China Seminar

China Seminar consists of several young scholars doing research on China's monetary policy. The bloggers include Chen Long, Lin Qiaowei, Wang Chen and Yang Le. They are all from the Shadow PBOC committee of Peking University.

My Additional Content

Is anti-corruption slowing down overall retail sales in China?

Last week I did a small research about the impact of the anti-corruption campaign on China's retail sales growth. While some analysts argue that the anti-corruption campaign by top party leaders has dragged down overall retail sales growth, my findings do not suport this argument. My...

China's rebalancing, shadow banking and RMB internationalization in INET Hong Kong

Last week, Yang Le and I were fortunate to attend the INET annual planery conference in Hong Kong as a part of the young scholar group. As it did in Berlin, INET again invited many speakers who are among the wisest minds in the world and they shared with us a lot of insights. The difference...

Is Capital Flight Taking Place in China?

From the balance of payment perspective

Despite a larger-than-expected amount of net exports this year, China’s capital accounts have printed negative numbers for several months, while in the past China always reported surpluses in both current account and capital...

How does China’s Monetary Policy Committee influence monetary policies? - A brief history (2)

In April 2003, the State Council decided to restructure the Monetary Policy Committee and the new committee was composed of 13 people: the PBC's Governor and two Deputy Governors, a Deputy Secretary-General of the State Council, a Vice Minister of the NDRC, a Vice Finance Minister, the...

What caused the fall of discounting bills in September?

Yesterday the FT Alphaville had an interesting blog post on China’s banking system. Among the major financial media it was probably the first who noticed...