A maxim of globalization holds that all economics are global, all politics local. From the vantage point of early autumn 2006, this formula captures both the persistence of ongoing cross-Strait economic activity as well as the current stasis of political relations between Beijing and Taipei.... MORE

A maxim of globalization holds that all economics are global, all politics local. From the vantage point of early autumn 2006, this formula captures both the persistence of ongoing cross-Strait economic activity as well as the current stasis of political relations between Beijing and Taipei.... MORE

The modernization and internationalization of China’s financial system is perhaps the last and in some ways, most difficult chapter in the country’s economic transition. Partly driven by China’s WTO commitments, the speed of the financial sector reforms has accelerated in recent years. Most state banks... MORE

The modernization and internationalization of China’s financial system is perhaps the last and in some ways, most difficult chapter in the country’s economic transition. Partly driven by China’s WTO commitments, the speed of the financial sector reforms has accelerated in recent years. Most state banks... MORE

That China’s financial system—even in the midst of reform and development—has acquired significant international influence is evident. The 8.9 percent drop of the Shanghai Composite Index on February 27, compounding certain remarks on the U.S. economy by Alan Greenspan the previous night in Hong Kong,... MORE

That China’s financial system—even in the midst of reform and development—has acquired significant international influence is evident. The 8.9 percent drop of the Shanghai Composite Index on February 27, compounding certain remarks on the U.S. economy by Alan Greenspan the previous night in Hong Kong,... MORE