Native Speaker, Chang-rae Lees first novel, received a great deal of attention upon publication.
Chang-rae Lee, Native Speaker.New York: Riverhead Books,1995. as the treasury function was obliged to shift to a remote working environment. The covid-19 pandemic had a huge impact on trade flows in 2020, with goods trade contracting by about 5 and services trade shrinking by about 20 (owing mainly to a drop in global tourist flows). Tim Engles (As published in MELUS: Multiethnic Literatures of the United States, v22n2, Summer 1997: 140-142).
Such fears are anyway ill-founded, given that the two countries are bound together by a mutual interdependence and that China's exchange-rate policy implies the accumulation of US assets. As the EIU report notes, treasurers had only just started to implement. But the move to a more flexible regime-similar to the one prevailing from mid-2005 until the onset of the global financial crisis-is a step in the right direction that will help to boost domestic consumption and to balance the global economy.įears that China could cause a collapse of the greenback by shifting large parts of its reserves out of the US currency have been calmed by assertions by Chinese poliymakers that they continue to see US Treasuries as a vital component of their reserves. This may not be enough to mollify China's critics, notably some members of the US Congress, particularly if US job creation remains subdued. We forecast that the renminbi will strengthen only gradually. Digimentality 2021Digital currency from fear to inflection is a report from The Economist Intelligence Unit, commissioned by, exploring the extent to which digital payments are trusted by consumers and what barriers may exist to basic monetary functions becoming predominantly electronic or digital. Since the renminbi was depegged, its appreciation against the US dollar has been modest although it has accelerated since the start of September. The move is intended to deflect foreign criticism of China's exchange-rate policy, but its broader economic impact will depend on the pace of appreciation. On June 19th China announced that the renminbi's fixed peg to the US dollar-in place since mid-2008-would be replaced by a more flexible currency regime.
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