REFORMING THE FINANCIAL MOLD

正AIIB seeks to contribute to the formation of a sound global finance structureThe inauguration of the AIIB on January 16marks a breakthrough for global financial governance,which has had its structure overhauled since the world's financial crisis of2008.Nonetheless,in order to improve,the     

Double-Edged Sword

<正>The EU’s quantitative easing could boost China’s exports to the eurozone,but could also put pressure on the yuan Finally the European Central Bank(ECB)decided to follow the decision of Federal Reserve(Fed)to print money massively.It is uncertain whether the eurozone can brace powerful recovery,just as the United States did after quantitative easing(QE),but far away in China,the yuan has been affected.     

Metamorphosis In Moscow

<正>Putin rallies neighbors to counter Western sanctions,but even bigger challenges remain ahead hit by both Western sanctions and a sharp drop of crude oil prices,Russia suffered a severe currency crisis at the end of2014 with the ruble being traded at 80 per$1.The Russian economy grew at just 0.6 percent in the past year,and an estimated drop of 4 to5 percent in 2015.Dragging the economy out of the doldrums is the biggest challenge facing Russian President vladimir Putin,whose high     

China-Europe Cooperation Promotes RMB Internationalization

EXPANDING bilateral trade and investments between China and Europe have increased RMB settlements in international trade and financial transactions,accelerating internationalization of the Chinese currency.European countries,with their sound financial infrastructures,complete legal systems,professional supervision,and high market efficiency,have moreover advanced development of the offshore RMB market.     

China Faces the Eurozone’s “Currency War”

SINCE mid 2014 the Eurozone has joined what is popularly known as"currency wars"–to use terminology made famous by Brazil’s former fina nce minister Guido Mantega.Between the beginning of June 2014 and the beginning of March 2015 the Euro’s exchange rate dropped by 18percent against the US dollar.The Euro therefore followed the same path of sharp devaluation earlier pioneered among major currencies by Japan’s yen–     

China,Strong Advocate of Global Economic Governance Reforms

AS globalization deepens,inter-state interconnections and interdependence draw c l o s e r t o g e t h e r.N o s i n g l e country can prosper in isolation.There is consequently global consensus on the need to enhance cooperation on global economic governance,and to deal with the problems of insufficient representation of developing countries,imbalanced governing organizations,and low efficiency.Humankind must now address the critical issues that affect everyone.They