South China Morning Post - China Economy

For generations, Ulanqab – a city several hundred kilometres northwest of Beijing whose Mongolian name means “red cliff pass” – was known for its windswept pastureland, where cattle grazed and potatoes thrived under long hours of sunlight. Its economy hinged on the weather, driven by the cool, strong breezes sweeping through the Yinshan mountain range. Today, giant wind turbines...

Barry Eichengreen is a leading American economist and one of the world’s foremost experts on international monetary systems. He is a professor of economics and political science at the University of California, Berkeley, where he has taught since 1987. He served as a senior policy adviser at the International Monetary Fund in 1997-98. Here, he discusses why today’s “de-dollarisa...

The People’s Bank of China (PBOC) authorising Deutsche Bank to serve as a renminbi clearing bank in Frankfurt marks a pivotal milestone in the protracted narrative of the currency’s internationalisation. It also carries profound geoeconomic implications that extend far beyond the immediate efficiencies of cross-border payments. By granting this designation to a German institutio...

A growing number of China’s top high school students are looking beyond traditional elite universities to smaller, newer, research-intensive institutions that offer curricula focused on technological innovation and its commercialisation. In Guangdong province, two-year-old Shenzhen University of Advanced Technology and one-year-old Great Bay University, in Dongguan, had minimum ...

For decades, Wall Street titans – from former Goldman Sachs chief Henry Paulson to Blackstone co-founder Stephen Schwarzman and Bridgewater founder Ray Dalio – were hailed as “old friends of China”, feted by senior officials and granted rare access to the country’s top leadership. Today, while American financiers continue to visit China and maintain commercial links, those priva...