Introduction
Over the last several decades, governments have collectively pledged to slow global warming. But despite intensified diplomacy, the world is already facing the consequences of climate…
Introduction
Throughout its decades of independence, Myanmar has struggled with military rule, civil war, poor governance, and widespread poverty. A military coup in February 2021 dashed hopes for…
During the 2020 presidential campaign, Joe Biden promised that his administration would make a “historic effort” to reduce long-running racial inequities in health. Tobacco use—the leading cause of p…
Rush Doshi is senior fellow for China and Indo-Pacific studies and director of the initiative on China strategy at the Council on Foreign Relations (CFR). His expertise includes China’s foreign polic…
John Kerry discusses his work as U.S. special presidential envoy for climate, the challenges the United States faces, and the Biden administration’s priorities as it continues to address climate chan…
Virtual Event
with John F. Kerry and Michael Froman March 1, 2024
For the past fifteen or more years, if not longer, the flow of foreign exchange in and out of China has never quite seemed to balance. Either the yuan was a one way bet up, and the PBOC had to buy fo…
No sign of pressure on China's exchange rate regime in the June intervention proxies. Overall intervention in the second quarter is back at pre-August 2015 levels.
In a recent speech at Bloomberg’s headquarters in New York, People’s Bank of China Deputy Governor Yi Gang reassured his audience on the level of non-performing loans (NPLs) in the Chinese banking se…
Martin Wolf’s important column does a wonderful job of illustrating the basic risk China poses to the world: at some point China’s savers could lose confidence in China’s increasingly wild financial …
It should go almost without saying that China’s ability to maintain its current exchange rate regime matters.
The yuan has been more less stable against the CFETS basket since last July. If the cu…
The pace of decline in China’s foreign reserves matters.
Not because China is about to run out.
But rather because China will at some point decide that it doesn’t want to continue to prioritize…
I want to step back a bit from the rather extraordinary moves in the offshore yuan market over the past few days. It seems quite clear that China’s authorities felt the need to signal that the yuan i…
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