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July 21, 2005

China shifts to a basket peg

But the change against the dollar is small.  Very small. Too small in my view to have much of an economic impact, in any way.  On trade flows.  Or on capital flows.  I would still bet on a furth…

July 27, 2005

China
Forget Unocal. China really wants Intel

At least that is what "John Rutledge, a former economic adviser to President Bush" thinks.  To maintain its competitive advantage, Chinese companies must acquire technology that will make the country…

August 1, 2005

China
Summarizing China in one paragraph …

is hard, but James McGregor gave it a go in the Sunday Washington Post: It is difficult to overstate the transformation that has swept China in the past 15 years. To frame it in terms of comparable h…

August 2, 2005

Economics
Tim Adams, the new Treasury Under Secretary for International Affairs

is at least making the right noises ...  The informal institutions that help govern the global economy - institutions like the G-7 -- do need to evolve.   So do the formal institutions for global e…

August 19, 2005

China
Comments on Dooley, Garber and Folkerts-Landau: part 1, China

As usual, Michael Dooley, Peter Garber and David Folkerts-Landau are provocative. And in a lot areas, the arguments made by those - like Dooley, Garber and Folkerts-Landau -- who argue that the Brett…

China Reserves Graph