Overview This is an update to the January 2009 Working Paper China’s $1.7 Trillion Bet. Download the original paper [PDF]. China is now by far the United States’ largest creditor. Its treasury …

To counter security threats of Chinese investment in U.S. critical technology, policymakers should boost innovation in the U.S. economy as a way to maintain a technological edge rather than seek to block or restrict Chinese investment or to limit the export of certain technologies.

Overview The twentieth century saw the rise of the U.S. dollar, the German mark, and the Japanese yen as international currencies. Now the Chinese renminbi is on a similar course toward reserve cu…

Overview China is making swift strides toward internationalizing its currency, the renminbi, but it must be careful when sequencing these changes. Without the proper reforms, wide-open Chinese fin…

Overview The recent rapid growth of the offshore renminbi market presents a puzzle for analysts of China's development strategy. By allowing renminbi to flow offshore uncontrolled before loosening…