THE CLOCK IS ticking down on the inauguration of US President-elect Donald Trump and thus on Beijing’s decision about if and how to devalue the renminbi. 707 more words
Tags » Currency Manipulation
President Obama just returned from an Asia-Pacific economic summit in Peru. And while talking with various global leaders, the president fielded a number of questions regarding President-elect Donald Trump’s trade agenda. 536 more words
Forget private email servers and sex tapes. Forget men versus women. This election was decided on the following three issues:
Currency manipulation by emerging economies like China and consequent offshoring of blue-collar jobs has gutted the US manufacturing sector. 501 more words
Chinese central bankers must be grinning over their cups of hot tea.
In August 2015 the People’s Bank changed the way it manages China’s renminbi. The currency’s 2% overnight fall triggered a global stock plunge, as investors worried that China was using devaluation to rescue a flailing economy. 228 more words