China owes a lot to foreign investment. Long before Foxconn started making iPhones for Apple, manufacturers from Hong Kong tiptoed across the border to Guangdong in search of cheap labour. In 1982 ...
(Reuters) -The yuan has shrugged off a trade war, slow growth, rock-bottom interest rates and a slump in foreign investment, to head for its sharpest annual gain since the pandemic year of 2020. The ...
Due to President Donald Trump’s willingness to upend the global status quo, financial commentators and elite media outlets ...
Goldman Sachs Group Inc. says the yuan is 25% undervalued and will appreciate more than forwards contracts are pricing for 2026. Calling the Chinese currency one of its “highest conviction” trades, ...
China now settles nearly a third of its $6.2 trillion trade in yuan instead of dollars — up from 20% in 2022. But economic imbalances and tight capital controls will keep the currency from truly ...
Bitcoin's BTC $89,522.64 price often dances to the tune of global money flows, and right now, a strengthening Chinese yuan (CNY) could be setting the stage for a more bullish backdrop for the ...
In the fall of 2023, Xi Jinping made a rare visit to the nation’s mint following a trip to the central bank, according to people close to China’s decision-making. The visit laid bare Xi’s desire to ...
Nearly everything you've heard about China's currency, the yuan, is dead wrong. It's not undervalued and it's not undercutting the U.S.... At Money Morning, we dive deep into the unconventional trends ...