Stay updated with breaking news from Stephens Roach. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
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. ...