Yuan internationalization drive hits a local speed bump
As Chinese leader Xi Jinping works to increase the yuan’s role in global trade and finance, he’s encountering an unexpected speed bump: mainland companies.
William Pesek in asian news
Trump plan to devalue dollar a gift to China
TOKYO — Donald Trump would make currency devaluation great again in a second term.
As yen sinks, Japan must avoid goading China into a currency war
And President Xi Jinping might conclude that the yen’s drop affords China the geopolitical cover to engineer a weaker yuan.
Iran-Israel explosion blows Asia’s Fed hopes asunder
Anyone laughing at Lawrence Summers for predicting that the US Federal Reserve’s next move may be a tightening, rather than loosening, is rather quiet now.
U.S. rate cut doubts are a headache for Asian central banks
William Pesek is an award-winning Tokyo-based journalist and author of "Japanization: What the World Can Learn from Japan's Lost Decades."
Why Yellen’s reflation pleas fall flat in Beijing
The People’s Bank of China is giving a whole new meaning to “monetary science.” Asia’s biggest economy’s central bank is devising a program to provide as much as 500 billion yuan (US$69 billion) to support innovation in science and technology.
China’s big bet on ‘new quality productive forces’
Don’t tell Donald Trump, but his pledge to impose 60% tariffs on Chinese goods may help accelerate Xi Jinping’s efforts to move Asia’s biggest economy upmarket in ways Washington never saw coming.
Signs of light at end of China’s economic tunnel?
The revival of Chinese manufacturing activity in March could signal light at the end of the economic tunnel for the globe’s biggest trading nation – and not a millisecond too soon for an Asia region desperate for growth engines.