China’s luck on Yuan devaluation risks running out
By Bloomberg
23 July 2018 |
3:59 pm
For more than a month, China seemed to be enjoying the advantage of exchange-rate depreciation without the global backlash and panicky capital outflows that accompanied the bout of yuan weakening in 2015.
Related
2 Apr
Tsai Ing-wen's meeting with Kevin McCarthy on April 5 would be the first meeting between a US House speaker and a Taiwanese president on US soil. China has called the planned meeting a provocation.
2 Apr
This week, former Taiwanese president Ma Ying-jeou was on a trip through China as a private citizen, at the same time that Taiwan's current president, Tsai Ing-wen, was in the United States. Tsai's unofficial visit sparked diplomatic anger from Beijing, which considers the self-ruled, democratic island as part of its territory. We take a closer look.
3 Apr
Japan's foreign minister met his Chinese counterpart in Beijing and openly talked about disputes between their countries. The two Asian powers are seeking common ground amid rising tensions in the region.
5 Apr
Taiwan's President Tsai is set to meet US House Speaker Kevin McCarthy. Beijing said that the Republican leader should avoid repeating "disastrous" past mistakes.
5 Apr
French President Emmanuel Macron, accompanied by EU's Ursula von der Leyen, is traveling to China in hopes of dissuading Beijing from backing Russia's invasion of Ukraine. Tough trade talks are also expected.
8 Apr
India's foreign ministry says it rejects attempts by Beijing to change the names of mountains and rivers in its Arunachal Pradesh state. China also lays claim to the region.
7 Apr
Since the start of Russia's full-scale invasion of Ukraine, Taiwan has shown unwavering support for Kyiv. The invasion of a young democracy by its larger neighbour is indeed a situation that hits close to home in Taiwan.
5 Apr
President Lopez Obrador has written to Xi Jinping amid a spat with the US about the trafficking of fentanyl. The Mexican president has asked China for information on drug shipments.
9 Apr
A Beijing-brokered deal between rivals Iran and Saudi Arabia marks major diplomatic progress which could reshape relations across the region which has witnessed decades of conflict and violence.
9 Apr
During a trip to Beijing, the French president and the EU's von der Leyen are seeking to get Xi Jinping to pressure his ally Russia for peace in Ukraine. China has so far steered clear of condemning Moscow's invasion.
12 Apr
The EU and China have agreed that peace talks in Ukraine should begin, and their trade relations should be rebalanced. Analysts remain cautious.
10 Apr
The Ronald Reagan Presidential Library and a US conservative think-tank were among the organizations sanctioned by China. The move comes after Taiwan's President Tsai Ing-wen met with US House Speaker Kevin McCarthy.
Latest
44 mins ago
Manchester City manager Pep Guardiola won the LMA Manager of the Year award for a third time on Tuesday. Voted by managers across all the divisions, Guardiola beat out competition from Mikel Arteta, Roberto De Zerbi, Eddie Howe, Vincent Kompany and Steven Schumacher to collect the Sir Alex Ferguson Trophy at the League Managers Association awards ceremony in London.
45 mins ago
Beyonce is spending "tens of thousands" of pounds on the services of London's best seamstresses, leaving other artists struggling to get help with their own tour wardrobes.
1 hour ago
During a farm-to-table tour of the occupied West Bank, Jerusalem and the Gaza Strip, five high-profile chefs of Palestinian heritage encountered a Palestinian cuisine often unfamiliar to foreigners more accustomed to news of conflict with Israel.
1 hour ago
Factory takeovers? Price controls? Food rations? What do European politicians mean when they stress — or dismiss — the need for a 'war economy'?
2 hours ago
Three Israeli soldiers and a member of Egypt's security forces have died in a fairly rare exchange of fire near the two countries' border, their militaries said. The countries said they were investigating together.