Yu Yongding, Former President, China Society of World Economics
May 10, 2022
In The Economic Weapon: The Rise of Sanctions as a Tool of Modern War, historian Nicholas Mulder reminds us that even when Britain and Russia were savagely battling each other during the 1853-56 Crimean War, they continued to service their debts to each other. Likewise, when hedge funds launched predatory attacks on Asian currencies during the 1990s Asian financial crisis, they ultimately still played by the rules (even though their unethical behavior brought some East Asian countries’ economic progress to a halt).
Andrew Sheng, Distinguished Fellow at the Asia Global Institute at the University of Hong Kong
Xiao Geng, President of the Hong Kong Institution for International Finance
May 05, 2022
After the 2008 global financial crisis, the world seemed ready to undertake meaningful reform of the international monetary system. But the promised structural changes never happened. And the recent spring meetings of the International Monetary Fund and the World Bank indicated that the current bout of global economic upheaval will similarly fail to spur transformation.
He Weiwen, Senior Fellow, Chongyang Institute for Financial Studies
Apr 11, 2022
The Ukraine conflict will hit low-income developing countries with particular ferocity. These countries are not in Europe, nor are they involved in the war. Yet their people will suffer soaring energy costs, hunger, poverty and financial ruin.
Apr 08, 2019
Disappointing indicators show similar picture in US, China and Europe
Dan Steinbock, Founder, Difference Group
Feb 11, 2019
In the postwar era, the multilateral development banks were created to facilitate global trade. Today, they are ‘America First’ targets.
Jan 15, 2018
China should be willing to loosen trade and investment restrictions if it seeks to play a leading role in globalization, International Monetary Fund First Deputy Managing Director David Lipton said.
Amy Zhao, M.A. Student, NYU Washington Square
Dec 20, 2017
China’s foreign business policy was carried out in a double track strategy: embracing globalization, while enhancing protectionism. This was key in order to develop China’s strength in certain industries— especially those that are already well-developed in western countries— in a less-competitive environment.
Sourabh Gupta, Senior Fellow, Institute for China-America Studies
Oct 31, 2016
The current international monetary order is failing to provide the necessary tools to cope with episodes of capital flow volatility. In the short term, the BRICS countries should step in and take steps to address this issue. In the long run, they should seek to reform the monetary system and promote international financial stability.
Jun 14, 2016
China’s near-term economic outlook is being buoyed by policy support even as its medium-term prospects become more uncertain because of rapidly rising credit, excess industrial capacity and financial sector risks, the International Monetary Fund said.
Apr 01, 2016
China’s central bank Governor Zhou Xiaochuan said the government will make efforts to expand the use of the International Monetary Fund’s basket of reserve currencies in its domestic economy.