Scene from a restaurant district in Xi'an, Shaanxi Province, April 2018

The US Trade Deficit With China Grew In 2017 Because The US Economy Is...

Coming amidst the fastest economic growth in three years and four Fed rate hikes in 12 months, it seems clear that America’s burgeoning capital account surplus reflects the fact that international investors are looking for a piece of the action in the world’s more advanced, most dynamic mature economy.
A quiet temple scene in Xi'an, Shaanxi Province, April 2018

Fears That China Will Abandon The Dollar Are Greatly Exaggerated (As Usual)

As long as China has currency reserves, it will keep them mainly in Dollars.
A view of the city wall of Xi'an, Shaanxi Province, April 2018

Alibaba’s Failed MoneyGram Deal Shows How China’s Payment Wars Are Spilling Over Into The...

The Treasury Department is probably right to be concerned about a Chinese company buying MoneyGram and using it as a platform to enter the U.S. payments market.