138 Results for:

October 19, 2006

China
Washington Post v. New York Times on China’s auto exports

Post: Bullish Times: BearishActually, it isn’t that hard to reconcile the two stories.   The Post focuses on auto parts exports.   Keith Bradsher of the Times focuses on exports of Chinese-made au…

December 30, 2007

China
Does the China investment corporation (CIC) have a coherent investment strategy?

I personally would say no.  And I am not alone.  Tan Wei of mergermarket.com reports (in the FT) “a source familiar with the Chinese government’s thinking … who has direct access to the Chinese g…

June 7, 2007

China
The reverse processing trade …

A standard argument is that China’s export success is overstated.   Sure, a lot of goods, especially electronics, are assembled in China.  But those goods are composed of imported parts.     Chinese …

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December 19, 2007

China
The alliance between China’s (nominally) communist government and Wall Street deepens …

The China investment corporation (the CIC) is investing $5b in Morgan Stanley, taking a 9.9% stake.That is a bit of a surprise, at least to me.   After the CIC's (mark to market) losses on Blacks…

May 1, 2008

China
Managing China’s real appreciation

The BIS computes the real exchange rate for a broad range of countries (if only the data extended backwards a bit further). The BIS data shows that China’s real exchange rate tracked the US real e…

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February 2, 2009

Capital Flows
New York State and the Global Financial Crisis

WILLIAM WELD: Having myself dabbled briefly in New York politics a few years ago -- dilettanted, really, more than dabbled -- (laughter) -- I can attest that our guest, our honored guest today, was …

February 2, 2009

Capital Flows
New York State and the Global Financial Crisis

Watch New York Governor David A. Paterson discuss the proposed federal stimulus package and the need for policymakers to work with private financial institutions to create innovate solutions to the e…

September 5, 2008

China
Interesting

One of my usual laugh lines is that the CIC isn’t a sovereign wealth fund; it is a sovereign loss-minimization fund. After all, selling debt denominated in an appreciating currency (and one that…

January 23, 2009

Monetary Policy
Is the US now more, or less, reliant on China’s government for financing?

Rarely do nominees -- or even Treasury Secretaries -- make news in their written response to questions posed by Senators. But Tim Geithner’s comments on China yesterday tcertainly made news. I m…

January 2, 2009

China
As trade slows, China doesn’t rethink its growth strategy ...

My title is a play on the New York Times’ online headline: "As Trade Slows, China Rethinks its Growth Strategy." The print version of the Times carries a headline that more accurately reflects the…