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3 mins read
Markets are worried about the Chinese yuan sparking a new wave of turmoil
The Chinese yuan spiked against the US dollar on Monday in moves that were similar to the Japanese …
Huileng Tan
2 mins read
US debt and dollar risks mean China should cut its Treasury holdings, a former PBOC advisor says
China should limit its exposure to the dollar and US debt risks, a former Chinese central bank offi…
Filip De Mott
2 mins read
Why China's economy is doing better than people think, says a former PBOC advisor
China could hit its target growth rate if it focuses on boosting fiscal and monetary support, a for…
Filip De Mott
2 mins read
Billionaire investor David Einhorn shares an overlooked theory for why gold prices have spiked so much
Billionaire hedge fund boss David Einhorn shared his thoughts about why gold has soared this year i…
Yuheng Zhan
2 mins read
Gold prices have another 29% upside as China's central bank continues its buying spree, famed economist says
China has purchased about 181 tonnes of gold over the past year, and is now the sixth-largest holde…
Matthew Fox
2 mins read
Sensex, Nifty rebound sharply to gain over 1% on bargain hunting
Equity benchmark indices Sensex and Nifty rebounded sharply by 1% on Wednesday after sliding for th…
3 mins read
China faces 5 big obstacles in its effort to de-dollarize and boost the yuan on the world stage
Obstacles include China's capital controls and the longstanding popularity and use of the US dollar…
Jennifer Sor
2 mins read
China says Evergrande risks are 'controllable' in first comments since debt crisis
Chinese officials, including state-controlled media, have kept silent throughout the Evergrande's f…
Isabelle Lee
1 min read
Beijing flinches from Evergrande bailout, nudges government-owned firms to snap up assets, report says
Vanke, China Jinmao Holdings, and China Resources Land are among those that have been asked to purc…
Isabelle Lee
2 mins read
China's central bank says it will protect consumers as another payment deadline looms for Evergrande
The central bank did not explicitly mention Evergrande, though it was seen as among the most pointe…
Isabelle Lee
1 min read
Chinese state-owned banks are propping up the yuan while the central bank signals currency weakness
Chinese banks have frequently sold dollars in the currency market this year to stem the yuan's decl…
Aruni Soni
2 mins read
China's digital yuan could be used by international visitors at the 2022 Beijing Winter Olympics
The Beijing Olympics would be the first time international visitors could use the digital currency,…
Sophie Kiderlin
1 min read
Forget the dollar – China has its hands full propping up the yuan against 23 other currencies, report says
Beijing's been propping up the renminbi against almost two dozen currencies including the yen, euro…
Joseph Wilkins
1 min read
China vows to support yuan through crisis, bouncing the embattled currency from a 16-year low
The People's Bank of China issued a stark warning to traders speculating against the note, sending …
Joseph Wilkins
1 min read
China's economic woes mount with the yuan hitting a 16-year low
The onshore yuan languishes around 7.32 per dollar, its weakest since 2007, even after the People's…
Joseph Wilkins
2 mins read
China should sacrifice the yuan to avoid falling into a vicious cycle of debt and deflation, economist says
"But if the price of saving the economy from entrenched deflation is a weaker renminbi, it is a pri…
Jason Ma
2 mins read
Global stocks rise as hopes for prompt US fiscal stimulus revive the 'buy everything' trade
US stock futures rose as much as 1% even after House Speaker Nancy Pelosi rejected the Trump admini…
Shalini Nagarajan
2 mins read
China's central bank is caught in a pickle between the falling yuan and sputtering economic growth
"Do not bet on the appreciation or depreciation of the renminbi. If you gamble for a long time, you…
Jason Ma
2 mins read
China is hiding $3 trillion of foreign currency in 'shadow reserves,' adding unknown risks to the global economy, former Treasury official says
"Not everything that China does in the market now shows up in the PBoC's balance sheet."
Filip De Mott
1 min read
China scrambles to support its economy with another interest-rate cut as recovery sputters
The People's Bank of China cut rates on medium-term policy loans Thursday amid signs of stagnant gr…