China’s central bank said on Thursday that there was no basis for further depreciation in the yuan given strong economic fundamentals, in a bid to reassure jittery global markets ... Read More
Asian shares were up despite China sending the value of its currency, the yuan lower for the third consecutive day. Thursday’s yuan guidance rate was set 1% down, a ... Read More
China’s central bank continued to devalue the country’s currency for a third straight day, amid fears of a global currency war. On 13 August, the People’s Bank of China ... Read More
1. Why does the central parity of RMB exchange rate against US dollar change nearly 1.6% on 12 August from that of 11 August? The central parity of RMB ... Read More
China’s 2 percent devaluation of the yuan hit global equities and U.S. oil prices on Tuesday with investors fearing a new currency war as well as declining Chinese economic ... Read More
Chinese shares were lower on Wednesday as its central bank again devalued the yuan, following Tuesday’s record cut. The People’s Bank of China fixed the daily guiding rate for ... Read More
The People’s Bank of China allowed the yuan to depreciate almost 2 percent against the U.S. dollar to levels last seen three years ago, sending a shock through currency ... Read More
Any discussion of China has to open with the now-widely-understood fact that the numbers it reports are not to be trusted. Knowing this makes it easy to dismiss claims ... Read More
The whole “market economy” thing is turning out to be a little trickier than China’s dictators expected. To set up the story: After the 2008 crash the country borrowed ... Read More
China is grasping at policy measures to shore up its economy CHINA could be gearing up to join the global currency wars by devaluing the renminbi. So far this ... Read More
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