China’s New Currency Peg | Council on Foreign Relations
It is a given in polite economic society that China should move toward a more flexible exchange rate regime. The...
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US Dollar gets costlier to borrow in China in new sign of Yuan woes
The premium to borrow dollars in China’s local markets has jumped over the past month, another example of the resurgent US currency’s global reach and persistent headwinds facing the yuan.China’s overnight interbank dollar lending rate hit a record 5.47% on March 29 after a steady climb, before easing to 5.42% Thursday, Bloomberg-compiled data show. That has pushed its gap with the US secured overnight financing rate, a global benchmark, to the widest since July twice in the past two weeks.The tightening supply of the US currency in China has coincided...
China sanctions two U.S. defense firms for selling Taiwan weapons
BEIJING (Reuters) -- China has banned the senior executives of two U.S. defense companies from entering the country and frozen their property in response to their arms sales to Taiwan, the foreign ministry said on Thursday.The measures effective from Thursday were against General Atomics Aeronautical Systems, which manufactures unmanned aerial systems, and military vehicle maker General Dynamics Land Systems, a unit of General Dynamics.China said the arms sales "seriously interferes" in its internal affairs and "damages" China's sovereignty and territorial integrity."The continued sale of arms by the United States to...
Beware what you wish for: calls for China to loosen grip on the yuan may rock emerging and developed markets alike, strategists say
China watchers calling for Beijing to loosen its grip on the besieged yuan need to be mindful of the risk...
Beware what you wish for: calls for China to loosen grip on the yuan may rock emerging and developed markets alike, strategists say
China watchers calling for Beijing to loosen its grip on the besieged yuan need to be mindful of the risk...
Stock market today: Asian markets are mixed, Shanghai falls as Fitch lowers China’s rating outlook
BANGKOK (AP) — Shares were mixed Wednesday in Asia after U.S. stock indexes held at a near standstill ahead of...
Cartels, terrorist groups and state actors using digital currency to subvert sanctions
WASHINGTON (TND) — Treasury Department officials are worried that digital currencies are giving terrorist groups, drug cartels and other groups...
AIA redefines wealth planning with a multi-currency savings plan that boasts high potential returns and flexibility
Indeed, the cost of overseas education can be substantial, often surpassing HK$1 million. Despite the high costs, there has been...
China Maintains Yuan Defense After Currency Nears Red Line
(Bloomberg) -- China stuck to a holding pattern of supporting the yuan as pressure from a resilient dollar and poor...
China Investment in Australia Sinks as Companies Favor Belt and Road
(Bloomberg) -- Investment into Australia by Chinese private and state-owned companies tumbled in 2023 to the second-lowest level in 18...
