EMerging Equity
Li Keqiang
Chinese Authorities: Stock Market Bubble Has “Burst”, Economy To Face Tough Conditions Over Next Decade
China’s stock market bubble has “burst” and its economy is likely to face “tough conditions” over the next decade, Chinese authorities were reported to say during the Group of 20 nations (G20) meeting in the Turkish capital of Ankara over the weekend, the Nikkei Asian Review reports. Zhou Xiaochuan, the Governor of China’s Central Bank, the People’s Bank … Continue reading
China’s Growth May Have Only Clocked 6.3% In First Half, Full Year At 6.6% — Bloomberg Survey
China’s economy may not be expanding as much as we think and slower than its official data may suggest, according to a recent Bloomberg survey, which is helping to explain why policy makers in the nation have stepped up stimulus efforts and devalued the nation’s currency in a move to boost exports via a weaker yuan. According … Continue reading
China’s Stock Index Has Just Made Its Best Week In 2 Months While Yuan Volatility Shakes The Markets
China’s benchmark stock index has just made its biggest weekly gain in two months. Investors bet that the weaker yuan will help to boost the economy. The Shanghai Composite Index rose 0.3% at the close today and this week the index advanced by 5.9%. The yuan lost 3% for the week as a result of Tuesday’s surprise devaluation. Gerry Alfonso, a sales trader at Shenwan … Continue reading
Currency War Intensifies As China Devalues Yuan For Third Day In A Row
China’s Central Bank, the People’s Bank of China (PBOC), has further devalued the yuan on Thursday for a third day in a row — following a surprise “one-time devaluation” announced by the Central Bank on Tuesday — which is heating up what appears to be a currency war that is continuing to rattle markets. . On Thursday, the PBOC set the … Continue reading
China’s New Silk Road Extends To LATam: Why Chile Will Be The Yuan’s Financial Stronghold
By Ariel Noyola Rodríguez Economic relations between China and Latin America are living increasing tensions. As a result of deflation (fall in prices) on a global scale, the South American region is suffering the consequences of concentrating the bulk of its exports to China on commodities. However, the opening of the first yuan financial center in … Continue reading
China Vows To Step Up Targeted Policies To Combat “Relatively Big” Downward Pressure On Economy
China’s top leadership vowed on Thursday to use targeted policies to combat the “relatively big” downward pressure on its economy, China’s state-run Xinhua news agency reports. The Politburo, China’s top decision-making body, said that the nation will keep its macro policies stable, make “pre-emptive adjustments”, and fine-tune economic policies in a timely manner in order to support … Continue reading
Russia, China Deepen Stock Exchange Ties
Russia’s largest exchange group the Moscow Exchange (MOEX) and the China Financial Futures Exchange (CFFEX) signed an Memorandum of Understanding (MoU) on Thursday that will help further develop financial ties between the countries. The MoU signed by both exchanges aims to strengthen the bilateral partnership and facilitate the development of both parties through information sharing, reciprocal … Continue reading
China’s Stock Market Crash Reveals Serious Flaws In The Xi Administration’s Economic Policies
By Willy Lam The recent Chinese stock market crisis has exposed the fallacy of the Chinese Communist Party’s (CCP) contention that it is possible to seek economic development and reform without commensurate political changes. That the authorities have to use a barrage of executive fiats–including deploying the police to investigate what Beijing calls “malicious” brokers and … Continue reading
China Officially Launches The Asian Infrastructure Investment Bank (AIIB)
The Chinese-led Asian Infrastructure Investment Bank (AIIB) officially launched on Monday following a signing ceremony of the bank’s articles of association that took place in Beijing. Chinese President Xi Jinping greeted 300 delegates from the bank’s fifty-seven founding-member countries where they would later determine the total share capital, each member’s voting share of capital, the governance structure, decision-making mechanism, and operational … Continue reading
Chinese Yuan Set To Be Added As Reserve Currency This Year: Bloomberg Survey
China is set to see its currency, the yuan, officially called renminbi, being added as a reserve currency this year, according to Bloomberg. A recent survey conducted by Bloomberg shows that eleven out of sixteen economists have predicted that the International Monetary Fund (IMF) will add the Chinese currency to its Special Drawing Rights (SDR) basket during … Continue reading
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