ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Opinion

China's dangerous dollar addiction should worry Asia

Concerns behind Xi Jinping's Davos speech are becoming clearer

| China
A bank clerk counts dollar banknotes next to stack of 100 yuan notes at a bank outlet in Haian: China faces some difficult choices because it does not have true monetary independence.   © Chinatopix/AP

Andrew Hunt is CEO of Hunt Economics and former adviser to Dresdner Asset Management in Asia. Ben Ashby is a former managing director in JPMorgan's Chief Investment Office.

For all the talk of the inevitability of China's rise or this being Asia's century, President Xi Jinping's January address to the World Economic Forum warning Western economies not to "slam on the brakes or take a U-turn in their monetary policies," highlighted a key weakness.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more