Dr. Le Xia is Chief Economist for Asia at BBVA Research. He joined BBVA in 2010.He also serves as a research fellow in International Monetary Institute at Renmin University of China. Prior to joining BBVA Research, Dr. Xia worked for the Treasury Department of Bank of China (Hong Kong). The research fields of Dr. Xia include macroeconomics in Asia economies, financial development in the Asian region and the economic integration between China and other emerging markets.He obtained his PhD from the University of Hong Kong and has a master degree from Renmin University of China.
China’s 2023 Q3 economic activities are better-than-expected and stronger than Q2 outturns amid policy support, showing some bottomed-out signals after Q2’s dipping.
November 13, 2023
China | RMB Internationalization: what is the progress for BBVA footprint countries?
We analyze the recent progress of RMB internationalization in BBVA footprint countries including Spain, Türkiye, Argentina, Colombia, Peru, Mexico, Venezuela and Brazil.
The report aims to identify the fundamental differences between China and Japan, highlighting key distinctions to conclude that China will not experience "Japanization" or a "balance sheet recession."