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Yu Yongding
By Yu Yongding - Sep 15,2022
BEIJING — On July 2, 1997, the Thai baht collapsed. After waves of speculative attacks, the government had run out of foreign currency and become unable to support its exchange-rate peg to the US dollar. So, it floated the baht, which went into freefall.
By Yu Yongding - Jul 27,2022
BEIJING  —  In 2004, everyone started talking about global imbalances.
By Yu Yongding - Apr 28,2022
BEIJING — In The Economic Weapon: The Rise of Sanctions as a Tool of Modern War, historian Nicholas Mulder reminds us that even when Britain and Russia were savagely battling each other during the 1853-56 Crimean War, they continued to service their debts to each other.
By Yu Yongding - Feb 22,2022
BEIJING  —  Despite strong global economic headwinds, not least from the COVID-19 pandemic, China managed to achieve 8.1 per cent GDP growth last year, its highest rate in a decade.
By Yu Yongding - Jan 17,2022
BEIJING  —  In 2018, Steve Bannon, then-US president Donald Trump’s chief strategist, argued that the United States needed to “decouple” from China.
By Yu Yongding - Oct 24,2021
BEIJING — China is having an eventful month, marked by proliferating power-supply disruptions and the debt crisis of the country’s second-largest property developer, Evergrande.
By Yu Yongding - Aug 31,2021
BEIJING — In the second quarter of 2021, China’s GDP grew by 7.9 per cent year on year. That was a relatively strong performance, especially given the enduring effects of the COVID-19 pandemic on the global economy.
By Yu Yongding - Mar 09,2021
BEIJING  —  On September 25, 2015, the world’s heads of state and government unanimously adopted the 2030 Agenda for Sustainable Development, a sweeping global blueprint for building a more equitable and sustainable world.
By Yu Yongding - Dec 13,2020
BEIJING — China’s economy seems largely to have bounced back from the COVID-19 shock. It registered 4.9 per cent annual growth in the third quarter of 2020, and the rate may well exceed 5 per cent growth in the fourth quarter.
By Yu Yongding - Sep 04,2019
BEIJING — In early August, the renminbi’s exchange rate broke through the psychological threshold of CN¥7 per US dollar.



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