RMB is determined to be a freely usable currency and will be included in the SDR basket as a fifth currency RMBinSDRBasket
Category Archives: Macroeconomic
IMF World Economic Outlook (WEO), April 2015
Assessing China’s Corporate Sector Vulnerabilities
Growing (Un)equal: Fiscal Policy and Income Inequality in China and BRIC+
China and the Global Economy: Creating New Ingredients for Growth, by Christine Lagarde, IMF Managing Director
IMF Welcomes Beijing’s Efforts to Boost Regional Investment – NYTimes.com
山寨, shānzhài: Mountain Stronghold
Today, the word shanzhai can be used to describe anything that is underground, non-official and inexpensive with acceptable quality. Shanzaiism: a philisophical term denoting a style of innovation with a rural mind-set. Shanzhai (copycat). Shanzhai Ji: Copied Mobile Phone.