26 Results for:

January 13, 2009

Monetary Policy
Secrets of SAFE: A sharp slowdown in reserve growth and large “hot” outflows in q4….

China’s formal foreign exchange reserves rose by about $40 billion in the fourth quarter, rising from $1906 billion to $1946 billion. Adjusted for valuation changes, that works to a $55 billion or …

Secrets of SAFE: A sharp slowdown in reserve growth and large “hot” outflows in q4….

July 21, 2008

Monetary Policy
Just how much money does China have? How fast are China’s foreign assets growing? And how much is hot money?

Answering these questions has been a long-term obsession of mine. I am not sure I have the answers, even now. China’s government doesn’t make tracking the growth of its foreign assets easy. …

’chinese-foreign-assets-h1-08-1.JPG’

November 26, 2007

Financial Markets
Oil math

I loved the FT.com’s interactive oil map – particularly the graph showing the global flow of oil. I was also impressed by Qing Wang’s analysis of the impact of rising oil prices on China.   China …

July 18, 2007

China
$136 billion here, $131b there and pretty soon you are talking about real money …

China announced that it added $130.6b to its reserves in the second quarter, only a bit smaller than the $135.7b it added in the first quarter.  Most of the increase was real: if China had 5% of its …

chinese_holdings_of_us_debt

November 8, 2006

China
Absence of global rebalancing watch - first q4 data point from China edition

I spent last night following the outcome of the US election.   It looks like a majority of US electorate tired of Bush Administrations policies (and Rummy) before the rest of the world tired of finan…

chinatrade1

October 19, 2006

Monetary Policy
Richard McGregor helps to solve the mystery of China’s slow q3 reserve growth.

The increase in China’s q3 reserves was about $30b below my expectations.  China’s current account surplus is usually about $15b per quarter larger than its trade surplus, and net FDI inflows have be…