Dr. Zhang Lijuan is a professor at School of Economics, Shandong University. Her current research fields are World Economy, Trade Policy, Commercial Diplomacy, US-China Relations.
This is a dangerous time for global finance, so BRICS nations should expect more challenges ahead before really taking the lead within the global financial system.
The current rating system does not properly reflect the financial stability of the borrowers. Credit rating agencies need to rate themselves first, before they rate others.
The extent to which Chinese people chase American brands is far beyond Americans' imagination, and although there is obviously no "buy American" campaign, Chinese consumers are nonetheless practicing a "buy American" mentality.
The inflation rate in China as perceived by consumers is much higher than the official figure. The public want to know the real inflation rate as well as the policy response.