I think a big move is very unlikely because the regime is very concerned about maintaining economic growth. I think short term the president and (U.S. Treasury Secretary John) Snow are not going to get what they want. Longer term, it could be a different story. Nicholas Lardy More Nicholas Lardy Quotes 0
It would be hard to overestimate this as a first step for China. If China can transform its big banks, this will have enormous implications for China's long-term economic growth. Nicholas Lardy More Nicholas Lardy Quotes 0
There are many unanswered questions surrounding this case. China certainly hasn't helped the situation by giving so little information about what happened and denying he's a state employee. Nicholas Lardy More Nicholas Lardy Quotes 0
The world oil market is very competitive and it is not clear what advantages cooperation could bring, particularly to the Chinese side since they are a much larger participant in the market. Nicholas Lardy More Nicholas Lardy Quotes 0
The sad fact is we don't necessarily have much leverage to get China to change their exchange rate or their trade policies. Nicholas Lardy More Nicholas Lardy Quotes 0