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European Voices on China
MERICS China Blog

The yuan: China’s problem, the world’s concern?

09 February 2016

By Rolf J. Langhammer

China’s leaders want to establish the yuan as a global asset and transaction currency. But this won’t work as long as exchange rates are driven by conflicting domestic policy targets rather than by global markets.


China needs to do more to shore up a fraying international order. Beijing is thinking about it.

09 February 2016

By Hanns W. Maull

The old world order – the Pax Americana - is falling apart. What does China think about all of this? Beijing realises that it needs to do more to maintain a reasonable minimum of international order – and that it needs to work with the United States towards that purpose.


2016 for China’s economy could look like 1991 in Japan, but with far worse consequences

09 February 2016

By Sebastian Heilmann

China’s overdue structural reforms, rapidly increasing debt, growing industrial overcapacities combine to produce declining growth in spite of monetary and fiscal stimulus efforts. This current situation displays many analogies with Japan’s economic turbulence in the early 1990s, but carries a much graver risk of social and political destabilisation.



The MERICS blog offers commentary and analysis on China’s political, economic and social development as well as its role in global affairs (and its relations with Europe).


  • Stiftung Mercator