Gradual internationalization of renminbi will benefit world's financial markets, but lessons of others should be heeded. G20 seminar on reshaping the global

The 12th Five Year Plan has rightly focused on transformation of China’s mode of economic development as top priority in the years ahead. However, without further reform of the economic system and government dependence on particular industries and interest groups, it will be very difficult to swing the focus to innovation and insure the long run of sustainable economic development.

On January 4, the World Bank issued its first round of bonds denominated in China's currency, the yuan or renminbi, worth 500 million yuan ($76 million) wit

As the US mid-term election looms and the effect of the global financial crisis (GFC) lingers, the Currency Reform for Fair Trade Act (HR 2378) is the latest sa

Although the US Department of Treasury has decided to postpone its scheduled report on whether China is manipulating its currency to gain trade advantage until