The recent decision by the Bank of Japan to increase the scope of its quantitative easing is a signal that another round of currency wars may be under way. The BOJ’s effort to weaken the yen is a beggar-thy-neighbor approach that is inducing policy reactions throughout Asia and around the world.Central banks in China, South …
Based on the list published by The Diplomat here’s the 10 must to read books in order to understand the Chinese Economy: 1 – Avoiding the Fall – Michael Pettis. Despite a faulty narrative of Peking University’s Michael Pettis being a “China Bear,” this book, like his popular blog, is not a scare story. …
Measuring gross domestic product using purchasing power parity (PPPs) the International Monetary Fund now estimates China’s GDP at $17.6tn, against the US’s $17.4tn. PPPs are an attempt – far from perfect – to account for varying price levels between countries, particularly in goods and services not open to international competition. PPPs make a big …