Page 7 - Stephens Roach News Today

China's post-COVID recovery has been hurt by Beijing's crackdown on real estate and tech giants. Strong exports have, until now, saved the economy but what happens when global demand for Chinese goods abates?

NEW HAVEN — The transitory inflation debate in the United States is over. The upsurge in US inflation has turned into something far worse than the Federal Reserve (Fed) expected. Perpetually optimistic financial markets are taking this largely in stride. The Fed is widely presumed to have both the wisdom and the firepower to keep underlying inflation in check. That remains to

NEW HAVEN — The transitory inflation debate in the United States is over. The upsurge in US inflation has turned into something far worse than the Federal Reserve (Fed) expected. Perpetually optimistic financial markets are taking this largely in stride. The Fed is widely presumed to have both the wisdom and the firepower to keep underlying inflation in check. That remains to

Recently Zhou Xiaochuan, Governor of the People’s Bank of China (PBOC), China’s central bank, had an interview with Caixin and talked about the yuan exchange rate regime reform, macro-prudential policy framework, digital currency, and other topics. The following is an edited transcript of the interview.The central bank convened its system-wide annual work conference in

Commentary From Evergrande to rising unemployment, blackouts to a rapidly aging population, China is facing an existential reckoning. ...

Stephen S Roach, a faculty member at Yale University and former chairman of Morgan Stanley Asia, is the author of ‘Unbalanced: The Codependency of America and China’. When it comes to the Chinese economy, I have been a congenital optimist for over 25 years. But now I have serious doubts. The Chinese government has taken dead aim at its dynamic technology sector, the engine of China’s New Economy. Its recent actions are symptomatic of a deeper problem: the state’s efforts to control the ...

The ghost of Arthur Burns May 25,2021 - Last updated at May 25,2021 NEW HAVEN — Memories can be tricky. I have long been haunted by the inflation of the 1970s. Fifty years ago, when I had just started my career as a professional economist at the Federal Reserve (Fed), I was witness to the birth of the Great Inflation as a Fed insider. That left me with the recurring nightmares of a financial post-traumatic stress disorder. The bad dreams are back. They centre on the Fed’s legendary chairman...

NEW HAVEN  —  As the second vaccine shot went into my arm, I could almost taste the instant gratification of deferred desires. Having done without for nearly a year, it was time to indulge.

Notwithstanding the predictable release of pent-up demand for consumer durables, face-to-face services show clear evidence of lasting scarring. Consequently, with the snapback for durables likely to be finished soon, even rapid vaccination is unlikely to shorten the tough time that lies ahead for the post-pandemic US economy.

Share this article Share this article BEIJING, Jan. 28, 2021 /PRNewswire/ -- Officials and experts have urged China and the United States to reshape their damaged relationship and called on the new US administration to employ positive policies to refresh ties with Beijing to benefit both nations and the world. Addressing the virtual Vision China event organized by China Daily on Thursday, Vice-Foreign Minister Le Yucheng expressed hope that the new year will bring a new start to China-US relat...