china rebalancing

China allowed the world to catch a breath on Friday. Chinese stocks rose 2 percent and the central bank fixed the currency a tad higher. Global stocks are more or less unchanged.

One thing leads to another.

Not because of new year’s resolutions.

Yes it was. We will remember 2015 as a historic turning point for China—and the world.

What factors are important for an economy to succeed? Interest rates? Taxes? Property rights?

China allowed the world to catch a breath on Friday. Chinese stocks rose 2 percent and the central bank fixed the currency a tad higher. Global stocks are more or less unchanged.

One thing leads to another.

Not because of new year’s resolutions.

Yes it was. We will remember 2015 as a historic turning point for China—and the world.

What factors are important for an economy to succeed? Interest rates? Taxes? Property rights?