Zhang Monan, Senior Fellow, China Center for International Economic Exchanges
Aug 28, 2015
A long-term stable RMB exchange rate with a two-way volatility is conducive to maintaining the financial asset price, to preventing a large-scale capital outflow, to controlling foreign-debt risk, to reducing the cost and burden of debt financing and to stabilizing economic growth anticipation.
Jin Bei, Professor and Editor-in-Chief, China Economist
Aug 27, 2015
China has entered into a crucial period of comprehensive deepening of reform. Reform carried out in some areas has already addressed quite a few chronic problems. Other major reform initiatives are under deliberation as well.
Stephen Roach, Faculty Member, Yale University
Aug 26, 2015
Tectonic shifts are occurring in the economy, financial markets, geopolitical strategy, and social policy. The ultimate test may well lie in managing the exceedingly complex interplay among these developments. Is China’s leadership up to the task, or has it bitten off too much at once?
Dan Steinbock, Founder, Difference Group
Aug 26, 2015
As the Fed is paving way for the first rate hike in a decade, the world economy prepares for the greatest shift of capital flows in five years. Recent market turmoil in the U.S. and China heralds the transition.
Sourabh Gupta, Senior Fellow, Institute for China-America Studies
Aug 18, 2015
Shrill forebodings of a return to ‘currency wars’ and irremediable U.S.-China trade quarrels are overblown – although the prognosis on this front is somewhat mixed. A small step backwards (the yuan devaluation on August 11th) might yet come to reflect the biggest leap forward in Asian economic, trade and financial regionalism in the years and decade ahead.
Michal Meidan, Director, China Matters
Aug 17, 2015
The 1.8% devaluation of the yuan has started a debate in China-watching circles about whether or not the People’s Bank of China is trying to make the RMB more market-determined, or trying to make boost its exports. Most likely, Beijing is allowing the RMB to find its feet before the IMF review in November.
Yi Xianrong, Researcher, Chinese Academy of Social Sciences
Aug 14, 2015
Although the degree of depreciation could be determined by how the Chinese government weighs the advantages and disadvantages of RMB exchange-rate movement, market forces play a more important role, and investors must pay close attention to this.
Curtis S. Chin, Former U.S. Ambassador to Asian Development Bank
Aug 12, 2015
The tremendous volatility of China’s markets has led to direct and indirect government involvement, which is ultimately a short-term fix. Beijing must re-commit to the opening of its financial markets and to a deepening of capital market reforms.
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
Aug 06, 2015
China’s current stock market volatility, though not necessarily desirable, represents a natural market correction from its June 12 peak. The economy has undergone a standard cycle of displacement, overtrading, monetary expansion, discredit, and revulsion, all in a matter of less than 12 months.
Tom Watkins, Advisor, Michigan-China Innovation Center
Aug 03, 2015
The China wave will continue to roll across the globe crashing on far away shores as the 21st century unfolds. Individuals, states, and nations can do nothing and be swamped or learn to surf and ride the wave.