The IMF’s acceptance of the renminbi is a significant symbolic milestone for the Chinese government's attempt to broaden the currency's international role.
- Shi Han,
- Liu Junhai,
- Charles Huang
Shi Han is no longer with the Carnegie Endowment.
Shi Han was a nonresident scholar at the Carnegie–Tsinghua Center for Global Policy concentrating on international business issues. His economic research addressed challenges arising from interactions between American and Chinese businesses and the competition and cooperation between state and non-state economic entities.
He oversaw the Global Business and Economics program at the Carnegie–Tsinghua Center and is the managing partner of ChinaLine, LLC, a Chicago-based management consulting firm that specializes in cross-border alliances and acquisitions. He has advised leading multinational corporations such as Bausch & Lomb, Eastman Kodak, Illinois Tool Works, and Spectrum Brands in the areas of supply chain development and strategic acquisition in China. He has been instrumental in setting up groundbreaking business structures and supplier relationships that generated cost savings in the millions of dollars.
He was formerly a research fellow at Harvard University’s John F. Kennedy School of Government and an economics lecturer at Peking University. He co-authored and co-edited three books on the strategic behavior of economic actors in incomplete markets, institutional transitioning from central planning to a free market, and the introduction of national accounts statistics in China. Some of his research works were funded by the Ford Foundation, the U.S. Department of Education, and the Foundation for Transcultural Studies of Japan.
The IMF’s acceptance of the renminbi is a significant symbolic milestone for the Chinese government's attempt to broaden the currency's international role.
Chinese state-owned enterprises distort traditional price mechanisms to maximize profits, a practice that hinders economic efficiency and inflates GDP figures.
Several Carnegie experts from different offices discuss the significance of Putin’s address to the future of Russia and its role in the international community.
China’s economy is starting to offer consumers greater access to credit instead of the established practice of forcing them to pay for goods in advance.
Rapid expansion of Chinese companies into international markets raises questions about the long-term effects of Chinese investment on domestic industries in Europe and the United States.
Manufacturing costs in China have dropped sharply in recent months. Instead of just trying to undercut other suppliers on price, Chinese manufacturers ought to invest the surplus in building more meaningful relationships with their Western customers and creating value that can only come from such ties.
Corrupt buyers and sellers in China have popularized the practice of haggling prices up rather than down. These shady transactions move the economy in the wrong direction and need to be uprooted.
China should embrace globalization and its own domestic market to become a truly global manufacturing power-house.
China holds a critical role in overcoming the major global issues of 2013, ranging from climate change to nuclear security to the global economy.