Exposed to market forces, China's currency may not follow the U.S. Treasury's designs. 'Currency manipulation" is a charge repeatedly leveled against China in recent years. Prior to 2014, U.S. pundits and lawmakers denounced interventions by its central bank, the People's Bank of China, that prevented the yuan's rise from about 16 cents (6.25 ...

Between 2001 and 2011, China's pledged foreign aid was $671 billion. In 2001, China spent roughly $1.7 billion on foreign aid. By 2011, the annual foreign-aid figure had risen to $189.3 billion. Part of the increase reflects the growth in China's economy. But this is an increase with a purpose, and China's foreign-aid programs are as ...

The U.S. and EU made opposing choices. Both failed because the private economy wasn't taken into account. Why is it that in the United States the "stimulus" solution to the economy's ills has performed badly while in Europe the opposite approach, "austerity," has performed ...