Impossible trinity in China -- Opening a can of worms -- Betting on the role of the state -- Incentive problem standing in the way -- Power struggle or genuine reform -- From financial repression to liberalisation -- Monetary policy reform fraught with risks -- Systemic risk (I): shadow banks...

"Until recently the world has been relying on the US dollar and the Euro to lubricate the flow of global trade and finance. A newcomer, the Renminbi (RMB) or Chinese Yuan, joined the global monetary system in 2000. The rise of the RMB is both an indicator and a result of the evolution in the...

Those who study China's domestic economics tend to focus on its businesses, industries, supply chains, and energy market disruption through anecdotal case studies, which often point to impending collapse. This hardly squares with the domit views of international relations scholarship, much of...