BEIJING: At the opening of the annual session of China's parliament, the National People's Congress (NPC), Premier Wen Jiabao announced that the government's target for annual economic growth in 2012 was 7.5%. With the global economy still (...)
BEIJING: From July 2005 until this past December, China's renminbi (RMB) appreciated steadily. But then the RMB fell unexpectedly, hitting the bottom of the daily trading band set by the Peoples' Bank of China (PBoC) for 11 sessions in a row. Though (...)
BEIJING: In theory, the difference between capital inflows and outflows in developing countries should be positive — they should be net capital importers, with the magnitude of the balance equivalent to the current-account deficit. Since the (...)
BEIJING: Even as the debt crises in Europe and the United States loom large and the global economic recovery falters, inflation is making a comeback worldwide. Indeed, emerging-market economies are bracing for a serious bout of it – together with (...)
BEIJING: Despite shaky economic fundamentals, US government securities are usually regarded as a safe haven. Whenever a crisis erupts, the value of US Treasury bonds gets a boost. Indeed, US Treasuries were among the few assets that did not decline (...)
