Today brings yet more hints from Chinese regulators about the future opening up of the country’s capital account.
Ever
since China said in late June that it was abandoning its dollar peg,
the Chinese central bank has published a blizzard of read more…
For the last year, China
has expanded domestic demand and worked to attract foreign investment,
contributing to the global recovery. However, concerns have recently
been floated, not least among foreign businesses, that China is now less
Silk ties and handkerchiefs
are forecast to rise in price after the cost of silk jumped to its
highest level in at least fifteen years as rapid industrialisation in
China, the world’s largest supplier, robs the sector of valuable farm
land read more…
A surge in imports from
China pushed the US trade gap sharply higher in May, adding to a stream
of weak data for the Obama administration already under pressure over
the economy and stagnant jobs market.
The trade deficit grew by
4.8 per read more…
The Chinese economy
expanded 11.1 per cent in the first half compared to the same period
last year, pointing to a considerable slowdown in the second quarter of
the year.
No figures were made immediately available for
second-quarter grow read more…
China’s quest to transform
the renminbi into an international reserve currency – and thereby
challenge America’s dominance of the global monetary system – may take
decades, if it happens at all. But this month, for the third time this
year read more…
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