Louis Kuijs’ latest analysis seems to suggest – based on my reading -- that three common perceptions of China are more myth than reality.     Myth one: foreign direct investment has been a big …

Bernanke’s speech at the Chinese Academy of Social Sciences is well worth reading.  He quite accurately notes – at least in the written text, if not in the actual speech – that China’s extensive inte…

OK, we don’t know how much corporate profits increased  But 29% increase in China’s corporate tax revenues in 2006 tops the 22.2% y/y increase in US corporate tax revenues so far FY 2007  … I thi…

I rather suspect I favor a bigger and faster appreciation of the RMB over time than does Dr. Jen, but I very much agree with his argument for a bit more RMB appreciation in the near term.   Stephen J…