This ties up with other information I have heard. On behalf of Dr. Jianguang Shen: “Following the change in the renminbi’s managed peg system on 11 August, China has reportedly sold over USD100b in US treasury to defend the currency… Read More ›
Month: August 2015
Mizuho China Economics Weekly: Are we looking at another Asian Financial Crisis? We think not
Again I send you material from Dr Shen in Hong Kong: China Economics Weekly 150828 Many of the headlines seek to place the cause of Western turmoil at the doors of China . There is some validity in that but qe,… Read More ›
There is much speculation in the media about China’s forex rate and its stock market. I am on holiday with only an iPhone so my access to news and writing is limited. We can see why China has moved slowly… Read More ›
Article: China to accelerate railway investment in H2
China accounts for over 60pc of the high speed train networks of the world. Clearly this share is going to increase with this huge investment inside China. But China is already building or planning across the world – in Africa,… Read More ›
RMB new fixing rate regime not a move to depreciate for export gain
RMB devaluation Q&A 150812 RMB drops 1.9pc The very small – 1.9pc- change in the rmb usd rate has been greeted in the media as if it was a 25pc devaluation. This article from Dr Shen puts things in perspective…. Read More ›
IMF gives China more time to prepare renminbi for inclusion in SDR basket
Mizuho Weekly- SDR 150806 From Dr Shen who seems to have objectivity. The battle drums may beat about the South China Sea but the Renminbi entrance to SDR status may be more significant. If SDR is not part of your… Read More ›
