EMerging Equity
Chinese Yuan
The Impending U.S. Dollar Collapse Should Be Getting Attention, Not China’s Yuan Devaluation: Peter Schiff
By Peter Schiff, CEO of Euro Pacific Capital China’s recent move to devalue the yuan has sent shock waves through the global financial markets and has convinced most observers that a new front in the global currency wars has begun. The move has caused many observes to envision a new round of competitive devaluations around the globe in … Continue reading
Chinese Yuan: More “Significant Work” Is Needed Before Deciding Whether To Grant The Renminbi Reserve Currency Status, IMF Says
“The International Monetary Fund said the yuan trails its global counterparts in major benchmarks and that “significant work” in analyzing data is needed before deciding whether to grant the Chinese currency reserve status,” Bloomberg reports. According to the news agency: IMF staff members also opened the door to a possible delay in any approval with … Continue reading
China’s Currency: Is The Time Ripe For A New Global Reserve Currency?
By Mikala Sorenson China’s push for the adoption of a super-sovereign reserve currency points to a possible larger role for IMF’s Special Drawing Rights (SDR). The current international monetary system is a historical exception. It has no anchor, such as the silver standard, the gold standard, or the Bretton Woods agreement. Instead, a floating currency … Continue reading
China To Allocate $900 Billion In Belt And Road Initiative
“China announces plans to boost the Belt and Road trade by creating economic corridors and investing nearly $900 billion in countries along the route,” China Daily reports. China plans to connect Asia and Europe with funding from the Asian Infrastructure Investment Bank (AIIB) and the Silk Road Fund. Vice-Premier Zhang Gaoli said the country is considering six economic … Continue reading
Chinese Yuan’s Inclusion To IMF’s SDR Basket Could Draw $1 Trillion
Around $1 trillion in global currency reserves will switch into Chinese assets should the International Monetary Fund (IMF) endorse the yuan as a reserve currency and include it in its Special Drawing Rights (SDR) basket this year, according to Standard Chartered, Bloomberg reports. “SDR inclusion in 2015 would likely have a significant market impact, driving an immediate sharp … Continue reading
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