Faculty Member, Yale University
Oct 22 , 2013
With 90 days left to bridge the ideological and partisan divide before another crisis erupts, the fuse on America’s debt bomb is getting shorter and shorter. As a dysfunctional US government peers into the abyss, China – America’s largest foreign creditor – has much at stake.
Aug 30 , 2013
The global economy could be in the early stages of another crisis – and, once again, the Federal Reserve is in the eye of the storm. As the Fed attempts to exit from its unprecedented policy of massive purchases of long-term assets, many high-flying emerging economies suddenly find themselves in a vise.
Jun 28 , 2013
The Federal Reserve and the People’s Bank of China are on the same path to policy normalization, but for very different reasons, writes Stephen Roach.
May 01 , 2013
At 7.7%, China’s annual GDP growth in the first quarter of this year was slower than many expected. While the data were hardly devastating relative to a cons
Apr 03 , 2013
The debate is over. After six years of weighing the options, China is now firmly committed to implementing a new growth strategy. At least, that’s the verdict I gleaned from the just-completed annual China Development Forum, long China’s most important dialogue with the outside world.
Jan 30 , 2013
In a feat unmatched by other world powers, China’s economy survived its second soft landing in less than four years. However, as external factors continue to shock China, its economy has faced increasing vulnerability. Now, economic rebalancing and reform could hold the key to continued growth.
Oct 25 , 2012
As America’s election season nears its finish, the debate seems to have come unhinged. Nowhere is that more evident than in the fixation on China – singled out by both President Barack Obama and his Republican challenger, Mitt Romney.
May 02 , 2012
For too long, the United States has allowed its fixation on the renminbi’s exchange rate to deflect attention from far more important issues in its economic relationship with China. For a growth-starved US, the opportunities for access to China’s markets far outweigh the currency threat.
Feb 05 , 2012
Today, fears are growing that China and India are about to be the next victims of the ongoing global economic carnage. This would have enormous consequences. As
Oct 18 , 2011
China’s economy is slowing. This is no surprise for an export-led economy dependent on faltering global demand. But China’s looming slowdown is likely to be b