The central bank’s interventions cannot reverse the trend of a depreciating RMB, but past lessons suggest that the USD/CNH may be near its peak.
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The central bank’s interventions cannot reverse the trend of a depreciating RMB, but past lessons suggest that the USD/CNH may be near its peak.
The scope of the plan is quite limited; the White House’s goal is to allow US investors to continue investing in less-sensitive areas of Chinese tech.
July economic data were bad across almost every category, and August is likely to be another very bad month.
The Politburo acknowledged at its Monday meeting that the economy is facing difficulties and pledged to offer more support.
Whether and how most companies will be affected is still unclear, but some foreign investors may be spooked by the uncertainty in the meantime.
Exports and real estate continue to be a drag on the economy, but household spending is recovering well.
The RMB’s share in global forex reserves has declined despite higher allocations by central banks in Russia and Brazil.
More support for the housing market is in the cards, but the best outcome is stability instead of a big boom.
A drought this summer could mean another power crisis in Sichuan, and existing measures do not seem to go far enough to combat this risk.