In China, nothing or just about, occurs by chance. So the choice of the city of Hangzhou to host heads of states participating to the G20 Summit, has a deep sense. This city was China capital during the Song dynasty, at a time when the country was starting to attract attention from the West. Then it was put in the shade by Beijing, of course, and, much later, by its neighbor, Shanghai, which became, from the 19^th century, the economic hub of the country. But it was in Hangzhou, during the seventies, that secret discussions took place between Henry ...

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Just 50 years ago, the Cultural Revolution was starting. It was praised in France, at that time. Alain Peyrefitte, in his book “When China wakes up” concludes that” the Chinese revolution constitutes definitely the most extraordinary experience of the time being … and maybe of anytime”. Valery Giscard d’Estaing commented Mao Zedong death with these words: “a worldwide mind lighthouse has been switch off”.  Since that period, Chinese leaders took their distances in qualifying his records as a success for 70% and a failure for 30% and the People Daily, last week went further:” History has proven that the Cultural ...

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« Where is the will, there is the way » said, a long time ago, Lao-Tseu. The reading of the project of the 13th Plan, being discussed this week-end in Beijing at the People Assembly, shows that this principle is still present. Guidelines related to China monetary policy which are included in the document, give a light which it is necessary to decode in order to understand the path the country will follow and its consequences on international economic and financial exchanges.

The Yuan internationalization strategy, initiated in 2009, will go further. Its convertibility is definitely a clear objective as its use ...

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