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Special Drawing Right

Why China Has to Go Beyond the Existing Global System to Grow

Zhang Jun | Posted 06.09.2015 | World
Zhang Jun

SHANGHAI -- From China's perspective, sustained domestic economic growth seems unlikely within the existing global system -- a challenge that Japan and the other East Asian economies did not encounter during their economic rise. Indeed, the only country that has encountered it is the U.S., when it replaced the U.K. as the world's dominant economic and financial power before World War II; fortunately, that precedent is one of accommodation and a peaceful transition.

At G20, Geithner Drops Thinly Veiled Swipe At China

Reuters | Posted 05.31.2011 | Business

NANJING, China: Tightly controlled exchange rate regimes are the main flaw in the international monetary system and the solution is simple, U.S. T...