Menu

Search

Over the past decade, China has emerged as global superpower of economics and Geo-politics. Chinese currency Yuan has emerged as top contender to Challenge global dominance of Dollar. This year in Yuan might join International Monetary Fund’s (IMF) Special Drawing Rights (SDR) basket, strengthening Yuan’s position as global reserve currency. In this series, we discuss about China, its politics, economics, and vulnerabilities with a view of Renminbi.

Renminbi Series

Renminbi Series: China declines allegation of currency manipulation

Feb 03, 2017 12:24 pm UTC| Commentary

While the US President Donald Trump during his campaign has vowed to brand China as a currency manipulator once he gets into office, Chinese officials have once again rejected the claim. Chinas foreign ministry spokesman...

Renminbi Series

Hong Kong's yuan savings post record monthly drop in Dec, yuan depreciation weighs

Jan 27, 2017 16:40 pm UTC| Commentary Central Banks

Hong Kong Monetary Authority data showed Friday that Yuan deposits in Hong Kong posted their biggest monthly drop on record in December. Data showed Savings in the Chinese currency fell 12.9 percent on the month to 546.7...

Renminbi Series

Renminbi Series: Yuan’s internationalization stalled in 2016

Jan 26, 2017 10:05 am UTC| Commentary Economy

The Chinese yuan has been steadily losing its attraction, according to a report by Swift payment system. As an effect of economic stagnation, uncertainties surrounding high levels of domesticdebt, higher volatilities and...

Renminbi Series

Renminbi Series: Record outflows from China

Jan 19, 2017 08:38 am UTC| Commentary Economy

According to the latest estimates, China faced massive outflows of money from its economy for a second consecutive year, despite a positive foreign direct investment and a large positive current account. In 2015, $744...

Renminbi Series

Weak RMB, stronger US consumption likely to support Chinas exports growth

Jan 16, 2017 05:38 am UTC| Economy Commentary

Chinas exports registered a ninth straight month of contraction in 2016. Chinas exports in USD terms declined 6.1 percent y/y in December, as compared with the fall of 1.6 percent in November and market expectation of a...

Renminbi Series

FxWirePro: CNY to depreciate further in 2017, albeit at gradual pace

Jan 10, 2017 12:09 pm UTC| Economy Commentary

While the markets are beset by concerns that the Chinese yuan could weaken substantially following its 7 percent depreciation against the US dollar in 2016, we are adhering to our view that managed depreciation will be...

Renminbi Series

Renminbi Series: Biggest two day gains end with biggest one day decline since currency liberalization

Jan 06, 2017 10:29 am UTC| Commentary Central Banks

Chinese currency is experiencing unprecedented volatility in the offshore market. Just hours ago we at FxWirePro, were covering stories on rising HIBOR, which rose to the second highest level at 61.83 percent today and how...

1 2 3 4 5 6 7 8 9 10   

Economy

There’s an extra $1 billion on the table for NT schools. This could change lives if spent well

The federal and Northern Territory governments have just made a historic funding announcement of about A$1 billion for schools in the territory. This includes an extra $737.7 million from the federal government and an...

Undersea cables for Africa’s internet retrace history and leave digital gaps as they connect continents

Large parts of west and central Africa, as well as some countries in the south of the continent, were left without internet services on 14 March because of failures on four of the fibre optic cables that run below the...

Economists say Australia shouldn’t try to transition to net zero by aping the mammoth US Inflation Reduction Act

Australias top economists are pressing Prime Minister Anthony Albanese not to ape US President Joe Bidens think big approach to clean energy. Bidens so-called Inflation Reduction Act dubbed the largest climate...

Emissions impossible? How the transport sector can help make the 2050 net-zero goal a reality

Meeting Canadas ambitious net-zero emissions target by 2050 necessitates significant technological, behavioural and systemic changes in the transportation sector, a major contributor to global greenhouse gas (GHG)...

Why is toddler milk so popular? Follow the money

Toddler milk is popular and becoming more so. Just over a third of Australian toddlers drink it. Parents spend hundreds of millions of dollars on it globally. Around the world, toddler milk makes up nearly half of total...

Politics

SpaceX Builds Spy Satellites for US; Russia Warns of Military Response

Russia has issued a stark warning to the United States, stating that the use of SpaceXs satellites for espionage could render them targets for military action. This follows revelations that SpaceX is constructing a spy...

Israel’s army exemptions for the ultra-Orthodox are part of a bigger challenge: The Jewish state is divided over the Jewish religion

Just when you think nothing can surprise you anymore in Israeli politics, someone always comes along with a new twist. This time it was Yitzhak Yosef, one of Israels two chief rabbis. In response to debates over whether...

Did Biden really steal the election? Students learn how to debunk conspiracy theories in this course

Title of course: Debunking conspiracy theories What prompted the idea for the course? I am interested in how people internalize or learn about political beliefs they go on to adopt. This interest coincided with my...

Trump wouldn’t be the first presidential candidate to campaign from a prison cell

The first trial ever of a former president, the so-called hush money case against former president and likely GOP presidential nominee Donald Trump, is scheduled to begin with jury selection in New York on March 25, 2024,...

Science

The mystery of consciousness shows there may be a limit to what science alone can achieve

The progress of science in the last 400 years is mind-blowing. Who would have thought wed be able to trace the history of our universe to its origins 14 billion years ago? Science has increased the length and the quality...

What is minoxidil, the anti-balding hair growth treatment? Here’s what the science says

Hair loss (also known as alopecia) often affects the scalp but can occur anywhere on the body. Its very common and usually nothing to worry about; about half of Australian men show signs of visible baldness at age 50 and...

Our survey of the sky is uncovering the secrets of how planets are born

When we look out to the stars, it is typically not a yearning for the distant depths of outer space that drives us. When we are looking out there, we are truly looking back at ourselves. We try to understand our place in...

Archeoastronomy uses the rare times and places of previous total solar eclipses to help us measure history

Total solar eclipses have fascinated and terrified people for centuries. Today, we know that total solar eclipses like the upcoming eclipse on April 8 are caused by a cosmic coincidence when the moon comes between the...

Spacesuits need a major upgrade for the next phase of exploration

Humans have long dreamed of setting foot on the Moon and other planetary bodies such as Mars. Since the 1960s, space travellers have donned suits designed to protect them from the vacuum of space and stepped out into the...

Technology

Xiaomi Revs Up: SU7 Unveiled, Set to Outpace Tesla, BYD with Sub-500K Yuan Price Tag

As Xiaomi ventures into electric vehicles, it positions itself in Chinas competitive EV sector, focusing on pricing and market disruption. The debut of its first electric vehicle, the SU7, marks a significant move after...

Ferrari, SK On Join Forces to Develop Next-Generation Supercar Batteries

Ferrari NV, an Italian luxury sports car maker, has teamed up with SK On, a South Korean electric vehicle battery manufacturer, to produce next-generation batteries. The partners will work on producing eco-friendly...

Shiba Inu Surges with $219M Whale Activity, Vitalik Buterin Highlights SHIB

Shiba Inu (SHIB) experiences a significant boost with $219 million in whale transactions, as Ethereum co-founder Vitalik Buterin makes surprising comments about the meme coins resilience. Shiba Inu Witnesses Major Surge...

Illuvium's $12M Funding Boost Precedes Q2 Game Launch And Airdrop Tease

Illuvium a blockchain gaming universe, secures $12 million funding ahead of Q2 2024 game launch, hinting at a significant token airdrop. Illuvium Labs Secures $12 Million Funding Ahead of Q2 Game Launch Illuvium...
  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.