COFER data through December 2023:
Category Archives: China
PLAN Exercises around Taiwan
From NYT:
CNY Overtakes CAD in FX Trading, CB Reserve Holdings in 2022
Talking about the dollar as an reserve currency next week [2], and noticed these interesting trends.
Hi Ho, Hi Ho, It’s Off to FX War We Go!
I’ve only now gotten around to writing about this Trump policy proposal: “Trump trade advisers plot dollar devaluation” . I was befuddled by how they Trump brain trust was going to effectively force the weakening of the dollar: sterilized intervention, dropping interest rates in the US, or forcing foreign countries to re-peg their currencies at stronger values. They all seem to be problematic.
Brad Setser: “Power and Financial Interdependence”
Chinese GDP in Q1
Official is 5.3% y/y (consensus 4.8%), vs BOFIT 4.3%.
The Value of the Chinese Yuan: Down 15% since 2022M03
There’s been a lot of discussion of overcapacity in Chinese production, and the resulting pressures in US and other markets. Here’s a picture of the Chinese real exchange rates.
US-China Nominal GDP, Per capita GDP in PPP Terms
From IMF WEO:
US-China GDP Growth since 1981
Reader Bruce Hall observes:
China’s growth rate is projected to be about twice that of the US.
Yao Yang at UW Madison: China’s Slowdown – Structural or Cyclical
Presentation at UW Madison (sponsored by CEAS), on Friday, April 12th.