The future movements of the Chinese yuan have been one of the most hotly debated issues in the global economy for many years. The initial 2.1% revaluation of July 21, 2005, after a decade at CNY8.28/US$, was almost as eagerly awaited as the release of the first Star Wars prequel, and like the latter, it… [Read more]
On this week’s Business Monitor Podcast, Head of Country Risk & Financial Markets Justin Patrie, Chief Economist Tim Cooper and Head of Asia Analysis Stuart Allsop discuss the global strategic outlook. The market sell-off catalysed by the German ban on naked short selling has reinforced BMI’s core views including deflation over inflation, a slowdown in… [Read more]
There is no question that China’s economy is booming, with growth spiking to 11.9% in the first quarter. The world’s largest country (by population) appears to have swept off the global recession with aplomb and many an analyst are counting on Chinese demand to drive a new global growth cycle. But is this growth sustainable… [Read more]
