Peter Wood

Nota: Este archivo abarca los artículos publicados por el autor desde el 1 de enero de 2008. Para fechas anteriores realice una búsqueda entrecomillando su nombre.

While much of the world sinks in a welter of public and ­private debt, and stock ­markets ­continue to ­struggle, there is one place where the money is still looking good. China's £2 trillion of foreign currency reserves – accrued through two decades of strong exports and foreign investment – is ­casting a long shadow.

While the developed world has spent, China has been saving. This mountain of capital, in the hands of the world's last major one-party state, is the result partly of the non-convertibility of the Chinese currency, the yuan, and part of the hunger of the EU and the US in the last decade for cheap goods from China.…  Seguir leyendo »