Monetary policy • Table.Briefings

Chinese money - 100 Yuan - business background

March 5th, 2026

Finance: Public budget climbs to record high

Beijing wants to stimulate the economy with a “proactive fiscal policy.” The 15th Five-Year Plan relies on a range of instruments. The public budget is climbing to a record high.

By Marcel Grzanna

News | Monetary policy

February 3rd, 2026

Chinese currency: Beijing shows no appetite for a stronger renminbi

China’s national currency, the renminbi, remains significantly undervalued, giving the country a competitive edge in global markets. At the same time, this monetary stance carries substantial risks for the world’s second-largest economy.

By Marcel Grzanna

Feature | Monetary policy

February 2nd, 2026

Renminbi: Exporting unemployment to Europe

The Chinese national currency remains significantly undervalued. This gives China an advantage in the global markets. However, this monetary policy also harbors considerable risks for the second-largest economy.

By Marcel Grzanna

News | Monetary policy

January 6th, 2026

Economy: Central bank signals monetary easing while aiming to keep the yuan stable

China’s central bank plans to maintain an accommodative monetary policy in 2026 to support economic growth and boost domestic demand. At the same time, it aims to keep the yuan exchange rate stable.

By Julia Fiedler

Feature | Monetary policy

November 3rd, 2025

Japan: Why the central bank is being recalcitrant

Japan’s national currency urgently needs stimulus to end its downward trend. But the central bank is not even thinking of intervening, preferring to put up with complaining consumers and companies.

By Marcel Grzanna

Opinion

October 12th, 2025

Opinion: How Asia can reduce its dependence on the dollar

Despite rising geopolitical tensions and escalating trade wars, the global dominance of the US dollar is unlikely to wane in the short term. This makes the Asian economies vulnerable to dollar shocks and underlines the need for greater regional cooperation and stronger financial safety nets.

By Hiro Ito and Yasuto Watanabe