Paul Krugman (link) and Greg Mankiw (link) analyze the costs and benefits of China’s exchange rate policy.

There are two paths to nice cities: to take a messy old city and fix it, or to start from scratch.
The process of solving the problems of an old city is hard. Some cities started over owing to the destruction caused by war, an earthquake, or a great fire. We wouldn’t wish that [...]

Watching, monitoring, and analysing the economy and her markets is as much about tracking discourses (and how they change) as it is about perusing data material on various leading and lagging indicators. And thus, as I am still knee deep into putting the last touch on my thesis [1] I thought that I might as [...]

You may remember us pointing to China’s rebounding manufacturing sector last quarter. Well, the country’s overall economic growth continues to accelerate and drive a global economic rebound.
On Thursday China announced that its gross domestic product in the fourth quarter 2009 grew by 10.7% year-over-year — thats up from a revised growth rate of 9.1% [...]

China’s manufacturing sector has likely grown to the fastest pace in more than five years, a December survey of purchasing managers reported early Monday.
The HSBC Holdings Plc and Markit Economics purchase manager’s index rose to a seasonally adjusted 56.1 from 55.7 in November. It was the highest reading for the index since April 2004.
The report [...]

Dani Rodrik wrote a nice article on the future prospects of China’s currency and its industrial policy (link).
Join the forum discussion on this post – (1) Posts

Via the terrific Girl on the Right Blog, these helpful suggestion from A. Nonymous:
Most of us are not doing God’s work trading credit derivatives at Goldman Sachs. You may be stunned when I tell you this, because I sure as heck was when I found out: the TARP program covers none of our credit card [...]

The Economist published a thorough discussion (link) of China’s currency policy and reasons why yuan is unlikely to re-valuate any soon.

Update: Mr. Singh posts the third and, as far as I know, last installment in the series on Asia’s outlook written on the basis of the Regional Economic Outlook for the Asian and Pacific Region. The topic is perhaps the most interesting of all aspects of Asia’s aggregate economy, the high prevalence of savings and [...]

On October 1, the People’s Republic of China marked its 60th anniversary with an impressive military parade, musical performances and portraits of Sun Yat-sen, Deng Xaiping, and Mao Zedong.
It’s the occasion for a boomlet for Mao nostalgia in China. This, one can kind of understand. He was the founder of the PRC. [...]