China watchers around the world are alarmed at the significant fall in Chinese stock markets. But Beijing may have a few tricks up its sleeve.
At a time when the administration wants to convince Vladimir Putin that the U.S. has the will to employ potent economic tools to further its diplomatic objectives, a 34-page document that the Treasury Department delivered to Congress on April 15 doesn’t help our credibility. The “Semiannual Report to Congress on International Economic and Exchange Rate […]
On March 5, China announced that it was increasing its defense budget for 2014 by 12.2 percent over the 2013 level, to $131 billion. Analysts and diplomats greeted the news with complaints that Beijing’s disclosures about its military spending are unduly opaque and often low-ball the actual defense budget by not including many weapons programs. […]
In mid-January, the People’s Bank of China (PBoC) announced that its foreign exchange reserves had grown by a breathtaking $157 billion in the fourth quarter of 2013. That influx of reserves brought annual growth for 2013 to $508 billion (the largest calendar-year increase ever) and pushed the total amount of China’s reserves toward the $4 […]
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