Chinese academics and commentators have debated the country’s recent pledge of $43bn towards IMF recapitalisation, in return for the Fund delivering on a 2010 pledge to grant developing nations additional quota share and voting rights.

Proposals to create a Brics-wide development bank has aroused a great deal of debate among Chinese commentators

Markets closed down in Asia in response to the death of the North Korean leader Kim Jong Il and concerns over the transition of power in China’s northerly neighbor. The benchmark Shanghai Composite Index dropped 0.3%, or 6.61 points, to close at 2,218.24 while the Shenzhen Component Index slid 0.31%, or 27.86 points, to finish at 9,054.08. The dips mirrored similar slides in the Korea Composite Stock Price Index (KOSPI), which slid 3.43%, and the Nikkei Stock Average, down 1.26%.

Chinese hot money is rushing overseas, raising a host of implications for the renminbi, domestic monetary policy and wealth managers around the world.

Some migrant worker wages are starting to ease, raising profound implications for the economy.

The Senate’s decision to support a currency bill aimed at China has unsurprisingly sparked fierce debate.

Concerns over financial fragility, mixed with a conservative political atmosphere ahead of the 2012 political succession is hitting the pace of financial reform.

Commentators discuss the US’s recent debt conundrum and the ramifications for China.