Taiwan is between a rock and a hard place. It needs China for economic reasons, but continues to be apprehensive about Beijing’s “assertive policy”. The future path of Taiwan’s independence-leaning president-elect Tsai Ing-wen is fraught with economic challenges as the island’s economy has been contracting year-on-year for three straight quarters. Beijing’s fears that Tsai may not sustain the ‘one …

  Narayana Kocherlakota The U.S. government seems concerned about what will happen if other big nations push down the value of their currencies against the dollar. Actually, it could be good for the global economy. Ahead of this week’s meeting of finance ministers from the Group of Seven developed nations, Treasury Secretary Jacob Lew has warned that the U.S.’s counterparts …

On Monday, China heavily criticized the European Parliament for a resolution passed last week that squarely took aim at Beijing’s bid for market economy status at the World Trade Organization (WTO). In the non-binding resolution last Thursday, EU legislators declared that China still fails to meet the criteria for a market economy as defined by EU law and that there …