Current transformations of the Chinese economy and the growing implication of its businesses in the world market will necessitate the creation of a high level financial hub where will be processed its transactions with foreign countries. This hub is already found: it will be Shanghai.  Yuan internationalization, launched almost ten years ago, in a general indifference, and even a denial, as in France, is going on and even is accelerating. Monetary bumps occurred last year when China central bank decided to modify its intervention procedures with a certain clumsiness caused by its inexperience, are now part of the past. The ...

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The entire world, since the beginning of this November month, was turning its eyes at the United States and was wondering about the respective chances of both candidates. No election in the past had attracted such an impact, for two reasons: the result has been undecided until the end, with swings at every incident and the personality of one of the two candidates  fascinates some and scares the others. Nobody can predict the economic consequences of the election of Donald Trump. This uncertainty carries heavy consequences and will last until January when the transfer of power between Barack Obama and ...

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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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