NEWSWORTHY
Unilateral trade actions won't solve problems, says Chinese Premier Li Keqiang at Tianjin summit
Chinese Premier Li Keqiang said Wednesday that unilateral trade actions will not solve any problems, stressing that multilateralism should instead be upheld. "It is essential that we uphold the basic principles of multilateralism and free trade," Li said in a speech at the World Economic ...
It seems highly likely that the current trade dispute between the U.S. and China will develop into a fierce conflict over currency and high-tech industries.
Goldman sees yuan gaining in reserves at expense of dollar and yen
China's currency is set to take an increasing share of world foreign-exchange reserves, with the dollar and yen having to make the most room proportionally for the newcomer on the block, according to Goldman Sachs Group Inc. An acceleration in foreign inflows into Chinese fixed ...
Many are wondering if China will respond to Trump's trade war by threatening a currency war. If it does, the world should call its bluff.
Even as dollar slips, Trump says Russia and China are playing 'currency devaluation game'
U.S. President Donald Trump accused Russia and China on Monday of devaluing their currencies while the United States raises interest rates. "Russia and China are playing the Currency Devaluation game as the U.S. keeps raising interest rates. Not acceptable!" Trump said in a Twitter post. Trump's ...
Financial experts warn China not to repeat Japan's foreign exchange mistake of 1980s
China should learn from Japan in the 1980s, and never allow a trade war to become a currency war, says Sheng Songcheng, a senior adviser to the People's Bank of China (PBOC). The current trade spat between the two biggest economies is reminiscent of tensions ...
China's $1 trillion-plus U.S. debt holdings would be double-edged sword in trade war
In the event of a trade war with the United States, China could resort to devaluing its currency or dumping its massive holdings of U.S. debt, but analysts warn both weapons could be double-edged swords. Donald Trump last month sparked fears of a potentially destabilizing ...
Don't hype China's reserve currency moment
Hopes that entry into the IMF's currency basket would quicken the pace of reforms have been dashed.
China may face Japan-like slump unless yuan weakens, KKR says
China could be facing the same kind of anemic growth that Japan did in the 1990s unless it moves to weaken the yuan to alleviate the country's debt burden and fend off deflation, according to KKR & Co., one of the world's largest private ...
China suffering from a transparency problem
Effective communication with market participants and real-economy players will be crucial if China is to achieve market credibility and stability.
China filming its own version of 'The Big Short'
The second biggest economy has $23 billion of potential junk debt. A rash of downgrades could trigger the next bout of turmoil in global markets.
Chinese tourist spending under threat as yuan slides 10% against yen
Chinese tourists tumbling off buses into the Laox duty-free store in Tokyo's bustling Ginza district say the yuan's drop against the yen may make them think twice about splurging during their shopping tours. "Many things are better than China," said a 27-year-old Beijinger called Wang, ...
