Tag Archives: dollar

Common good is vital: exert

The ballast in the relationship of the world’s two largest economies is their cooperation on the global public goods, which the Trump administration’s “America First” approach is undermining, according to a senior researcher at a US think tank.

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At UN, China focus on Africa, Mideast

Africa and the Middle East will be two major focuses for the UN Security Council during China’s presidency for the month of July.

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China shifts how it tracks yuan’s value

Economists expect the yuan to continue depreciating slightly against the dollar as the US Federal Reserve appears poised to raise interest rates for the first time since 2006.
Some even predict that the Chinese currency will fall gradually to about 6.5 to the US dollar by the end of this month, and perhaps drop to 6.7 next year.

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US debt deal a temporary fix

Another fiscal crisis looming ‘within months’; the yuan under pressure to rise The US government is back in business after a last-minute deal late Wednesday night in Washington prevented the government from defaulting on its loans. However, experts said that the debt-ceiling crisis will raise its head again and China must refrain from holding massive […]

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Renminbi rate near ‘equilibrium’

The renminbi’s exchange rate is nearing “equilibrium”, a central bank researcher said on Wednesday, suggesting that the currency would be more likely to experience two-way fluctuation instead of the unilateral appreciation of previous years. “The Chinese economy is now rebalanced both internally and externally, with a fairly small trade surplus and a relatively low inflation […]

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