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06.19.18China Stocks Plunge to Two-Year Low on Tariff Threat; Yuan Sinks
Bloomberg
China’s benchmark equity gauge tumbled to a two-year low and the yuan weakened as a worsening trade dispute with the U.S. spurred panic selling. Bonds gained.
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03.26.18China’s Attempts to Supplant Dollar Face Historic Difficulties
Wall Street Journal
The world’s first yuan-denominated oil contracts launched Monday, as part of China’s drive to turn its currency into a global force in markets.
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02.08.18China’s Yuan Toppled from Two-Year High as Trade Data Surprises
Bloomberg
China’s yuan sank the most since the aftermath of its shock 2015 devaluation, after data showed the country’s trade surplus more than halved last month, and investors speculated controls on outward cash flows will be eased.
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02.06.18The Upside for China in the US Stock Market Plunge – from the Chinese Economist Who Tipped a Big Fall
South China Morning Post
A record points plunge in the US stock market this week could be good news for China’s exporters, according to a Chinese government economist who predicted a big correction in American shares four weeks ago.
Caixin Media
06.05.17
China to Boost Checks on Overseas Spending
China is stepping up supervision of the use of bank cards overseas, a move the foreign-exchange regulator says is needed to fight money laundering, terrorist financing, and tax evasion.Starting September 1, banks will be required to report on a...
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04.07.17China’s Fosun Big on Expanding in Pharma
CBS News
Chinese conglomerate Fosun International will remain on the lookout for investment opportunities in the West amid concerns in the market over capital controls and debt levels, according to the company’s chairman.
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03.20.17China Is Reportedly Getting Ready to Hit back against Any of Trump’s Trade Penalties
Fortune
China’s government has been seeking advice from its think-tanks and policy advisers on how to counter potential trade penalties from U.S. President Donald Trump, getting ready for the worst, even as they hope for business-like negotiations.
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02.01.17Yuan’s Gain Has Surprised Trump, Incoming Ambassador Branstad Says
Bloomberg
Donald Trump probably hasn’t followed through on campaign pledges to label China a currency manipulator because the yuan’s been stronger than he anticipated, the U.S. President’s pick as ambassador to China said Tuesday.
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01.13.17China Overseas Investment Spree Set to Run Out of Steam
Wall Street Journal
A government think tank predicts China’s direct investment overseas, after years of robust gains, is likely to decline in 2017
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01.12.17China Banks Extend Record 12.65 Trillion Yuan in Loans in 2016 as Debt Worries Mount
Reuters
China’s banks extended a record 12.56 trillion yuan ($1.82 trillion) of loans in 2016 as the government encouraged more credit-fueled stimulus to meet its economic growth target
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01.04.17China Inc.’s Large Dollar Debts Fuel Beijing’s Efforts to Curb Yuan Plunge
Wall Street Journal
The large pile of foreign debt owed by Chinese companies, from state-owned banks to airlines, is giving added impetus to Beijing’s efforts to keep the yuan from falling too steeply against the rallying dollar.
Caixin Media
10.24.16
The Yuan’s Internationalization is Just Beginning
The official acceptance of the yuan (or renminbi) into the International Monetary Fund’s elite currency club on October 1 marked a milestone in the Chinese government’s campaign to boost the yuan’s international appeal.Inclusion of the yuan in the...
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10.07.16Yuan Buckles After Latest Drop in China’s Foreign-Exchange Reserves
Wall Street Journal
Chinese currency hits weakest level against dollar since January after reserves fall by more than forecast in September
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10.03.16China Marks Milestone With Yuan’s Entry Into IMF Reserve Basket
Wall Street Journal
Move confers a measure of legitimacy after Beijiing’s yearslong effort to internationalize its currency; remains far from countering dollar’s status
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09.12.16Surge in Offshore Yuan Borrowing Rate Suggests China Intervention
Wall Street Journal
Move by banks in Hong Kong market, likely at behest of PBOC, seems aimed at bets against yuan.
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06.30.16China to Tolerate Weaker Yuan, Wary of Trade Partners’ Reaction
Reuters
The yuan is already trading at its lowest level in more than five years.
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05.26.16Warning Sign: China Sets Currency at 5-Year Low
CNN
Some believe that China's economic growth is actually 4.2% instead of the claimed 6.5%-7%.
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05.25.16China Said To Plan Asking U.S On Timing Of Fed Rate Hike
Bloomberg
China hopes for a July inflate as exchange rates weaken....
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05.16.16China Challenged to Keep Yuan Stable as Dollar Rises
Wall Street Journal
PBOC must support growth while keeping currency valuable enough to stem flood of wealth abroad.
Conversation
01.27.16
Is George Soros Right that China’s Headed for a Hard Landing?
On Tuesday in an article headlined, “Declaring War on China’s Currency? Ha ha,” the People’s Daily attacked billionaire investor George Soros for suggesting he might short the renminbi. The Chinese currency has dropped 5.7 percent since August when...
The China Africa Project
01.19.16
Africa Feels the Chill of China’s Cooling Economy
It hasn’t even been a month since Chinese president Xi Jinping was in South Africa for the triennial Forum on China-Africa Cooperation (FOCAC) confab where he unveiled a massive $60 billion financial package. Oh how those were innocent, halcyon days...
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01.07.16Why It’s Getting Harder to Understand China
Wall Street Journal
The depreciating yuan is exposing the increasing difficulty in getting a firm reading on economy.
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01.07.16Chinese Stock Plunge Forces a Trading Halt, and Global Markets Shudder
New York Times
The aftershocks carried over to Europe and the United States, where markets fell sharply once again.
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01.04.16Dow Plunges After Rout in Chinese Market
Wall Street Journal
Weak economic data in China spurs global selloff, while Shanghai Composite declines nearly 7%.
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01.04.16Greece-Sized China Outflows Highlight Policy Maker Challenge
Bloomberg
Investors are rushing money out of China as yuan weakens to lowest point since August.
Conversation
12.03.15
Does the Renminbi’s Elevation to Global Currency Matter?
On November 30, the International Monetary Fund approved the Chinese renminbi, also known as the yuan, as one of the world’s leading currencies, underscoring the country’s rising global financial importance. What’s behind the decision and what...
The China Africa Project
10.01.15
How China’s Economic Slowdown Will Impact Africa
The tremors in China’s faltering economy are being felt across Africa. Now that China has replaced Europe and the United States as most African countries’ largest trading partner, there is understandable concern that slowing demand in the P.R.C...
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09.23.15Currency Devaluation and U.S.-China Relations
Brookings Institution
When President Xi Jinping and an entourage of Chinese officials come to Washington this week, one of the top issues on the economic agenda will once again be the exchange rate.
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09.09.15One Thing China Got Right
Bloomberg
Stocks plunged, monetary policy wavered, but Beijing finally fixed the "fixing."
Caixin Media
08.24.15
How to Solve China’s Currency Parity Puzzle?
Boosting exports, controlling outbound capital flow and supporting the Chinese currency’s bid for Special Drawing Rights (SDR) status are just some of the reasons cited by analysts for the yuan's unexpected devaluation in mid-August.The yuan...
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06.25.15China Reveals Misuse of $2.7 Billion in Lottery Funds
Reuters
China uncovered the misappropriation of $2.72 billion from its state lottery program, used to buy and build office buildings and hotels.
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06.05.15ChinaFile Recommends
02.05.15Is China Preparing for Currency War?
Bloomberg
As China grapples with its slowest growth in 24 years, President Xi Jinping is under pressure to stimulate the economy.
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01.30.15China and the World: Yuan for All
Economist
The yuan is not yet fully convertible and will not be for several years, which limits China's influence.
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07.14.14Chinese Banks Halt Experimental Yuan-Remittance Program
Wall Street Journal
China’s major banks have halted an experimental program, sanctioned by the country’s central bank, that helped citizens transfer large sums overseas despite government capital controls, according to people with knowledge of the matter.
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03.11.14China’s Currency Suddenly Reverses Direction, Stuns World Markets
Time
Some speculate that the reversal is a prelude to currency reform, yet others think that China is purposely pushing the yuan down in value to give its exports a lift amid the nation’s decelerating growth.
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02.11.14Conspiracy Theories Abound About China’s Gold Purchases
South China Morning Post
Huge imports of gold have fueled speculation about the mainland’s intentions, including an alleged bid to launch a global monetary system.
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09.12.13Milestone for Yuan Marks Rise of China
Wall Street Journal
China for the first time joined the ranks of the most-traded international currencies, underscoring the rise of the world’s second-largest economy and the growth of the global foreign-exchange market.
Conversation
03.28.13
Will China’s Renminbi Replace the Dollar as the World’s Top Currency?
Patrick Chovanec:This week’s news that Brazil and China have signed a $30 billion currency swap agreement gave a renewed boost to excited chatter over the rising influence of China’s currency, the renminbi (RMB). The belief, in many quarters, is...