News Analysis The Chinese Communist Party (CCP) is launching investigations into the financial industry, triggered by a looming debt crisis and under the guise of anti-corruption. These investigations appear to be an indication that China is moving further from a market economy, while they also serve Xi Jinping’s personal goal of solidifying his power. China’s…
Beijing Investigates China’s Financial Industry as Xi Solidifies His Power
October 16, 2021
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Which Way for China’s Yuan?
Commentary The People’s Bank of China (PBOC) is in a bind. On the one hand, the country’s leadership wants to make the yuan a global currency by 2050, replacing the dollar as the world’s preferred reserve currency and primary medium for world trade. On the other hand, China remains very much an export-oriented economy that…
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