Caixin and talked about the yuan exchange rate regime reform, macro-prudential policy framework, and other topics. The following is an edited transcript of the interview. Caixin: The central bank convened its system-wide annual work conference in January. We learned that before the Spring Festival, the branch offices were studying the decisions adopted at the…

yuan dollar paperplane

Markets 25th July 2014

RMB as reserve: Rebalancing the global financial system

By Peter Wong via Caixin | It is unlikely that the RMB or yuan, China’s “people’s currency,” will replace the dollar outright as the world’s only investment and reserve currency any time in the foreseeable future. But there is every indication that the dollar will have to make room for a second global reserve currency within the next 15 years. A revolution allowing investors to diversify risk – and creating a system with more choice and better ability to resist shocks – should be welcomed.

CurrenciesOK

Markets 26th June 2014

Why All Currencies Are National

By Jean Pisani-Ferry via Caixin | Actions by America’s Justice Department launching a probe against BNP Paribas are a reminder that the major international currency – the U.S. dollar – brings with it legal, judicial and political dimensions.