The dean of the National School of Development, Yiping Huang, believes that economic reforms in China can only be realized if Beijing reins in its local governments with determination and clever policy-making.
By Redaktion Table
The climate crisis threatens financial and price stability and has put central banks on notice. Banks are still investing billions in fossil fuel industries. Are the Chinese and European central banks doing enough to fight climate change?
By Nico Beckert
The Chinese government is working at full speed on the "money of the future" – the digital renminbi. They do not want to leave the field to commercial payment providers and want to retain access to valuable data on payment flows. The US central bank, the Fed, has seen a little rush to introduce an e-currency so far. The ECB, on the other hand, wants to decide on the e-euro this summer but still has some problems.
By Redaktion Table
China is facing a new financial crisis – or so it is often said. That Beijing could face a major financial crisis is rarely debated. Yet the Chinese government is not limited in its spending in its own currency. It is unthinkable that the Chinese central bank, as the creator of the yuan, would refuse to make Chinese government payments.
By Redaktion Table
