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Author Archives: Charles Riley
  • Japan Inc. thinks BoJ will fall short of 2% inflation goal

    Japanese companies think the country will fall short of its 2% inflation goal, despite a flood of stimulus from the Bank of Japan.

    The firms believe inflation will be 1.5% a year from now, before climbing to 1.7% in 2017 and 2019, according to a survey of more than 10,000 companies released Wednesday by the central bank.

    The inflation survey is the first of its kind, which makes it difficult to draw any conclusions about the MORE

    - Apr 2, 2014 5:22 AM ET
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  • Inside China's $2.2 trillion budget

    How is China's government spending taxpayer money?

    This is not an easy question to answer. The most populous country in the world ranks among the worst in matters of government transparency.

    The Chinese government budget, presented to the public each March as a fait accompli, contains only scattered information about spending priorities and no details about specific programs. It is notoriously difficult to find specific budget information for individual government MORE

    - Jan 15, 2014 4:05 AM ET
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  • Asia stumble a major risk for global economy

    Here's a scary thought: What if the economies of China and India -- the world's two major growth engines -- slowed suddenly and dramatically?

    Is the world prepared for such an event? How far would the collateral damage extend? Perhaps most importantly, what are the chances of a crash in Asia?

    According to Larry Summers and Lant Pritchett, these are questions that policymakers should be thinking about -- and the all-star economists MORE

    - Nov 19, 2013 4:29 AM ET
  • 3 mysteries looming over China's economy

    It now seems very likely that China's economy will meet or exceed Beijing's 7.5% growth target for 2013. For President Xi Jinping, still in his first year of office, this is very good news.

    At the same time, heading into a pivotal meeting of the Communist Party, the country's policy landscape is unusually unsettled. Clarity on three key items -- local debt, economic reform plans and the Shanghai Free Trade Zone -- would MORE

    - Oct 29, 2013 10:48 PM ET
  • Fitch warns again on China debt

    When the current crop of Chinese leaders assumed power, they wasted no time in ordering an extensive audit of local government debt.

    Presumably the new team, led by President Xi Jinping, wanted to know what everyone else wants to know: How has China's massive expansion of credit since 2008 affected state finances?

    The uncomfortable truth is that nobody has a great handle on exactly how much local governments have spent.

    The bean counters MORE

    - Sep 18, 2013 5:32 AM ET
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  • The economics of China's one-child policy

    Rumblings in China's state media suggest that Beijing is considering a move to relax its deeply unpopular one-child policy, a change that could significantly alter demographic trends in the world's second largest economy.

    Since its introduction in the late 1970s to control China's rapid population growth, policymakers have carved out some exceptions to the rule, including a provision that allows rural residents to have a second child if the first was a girl.

    But for MORE

    - Aug 14, 2013 5:55 AM ET
  • Pin the tail on China's growth target

    Most readers are probably familiar with a game called "pin the tail on the donkey" -- a staple of birthday parties for children under the age of 10.

    For the uninitiated, the game involves a blindfold, a disorienting series of spins and an attempt to pin "the tail" on a paper "donkey." Nobody ever seems to get the pin in quite the right spot. But it can be quite entertaining to see the MORE

    - Jul 12, 2013 5:04 AM ET
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  • What's worrying the Bank of Japan?

    Some members of the Bank of Japan have expressed concerns over the central bank's ambitious new monetary policies, warning that overly aggressive action could discourage lending, or produce otherwise unwanted side effects.

    The concerns were disclosed in the minutes of the central bank's early April meeting, an event that ultimately produced a pledge to rapidly expand the bank's balance sheet through the purchase of  longer-term debt and securities, such as exchange traded MORE

    - May 2, 2013 7:18 AM ET
  • Is China cooking its books?

    Are China's economic statistics accurate?

    Pose this question to a group a China watchers and you're likely to receive a variety of responses. Some observers are convinced that China is cooking its books. Others believe state statistics are largely reliable and useful for drawing conclusions about the world's second largest economy. Still others will debate the accuracy of certain data classes, pointing to more meaningful alternatives.

    Now we have an opinion from researchers MORE

    - Mar 26, 2013 6:57 AM ET
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  • China sets economic goals for 2013

    Premier Wen Jiabao opened China's annual parliamentary meetings Tuesday by issuing a new set of targets for the world's second largest economy.

    The target for gross domestic product growth will remain 7.5%, but the government said it will carry a larger deficit in 2013 to help finance spending plans.

    China recorded its weakest growth in 13 years in 2012, but a rebound in the fourth quarter removed any lingering concern that its MORE

    - Mar 4, 2013 11:01 PM ET
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  • Can a $1 trillion coin end debt ceiling crisis?

    What if the threat of a voluntary default by the United States could be erased by simply turning one tiny scrap of platinum into a coin?

    That's right. No debt ceiling problem. No bickering in Congress. No market jitters. The only thing needed is for the Treasury Department to mint a platinum coin with a face value of $1 trillion.

    Of course, this is not going to happen. Creating money out of MORE

    - Jan 4, 2013 9:35 AM ET
  • Intel report: China's economy to surpass U.S. by 2030

    The National Intelligence Council -- the same thinkers who produce National Intelligence Estimates -- has released an 140-page report that offers a series of prognostications about how the world might change in coming decades.

    The report is full of all kinds of fun concepts, like powered exoskeletons designed to help the elderly, bio-based energy and 3-D printing. You can read the full report here.

    But one of the biggest economics themes of the report is the MORE

    - Dec 10, 2012 10:46 PM ET
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  • Obama win may ease China tension

    President Obama and Mitt Romney heaped criticism on China during the presidential campaign, with the Republican candidate advocating an especially aggressive policy stance toward Beijing.

    Romney pledged to label China a currency manipulator on his first day in office. And if Beijing did not immediately move to float its currency, Romney said he would slap countervailing duties on Chinese exports to the U.S.

    Obama was more measured in his criticism, but still MORE

    - Nov 7, 2012 5:02 AM ET
  • Romney wins debate -- on Intrade

    To the investors on Intrade, there was little question who came away from Wednesday night's presidential debate on top: Mitt Romney.

    Intrade is a prediction market that allows investors to wager on the outcome of events. In this case: the presidential election. (Watch video: The debate in 99 seconds)

    Earlier this week, the site's users placed the odds that President Obama would win re-election as high as 79%. Just before the debate MORE

    - Oct 4, 2012 10:01 AM ET
About This Author
Charles Riley
Charles Riley
Reporter, CNNMoney

Charles Riley lives and works in Hong Kong, where he covers markets, economics and other high-impact stories across Asia. He previously worked for CNNMoney in New York and CNN in Washington. He tweets @CRrileyCNN

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