MARKET WATCH

正OPINION Sustained Yuan Appreciation Unlikely Recently,the continued depreciation of the yuan has aroused extensive attention.Some think it was the result of intervention by the People’s Bank of China,the country’s central bank,to pour cold water on expectations of renminbi appreciation.If it’s true,the central bank has set out to make preparations for prospective exchange rate reform.According to the report on the implementation of monetary policies in the fourth     

MARKET WATCH

正OPINION Worries of the Trade Champion The General Administration of Customs recently announced that China outstripped the United States in international cargo trade last year.For some,this implies that China has risen to become the largest trading country on the globe.It is arguable that China’s great performance in trade comes at the expense of economic     

MARKET WATCH

正OPINION The Role of Risk China should keep an eye on debt risks.In an increasingly volatile financial market,risks may have positive effects,as market participants can better weigh risks and returns,and respond to changes in a more accurate way.Recent financial reforms,such as the central bank’s policy on deposit certificates in the interbank market and the initial public     

MARKET WATCH

正OPINION How to Tackle Local Government Debt? Fundamentally,debt is an overdraft of credit,and almost all countries are confronted with some form of debt risks.Currently,China tries to curb the rising debt risks through deleverage,which has gone on to cause the additional problems of a surge in financing costs and a structural squeeze in social liquidity.A solution should be found to treat both symptoms and their root causes.     

MARKET WATCH

正OPINION devaluation Is Temporary The exchange rate of the yuan against the U.S.dollar has been depreciating since January.This is the biggest depreciation since China’s exchange rate reform in 2005.What are the reasons for this round of yuan devaluation?How long can it continue?And how will the yuan exchange rate fluctuate in the future?To answer these questions,one must conduct a comprehensive analysis on the     

MARKET WATCH

正OPINION Stock Market:Waiting for a RallyThe initiation of deepening reforms following the Third Plenary Session of the 18th Central Committee of the Communist Party of China in November 2013 and the U.S.Federal Reserve’s(Fed)exit from quantitative easing(QE)are almost certain to exert a significant influence on China’s stock market in 2014.