There are valuable lessons that policy makers can draw from the successful defense of the Singapore dollar against depreciation pressure in 1985 and interestingly, the case bear many resemblances to the RMB situation today.
The discussion and debate on the South China Sea dispute has fallen into a deadlock between two monological contexts, generally between Chinese commenters and their counterparts from the US and its allies.
Less than one year after the party invoked the building of the “rule of law,” 317 human rights lawyers, activists and their family members in China since July 2015 have been reportedly detained and investigated.
It is necessary to review China’s enhanced yet uneven participation in global and multilateral institutions, and to recognize that China has not been fully included in a few important arenas of multilateral cooperation and governing regime building such as energy.
Last year, a series of financial crises forced the Chinese authorities to take a closer look at the regulatory setup of the financial system. The most popular replacement strategy suggested is to form a super central bank.