It is not all that long ago that the big credit crunch banks were being lambasted in some quarters for their plans to invest heavily in Chinese banks, and that at least one pundit was predicting “The Coming Collapse of China”. How things change! Now it is the titans of Wall Street and the City [...]

The People’s Bank of China released the following statement on Saturday morning in response to the passage of the U.S. financial rescue package. China’s financial markets opened lower Monday after being closed last week for a national holiday.
The Chinese government has been closely following the development and consequences of the U.S. financial crisis. Recently, the [...]

The infamous trade surplus is falling, but rather than being driven by structural changes in trade, it is sky-high commodities prices that are having an impact, as AFP reports:

“Soaring imports caused China’s trade surplus to shrink nearly 10 percent as rising global commodity prices stoked inflation in the domestic economy, official figures showed Wednesday.
China’s trade [...]

The economic slowdown in the U.S. is extending to the country’s southern border.

Family Remittances to Mexico. Blue line is seasonally adjusted number. Source: Bank of Mexico

The Bank of Mexico reduced its forecast for economic growth due in part to a bleaker employment picture both at home and in the U.S.
Family remittances to Mexico in the [...]

Private sector jobs unexpectedly rose by 9,000 in the U.S. in July, according to the ADP national employment report.
The report, released Wednesday by payroll giant Automatic Data Processing and consultancy Macroeconomic Advisers, was better than the expected decline of 65,000 seen in a Dow Jones Newswires survey. June’s report was revised to a decline of [...]

Can companies actually grow stronger during a recession? What can they do to capitalize on the problems that their rivals encounter during tough economic times? Suppose you have a sturdy balance sheet, low debt, and plentiful amounts of cash. How can you employ these strengths to take on rivals who have been weakened considerably?
I’m reminded [...]

As the British nineteenth century commentator John Ruskin astutely observed: “Great nations write their autobiographies in three manuscripts: the book of their deeds, the book of their words and the book of their art.” China has a long and proud history and a rich culture. In deeds, today’s Chinese businesspeople and government officials can do [...]