China’s rise has put China’s financial issues at the center of global economic and financial stability. This course provides an up-to-date evaluation on China’s currency policy, foreign exchange regime, banking structure and other financial issues in the global context. The course begins with an overview of China’s financial system, followed by discussions on how variation in China’s financial reforms can account for differences in patterns of global business and world economic development. Then the course turns to a case analysis of China’s RMB exchange rate and its effects on the global financial order and world/American economy. During simulations, students will take on various roles in contemporary debates/issues, including RMB appreciation, SME financing, capital controls, foreign debts, and the future global financial regime.