Jesse Eisinger has a nice Long and Short column exploring CNOOC’s bid for Unocal in the Wall Street Journal. I liked this quote from Lehman’s Ethan Harris:The Cnooc bid "strikes people that we really…

China indicated its reserves have increased to $711 billion at the end of June -- up $101 billion from the end of December 2004. Actually, they are up more than that. China transferred $15 billion …

Dan Drezner and David Altig are waxing enthusiastic about China's decision to allow domestic banks to trade the RMB forward - a development that in theory will help Chinese firms to better "hedge" th…

should be interesting.   I'll miss the actual release though; I won't be back to my desk until later in the day. The number to watch, at least in my view: non-oil imports.   They have not been growin…

Three things to watch closely in 2006:The size of China's reserve increase.   Some say it is falling back from its recent $20 b or so monthly pace.  I am not convinced.   The amount of sterilization …