Nicholas Lardy News
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China surpassed the U.S. to become the world’s biggest trading nation last year as measured by the sum of exports and imports of goods, official figures from both countries show.
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Nicholas Lardy, a senior fellow at the Peterson Institute for International Economics, comments on China’s decision to cut benchmark interest rates for the second time in a month.
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The Beijing Star Brand Building Materials West Factory has been demolished, and in its place is a construction pit crawling with dump trucks as cranes tower above.
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Republican presidential nominee Mitt Romney has pledged to declare China a currency manipulator on his first day in office. It may not be that easy, or have the desired effect.
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Nov. 7 (Bloomberg) -- Peterson Institute for International Economics Nicholas Lardy discusses U.S. China relations after the re-election of President Obama. He speaks on Bloomberg Television's "Market Makers." (Source: Bloomberg)
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The U.S. Senate passed legislation punishing China for its undervalued currency as opposition from House Speaker John Boehner casts doubt on whether the measure will become law.
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China began installing a new economic leadership by indicating that central bank Governor Zhou Xiaochuan will step aside and Vice Premier Wang Qishan, the top finance official, will move to a new role.
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The Chinese entrepreneur and the Peruvian shopkeeper have never met. Yet Li Shiping’s dream of riches and success in China is uprooting Victor Raul Ancieta’s village 18,000 kilometers (11,000 miles) away in the Andes.
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The U.S. Senate’s vote to punish China for depressing its currency to promote cheap exports is the latest legislative ritual in which the message may be as important as the proposed sanction.
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Chinese President Hu Jintao may have succeeded in removing the yuan’s valuation from debate at this week’s Group of 20 leaders’ summit, economists and political analysts say. How much time he’s bought depends on how flexible the currency will become.
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