Commentary
Donald Trump’s election complicates Beijing’s already fraught policy agenda. Even before Trump secured the White House for the second time, the People’s Bank of China (PBOC) was in a policy bind.
Thinking About China
Opinion
China’s Central Bank Is in a Terrible Bind
The decline in the yuan’s value has severely undermined Xi Jinping’s ambition to elevate the currency’s global status.
The headquarters of the People's Bank of China, the country's central bank, in Beijing on Dec. 13, 2021. Andrea Verdelli/Bloomberg via Getty Images
Milton Ezrati
Author
Milton Ezrati is a contributing editor at The National Interest, an affiliate of the Center for the Study of Human Capital at the University at Buffalo (SUNY), and chief economist for Vested, a New York-based communications firm. Before joining Vested, he served as chief market strategist and economist for Lord, Abbett & Co. He also writes frequently for City Journal and blogs regularly for Forbes. His latest book is "Thirty Tomorrows: The Next Three Decades of Globalization, Demographics, and How We Will Live."
