Zhang Monan

The real interest rate risk

Since 2007, the financial crisis has pushed the world into an era of low, if not near-zero, interest rates and quantitative easing, as most developed countries seek to reduce...

The new shape of China’s economy

China’s leadership transition attracted global attention this year, and deservedly so, given the country’s global significance. But, more important, strategic transformations...

Redback rising

Redback rising

On Oct 26, the yuan’s spot exchange rate against the United States dollar reached the upper limit of its floating range for the second consecutive trading day.