CHINA

Data shows that our global financial system is plagued with serious but often ignored imbalances

Solid fundamentals, pragmatic policies and strong coordination can preserve financial stability, but we must not be complacent

The proposal by US regulators to loosen banks’ equity requirements has ‘financial crisis risk’ written all over it

Parallel financial systems could force either breakdown or reluctant reintegration 

Liberal democracies must confront the challenges posed to the traditional financial system

Investors and businessmen should remain vigilant but confident in the currency’s enduring role as the cornerstone of the global economy

The difficulty is that, however unsatisfactory the hegemon might be, the alternatives look worse

The Kazan summit’s communique calls for greater use of Brics members’ currencies in trade among themselves, but the writer sees no progress on the part of the group to challenge America

It also urged careful management of interest rate risks