It is a real toss-up as to which generates more bizarre comment in the international press: Beijing’s long-feared dumping of US Treasuries, or the use and value of the PBoC’s central bank reserves. The revelation last week that Chinese holdings of US Treasury obligations fell in December by $34.2 billion, to $755.4 billion, generated a …
Read More…Archive for February, 2010
Rising wages in China are a good thing
I got back three days ago from my trip to the US and am still sludging through my jet-lag, but there are two quick takeaways from the trip I should mention. First, my Washington meetings convinced me (no big surprise here) that, just as it is doing in Europe, the issue of trade is getting …
Read More…Never short a country with $2 trillion in reserves?
I am traveling in DC, NY and Boston over the next few days, and between meetings and jet-lag it is hard for me to do much on my blog, but I did want to extend a short piece I wrote that was published yesterday in the South China Morning Post. This is because it is …
Read More…