CHINA, WORLD NEED NEW ECONOMIC MODEL
Andrew Sheng
The China Post, May 11, 2010
Readers would have noticed that I hardly write about the Chinese economy, concentrating on the global economy. This is because there are many who understand the Chinese economy more, whereas my comparative advantage has been in the international economy. But the rise of China to an important economy is that no Chinese policy can be discussed without reference to international implications and vice versa.
Now that there are further signs of improvement in the global economy, the current hot debate has been on two issues: the Greek crisis and the Chinese RMB. I see the Greek issue as one of the contradictions of European integration, where the Chinese RMB is a flashpoint of cross-Pacific balance. Both deserve evaluation on a more objective plane from a longer and wider perspective.
Andrew Sheng
The China Post, May 11, 2010
Readers would have noticed that I hardly write about the Chinese economy, concentrating on the global economy. This is because there are many who understand the Chinese economy more, whereas my comparative advantage has been in the international economy. But the rise of China to an important economy is that no Chinese policy can be discussed without reference to international implications and vice versa.
Now that there are further signs of improvement in the global economy, the current hot debate has been on two issues: the Greek crisis and the Chinese RMB. I see the Greek issue as one of the contradictions of European integration, where the Chinese RMB is a flashpoint of cross-Pacific balance. Both deserve evaluation on a more objective plane from a longer and wider perspective.
(...) [artículo aquí]
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