36 Results for:

May 8, 2018

China
Disaggregating the Fall in China's Current Account Surplus Since 2007 Disaggregating the Fall in China's Current Account Surplus Since 2007

China's current account surplus is almost certainly about $100 billion larger than officially reported, and the falling current account surplus masks a persistent manufacturing surplus.

April 24, 2018

International Economic Policy
Asia's Central Banks and Sovereign Funds Are Back Asia's Central Banks and Sovereign Funds Are Back

East Asia (China, Japan, and the NIEs) ran a $600 billion current account surplus in 2017. "Official" (central bank and sovereign fund) outflows accounted for about half of that. Asia's foreign excha…

March 9, 2018

China
China’s Own Goal: An Unnecessary and Counterproductive (on-budget) Fiscal Consolidation China’s Own Goal: An Unnecessary and Counterproductive (on-budget) Fiscal Consolidation

China seems to be aiming to cut its (central government) fiscal deficit to around 2.6 percent of GDP. That’s the new target—down from a three percent target last year (UBS think the actual deficit in…

October 20, 2017

China
China Bought Foreign Exchange in September (Just Not Very Much) China Bought Foreign Exchange in September (Just Not Very Much)

Analysis of the September intervention proxies for China and q2 Chinese balance of payments data.

November 22, 2016

China
Podcast Fifteen Minutes with Joshua Wong Podcast: Fifteen Minutes With Joshua Wong

When Hong Kong police cleared the streets of Umbrella Movement protestors in December 2014, many feared for the fate of the city’s democracy movement. But two years later, in September’s elections, a…

September 28, 2017

China
The IMF’s China Problem The IMF’s China Problem

Giving macroeconomic policy advice to a country that saves 46 percent of its GDP is hard. Imprudent domestic policies help limit large external (trade) imbalances, and more prudent domestic policies …

August 29, 2017

China
A woman walks past the poster of a bank branch in Beijing, China. The Global Economy’s New Rule-Maker

MILAN – In a recent commentary for the South China Morning Post, Helen Wong, HSBC’s chief executive for Greater China, shows that China’s rising generation of 400 million young consumers will soon ac…

August 30, 2017

Eurozone
Germany Cannot Quit Fiscal Consolidation Germany Cannot Quit Fiscal Consolidation

Fiscally Driven Rebalancing Turns Out to Be Hard

July 3, 2017

China
Strong Evidence That China's Tourism Deficit Is Overstated Strong Evidence That China's Tourism Deficit Is Overstated

Comments on an important new Federal Reserve Working Paper by Anna Wong

June 22, 2017

China
Hong-Kong-Democracy-BGR.jpg Democracy in Hong Kong

Hong Kong has certain political and economic freedoms based on China’s “one country, two systems” principle, but the city’s political evolution is challenging its relationship with the mainland.