In Vol. 18, No. 1 (2019), CRC associates update what has happened since the publication five years ago of the China Currents special edition examining policy trends under the new Chairmanship of Xi Jinping post 18th Party Congress. (https://www.chinacenter.net/category/china_currents/13-2/).
The Center's annual meeting was hosted by Agnes Scott College on September 14, 2019. After the business meeting Dr. Andy Wedeman led a discussion on the current state of U.S.-China relations.
Dr. Deborah Davis is the China Research Center’s 2018 annual lecturer. Dr. Davis is Professor Emerita of Sociology at Yale University and a Distinguished Visiting Professor at Fudan University in Shanghai as well as on the faculty at the Schwarzman…
Dr. Penelope Prime, Director of the China Research Center, interviewed Dr. Lei Fang on October 18, 2016, about intellectual property right (IPR) protection in China, and the new trend of Chinese companies investing in intellectual property (IP) and technologies in…
Penelope B. Prime, Georgia State University Chinese goods seem to be everywhere these days. Consider this: At the Olympics in Rio this summer, Chinese companies supplied the mascot dolls, much of the sports equipment, the security surveillance system and the…
Center Director, Penelope Prime, talked with former CNN correspondent, Mike Chinoy, via Skype on April 15, 2016, about his recent project on the process of understanding China through the media. This interview has been edited for length and clarity. PP:…
Chinese Companies Invest in the U.S.: Cross-Cultural Challenges from a Tax Consulting Perspective Center Director, Penelope Prime, spoke with Mitchell Kopelman, Tax Practice Group Director, and Wendy Lu, Tax Senior Manager, at Habif, Arogeti & Wynne, LLP in Atlanta, Georgia,…
The new documentary film “The Land of Many Palaces” examines planned urbanization in China from the vantage point of Ordos in Inner Mongolia. Ordos is a vast, newly built city populated by people who have moved by the thousands from surrounding farms. China…
Reforming the Financial Industry The Eighteenth Party Congress’ Third Plenary Session’s Decision of November 2013 lists a new round of financial reforms aimed at introducing more market forces into the economic system. Two of the most important facets of this…
China’s Currency Reforms from a Banker’s Perspective: A Conversation with Henry Yu, Managing Director of Fifth Third Bank, Atlanta, Georgia.
Introduction
As China’s economy moves ever closer to surpassing the U.S. in terms of purchasing power GDP, China’s currency system seems incompatible with its global economic status. China’s new leadership led by President Xi Jinping is pushing to modernize and marketize the currency system along with necessary concurrent reforms. The 2008 financial crisis was a wake-up call for many countries, demonstrating the heavy dependence of the global economy on the U.S. dollar. The vulnerability of the U.S. economy became everyone’s challenge. Reform of the Renminbi (RMB) became a priority in order to establish the Chinese currency as a global player and lessen China’s reliance on the U.S. dollar. Aside from the fallout from the financial crisis, the sheer size of China’s cross-border trade is creating demand for far more depth and flexibility in the currency markets.