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Chinese Central Government

China's Sudden Currency Depreciation: High Anxiety and Lost Face

Tom Doctoroff | Posted 08.13.2015 | Business
Tom Doctoroff

I'm no currency expert. But coming on the heels of a ham-handed intervention in the stock market, the abruptness of the depreciation seems to be an obvious short-term move to increase export competitiveness. More worryingly, it is also a tacit admission that China's leaders are very nervous.

China's Worldview Imperative: Don't Rock Our Boat

Tom Doctoroff | Posted 07.31.2011 | World
Tom Doctoroff

Everything that registers on China's international -- and, for that matter, domestic -- radar does so because it, directly or indirectly, impacts stability.