could attract even more hot money inflows, the People's Bank of China should focus on tightly stabilizing the yuan/ dollar …China has been provoked into speeding renminbi internationalization. But despite rapid growth in offshore financial … exchange rate to encourage naturally high wage increases for balancing China's international competitiveness. …

This paper analyses the integration of China and India into the global economy. To this end, it presents estimates from … China's trade intensity is higher than fundamentals would suggest, whereas the converse is true for India. Second, Chinese …, China's exports of services tend to complement its exports of goods, while India's exports are growing only in deregulated …