China's new currency rules: aim is to relieve upward pressure on Yuan

Article Abstract:

The Chinese central bank has introuced rules allowing exporters to keep their foreign-currency earnings in their own accounts so that the revaluation pressure on the Yuan is relieved somewhat. The bank maintains that the monetary policy is aimed at keeping the Yuan from increasing significantly in value against other currencies by maintaining the level of foreign reserves. A revalued Yuan could result in increased exchange rate volatility and this is what the Chinese government is trying to avoid.

Currency Stabilization Programs, Management, Interpretation and construction, Monetary policy, Currency devaluation, Devaluation (Currency), Currency stabilization, Yuan (China)

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China's high-tech future is in jeopardy

Article Abstract:

China's protectionist policies for its telecommunication and information technology industries could ultimately damage its own economy. The country is allegedly considering opening these two industries to foreign investors to gain entry into the World Trade Organization. However, the country continues to impose restrictions that diminish investors' profit potentials. Some foreign companies are planning to withdraw altogether from the market.

China, Government regulation, Communications, Broadcasting and Telecommunications, Foreign Investment Regulations, Foreign investments, Economic aspects, Laws, regulations and rules, Telecommunications industry, Telecommunications equipment industry, Information technology, Foreign investment laws, Protectionism

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Scrapping special economic zones is good for China

Article Abstract:

The Chinese government's plan to eliminate the country's special economic zones (SEZ) is a welcome move. SEZs and other incentives for attracting foreign investment have been instrumental in starting the phenomenal growth of the Chinese economy. However, these SEZs and incentives have outlived their use since the Chinese economy is sufficiently market-based and is no longer in need of such props.

Foreign Trade Zones, Evaluation

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