Short-term risks have not dimmed the country’s economic prospects. That may explain why FDI from Asia and Gulf nations is surging.
Global Finance’s annual evaluation of the work of the world’s central bankers found some stellar performances, and some dismal ones. The toughest challenge for many: propping up falling prices.
Mergers & Acquisitions | Slowing growth and severe stock market falls have raised fears that China is nearing some sort of crossroads. Some economists believe that, owing to tight central controls, Chinese corporations won’t hit their expected growth targets.
FX Reserves | China’s foreign exchange reserves plunged by nearly $94 billion in August, the most ever in a single month, as the People’s Bank of China (PBoC) struggled to support the renminbi after devaluing the currency by 1.9%.