Victoria Ruan works at a strategic consultancy firm in Washington DC, serving clients from Fortune 200 companies to SMEs looking to expand overseas. She previously worked as a research fellow at Eurasia Group in DC, and also wrote extensively about China’s macroeconomic policy and politics at the SCMP, WSJ and Bloomberg News in Beijing. She won the William R. Clabby Award, Dow Jones’ top annual honour, on her coverage of China’s financial reform. With a master’s degree from the School of Foreign Service at Georgetown University, Ms Ruan seeks to deepen understanding between China and the West. The opinions are her own.
Member states of the US$100 billion Asian Infrastructure Investment Bank aim to put high standards of internal governance in place, ensuring the lender becomes "the best bank possible", according to France's ambassador to China.
The International Monetary Fund's finding that the yuan is no longer undervalued would appear to boost its chances of inclusion in the agency's Special Drawing Rights basket.
Shanghai's stock market staged its biggest rally in four months, thanks to the government's plan to seek private capital for projects worth 1.97 trillion yuan (HK$2.5 trillion) to help revive sluggish investment.
The mainland's investment growth slumped to its lowest in more than a decade, but hopes are rising that economic expansion has bottomed, thanks to Beijing's latest efforts to ease local governments' debt burden and pump in liquidity, analysts say.
Premier Li Keqiang has again shown impatience over bureaucratic delays, ordering officials to speed up trials on cutting tariffs for consumer products.