The arc of ascent of China’s financial system
Amid developing tensions, the International Monetary Fund’s 2025 Financial Sector Stability Assessment for China arrives at a pivotal juncture. More than a domestic stocktake, it reflects the structural transformation of…
“Shadow Reserves”: China’s Key to Parry U.S. Financial Sanctions
In the ongoing U.S.-Chinese financial war, Beijing has focused on insulating China’s strategic trade from dollar-based financial sanctions. This objective has animated the growing push for China-Saudi renminbi settlement. It…