A simpler way to solve the “dollar problem” and avoid a new inflationary cycle

Domingo Cavallo, Joaquín Cottani, 12 May 2009

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When China’s Premier Wen Jiabao recently expressed concerns about the future of the US dollar, the currency in which most of his country’s official reserves are denominated, his remarks provoked contrasting reactions among US economists.

Topics: International finance
Tags: China, dollar trap, inflation, US debt

The rise of “consumer cities” in China

Matthew E. Kahn, Siqi Zheng, 14 April 2009

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China’s population is rapidly urbanising. The share of the population living in cities in China increased from 28% in 1990 to 44% in 2006. The annual real wage of an average urban worker in 2006 was four times higher than in 1990.

Topics: Development, Environment
Tags: China, cities, environmental Kuznets curve, green amenities, pollution

Currency “manipulation” and world trade: A caution

Robert W. Staiger, Alan O. Sykes, 30 January 2009

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The Chinese yuan was pegged from 1994 until mid-2005 at 8.28 yuan to the US dollar. China shifted in 2005 to a policy of loosely pegging the yuan to a basket of major currencies. Since then the yuan has appreciated against the dollar, and the current yuan/dollar exchange rate stands at roughly 6.84.

Topics: Exchange rates, International trade
Tags: China, Currency manipulation, renminbi, yuan undervaluation

How can China help reduce climate policy costs?

Carlo Carraro, Valentina Bosetti, Massimo Tavoni, 1 October 2008

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In parallel to the growing scientific consensus regarding climate change, the climate challenge has become a public policy priority and now ranks high on the political agendas of many countries.

Topics: Environment
Tags: China, climate change, developing countries

Lessons in humility: Estimating currency misalignment

Menzie D. Chinn , Yin-Wong Cheung , Eiji Fujii, 12 September 2008

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For years, various policy analysts and policy makers have asserted that the Chinese currency, the Renminbi (RMB), is substantially undervalued (Goldstein 2007).

Topics: Exchange rates
Tags: China, renminbi, undervaluation

The growth future – India and China

Arvind Subramanian, 29 August 2008

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Can China and India sustain their current growth rates?

Topics: Development
Tags: China, growth, India, reform

Chinese companies worldwide

Philippe Gugler, 23 August 2008

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Some of the recent, high profile acquisitions of Chinese companies have become widely known. The acquisitions of IBM’s personal computer business by the Chinese Lenovo or MG Rover by Nanjing Automobile Group Corporation are famous examples. After all, we will soon see the first Chinese car company actually producing vehicles in Europe!

Topics: Global economy
Tags: China, China multinational enterprises foreign direct investment, foreign direct investment, multinational enterprises

Too many boys…

Esther Duflo, 18 August 2008

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China is gradually getting rid of the vestiges of its communist past. But the demographic policy of the 1980s and 1990s planted a time bomb, and its effects are just starting to be felt.

Topics: Development
Tags: China, crime, one child policy

How much of Chinese exports is really made in China?

Robert B. Koopman, Zhi Wang, Shang-Jin Wei, 8 August 2008

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China is the archetype of an economy that is well integrated into global production chains. It imports raw material, equipment, and other intermediate inputs, and then exports 37% of its output to the world market (in 2006), which is huge when compared to the United States (8%) or India (13%).

Topics: International trade
Tags: China, domestic content, exchange rate appreciation, export processing

Doha Round failure: This is the way the round ends…

Joseph Francois, 1 August 2008

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Trade negotiators in Geneva have finally admitted the obvious and given up on their efforts to negotiate a new WTO trade agreement. As a result, the Doha Round of trade negotiations has been allowed to collapse. Next comes the blame game, with finger pointing across the Atlantic and across the rich-poor-countries trench.

Topics: International trade
Tags: China, Commodity prices, Doha Round, food prices, MFN, plurilateral agreements, regional agreements, South-South liberalization, WTO