from MacroScope:

China at a crossroads on yuan internationalization project

By Saikat Chatterjee
September 3, 2013

As China marks the third anniversary of the first ever bond sale by a foreign company denominated in renminbi, questions are rife on what lies next for the offshore yuan market.

from MacroScope:

Yield is king in China’s ‘dim sum’ offshore yuan bond markets

By Saikat Chatterjee
March 21, 2013

 

A return to China's offshore yuan bond markets, or "dim sum” as they are colorfully known in Hong Kong, may be sweet for Gemdale, a mainland property developer. But not all fund managers are smiling. The company raised five-year money at 5.63% amounting to 2 billion yuan. Not bad, considering that last July, it raised a lesser sum for a shorter tenor while coughing up nearly double of what it paid this time around. Add the fact that it did so by keeping to the same weak bond covenant and Gemdale seems to have pulled off a stunner.

from MacroScope:

The risk from China’s shadow banks

June 7, 2012

Many blame America’s shadow banking system, where dangers lurked away from the scrutiny of complacent regulators, for the massive financial crisis of 2008-2009. Richard Fisher, president of the Federal Reserve Bank of Dallas, said in a speech on Thursday that he is now worried about the risks to China from its own version of the shadow banks.

from Chrystia Freeland:

Cooperation among economies is fraying, says IMF head

By Chrystia Freeland
December 22, 2010

Though the ongoing crisis in Europe dominated Chrystia's interview with Dominique Strauss-Kahn last Thursday, the IMF head has much to say about the economic outlook for the United States. He believesthe biggest issue facing the U.S. right now is growth -- not deficits -- although he added that America needs a medium-term plan for fiscal consolidation.

from Financial Regulatory Forum:

COLUMN-China move like history in slow-motion: James Saft

By Reuters Staff
June 22, 2010

(James Saft is a Reuters columnist. The opinions expressed are his own)

By Jim Saft

HUNTSVILLE, Ala., June 22 (Reuters) - Asked about 175 years after the fact what he made of the French Revolution, Chinese Premier Zhou Enlai is said to have thought for a moment and concluded: "It is too soon to tell."

from Financial Regulatory Forum:

ANALYSIS-China FX move only a minor aid to G20 rebalancing

By Reuters Staff
June 21, 2010

By Brian Love

PARIS, June 21 (Reuters) - G20 leaders are likely to remain divided over how to balance the global economy at their summit in Canada this weekend, despite China's decision to let its currency trade more freely.

from MacroScope:

Unlocking the Yuan

June 21, 2010

Reuters's top news and innovation teams have put together a web site on the yuan and the debate over its revaluation. Particularly worth a look after the weekend's statement by China that it would allow more flexibility in its currency exchange. You can access it here, but it looks like this:

from James Pethokoukis:

Stronger Chinese currency is good … and bad

April 8, 2010

This is from the New York Times is important (as outlined by me):

1) A stronger renminbi could prove a mixed blessing for the United States. If China cuts back sharply on purchases of Treasuries, then the Obama administration could find it harder to finance American budget deficits.

from Financial Regulatory Forum:

COLUMN – China’s export dominance must force US rethink: John Kemp

By Reuters Staff
March 23, 2010

-- John Kemp is a Reuters columnist. The views expressed are his own --

By John Kemp

LONDON, March 23 (Reuters) - Managing the rise of China's vast economy and healing the U.S. trade deficit will require a new willingness and capacity to boost U.S. technology exports at affordable prices. More importantly it requires a new language from policymakers and a new mindset.

from MacroScope:

A grand bargain to solve global imbalances

February 17, 2010

Michael Pettis, a professor and China expert at the Carnegie Endowment for International Peace, has put together a thorough and informative look at all things U.S.-China trade. It's well worth reading and watching the entire thing, but here's a few highlights that jump out: