Yin-Wong Cheung Livres

The book provides a systematic analysis of China's rapid economic growth, focusing on four key factors: exchange rate policy, savings and investment, monetary policy and capital controls, and foreign direct investment (FDI). It explores how, despite incorporating free-market principles, China maintains its identity as a socialist-market economy, highlighting the significant role of government in shaping economic development. This examination sheds light on the complexities of China's ascent as a global economic power.

This Element discusses the global role of the RMB and explores why it is under-represented in the global market despite China's economic might.