China
The IFF China Report 2019: The Belt and Road Initiative
Over the past five years, China has invested more than $70 billion in Belt and Road Initiative (BRI) countries, of which there are now in excess of 100. Leading Chinese and international policy-makers explain how BRI efforts are progressing. This section…
The Belt and Road Initiative 2019 Survey – A new driver for globalisation?
The second Belt and Road Initiative (BRI) Survey of 28 central banks reveals that they view the BRI as a major driver of globalisation, with a high percentage of respondents expecting the initiative to provide a significant boost to GDP. So far,…
China’s Q1 GDP beats expectations on surging industrial production
But the recovery may not prove durable, economists warn
China’s new loans rebound as PBoC focuses on growth
PBoC maintains focus on growth but possibility of reserve ratio cut in April has eased
The IFF China Report 2019: Redesigning the international trading and monetary system
Reform of the financial system that brought about the 2007–08 financial crisis has not gone far enough and advanced and emerging market economies must find a more co-operative way forward to ensure globalisation can continue.
The turmoil test for emerging and advanced economies
Greater integration between advanced and emerging market economies during globalisation has made both more susceptible to risk of spillover – financial contagion and volatility. As the US continues to normalise its monetary policy, deputy governor of…
Internationalising renminbi – Hong Kong leads the way
Hong Kong’s advantages in technology, talent and infrastructure make it best placed to form the primary transaction and risk management network for the overseas offshore renminbi market, argues Zhou Chengjun, IFF Academic Committee member and deputy…
An international system for all
Reform of the system that brought about the financial crisis in 2007–08 has not gone far enough, writes Zhu Xian, IFF vice-chairman and vice-president of the New Development Bank. Developing countries are demanding greater influence in global economic…
Chinese inflation rebounds amid easing of monetary policy
CPI hits 2.3% in March, the highest level in five months, while PPI reverses its declining trend since late 2017
IMF cuts growth forecasts for most economies
Japan and China are the only two to receive a more optimistic outlook from the IMF; global economy at a “delicate moment”, says Gita Gopinath
BIS paper finds some potential benefits to ‘bigtech’
Firms may be better able to predict losses and support underserved borrowers, authors find
Euro’s ‘heft’ has been underappreciated – BIS’s Borio
Several roles of the euro as an international currency are underappreciated, says Borio
The IFF China Report 2019: New globalisation – The path to the future
Multilateral rules and multilateral bodies will need to be upgraded in the coming years to better represent the shift in economic gravity towards Asia, which has emerged as the largest contributor to global growth during the past decade.
IMF recommends new tool to measure housing market risks
Model shows downside risks in Chinese housing market have grown recently, report finds
PBoC denies reserve ratio rumour and seeks police investigation
PBoC denies widespread market rumour that it plans to cut the key reserve ratio starting from April 1
Yi pledges to continue opening up China’s financial sector
Some measures are yet to be finalised despite end-2018 goal
PBoC improves policy communication
Central bank revamps English website and appears to address market concerns more frequently
China’s bond market needs reform, economist says
IMF book looks in detail at China’s bond market characteristics, prospects and reforms
PBoC to develop new fintech regulation
Central bank will implement new roadmap in 2019, which will see improved regulatory mechanism
Supervisory compliance weaker on 55% of Basel III principles – IMF
FSAP reports uncover potentially worrying trend on financial supervision since mid-2013
Yi Gang makes People’s Congress debut as dilemmas grow
Governor says he sees smaller room for cutting reserve requirement ratios in 2019 but does not rule out the possibility
PBoC independence would help China’s exchange rate goals – IMF paper
Researcher recommends four China-specific policies to support greater exchange rate flexibility
Trade tensions could ripple among South-east Asian nations – Menon
Rising leverage ratios a key risk for EM Asia, but the region is more resilient
China resorts to fiscal policy to stimulate slowing economy
China says it plans more fiscal stimulus while maintaining prudential monetary policy