China´s Yuan has been falling sharply against the US Dollar in the past week, and much debate emerged on what might be the politics behind this. It only means China´s central bank PBOC is doing its job as a circuit breaker by letter hot money out of the economy, writes financial analyst Michael Justin Lee in the ChinaUSFocus.
Tag Archives: Michael Justin Lee
At the recent World Economic Forum in Davos, Switzerland, shadow banking loomed as a threat over China´s economic future. Financial analyst Michael Justin Lee does not agree, he writes in the ChinaUSFocus. Yes, the country has growing pains, but is not on the way to collapse.
Most Western media did not pay attention when China´s central bank entered the interbank market at the last week of 2013. Wrong, says financial analyst Michael Justin Lee in ChinaUSFocus. ” It means China continues to ease on down the road to capitalism. It’s a rocky road but the only road we’d want China to be on”.
North-Korea is raising its stakes at the Korean peninsula, putting pressure on its supposed ally China. But China’s dilemma in dealing with its unruly neighbor might offer also opportunities, writes China expert Michael Lee Justin in ChinaUSFocus. It might be a unique chance for China and the US do draw closer.
The recent gift of China’s richest man Li Ka-shing to Israel’s leading engineering university, the Technion, is not really coming as a surprise, argues Michael Justin Lee in the Washington Times. “To say that China respects Israel would be a tremendous understatement.”
Media have been pushing the idea the China’s president Xi Jinping filled the vacuum US president Barack Obama left by not attending the 2013 APEC Summit. Lecturer Michael Justin Lee is not convinced the summit adds that much value. He offers to draft a statement for the summit in the Washington Times.
Can Detroit learn from the way China pulled its economy out of misery, wonders lecturer Michael Justin Lee in ChinaUSFocus. “There actually was no great secret to the success of China’s SEZs. The government butts out to incent private capital in. That’s pretty much it.”
China’s position towards Syria in the UN security council is not very clear. Michael Justin Lee looks in The Jerusalem Post into the underlying relationship with Israel, and its long-standing relationship with the jews.
Export has for long been the driving force behind China’s GDP growth, but has it also contributed to a higher standard of living. Financial expert Michael Justin Lee challenges one of the common misunderstandings in China’s economic development, written for China Focus.
Very few contract steps have emerged from the Barack Obama-Xi Jinping meeting in California, but the economy was very absent from their empty agenda, notes finance lecturer Michael Justin Lee in the ChinaUSFocus. He hoped Xi would have used the opportunity to discuss his “Chinese dream”, and pleads for more income disparity.