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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

Yuan’s share in global payments rises again in August

Oct 01, 2018 12:15 pm UTC| Commentary

After steadily losing its attraction since 2015, the Chinese yuan seems to be recovering in terms of its share in the global payment system, according to a report by Swift payment system. As an effect of economic...

Renminbi Series

Renminbi Series: Yuan’s share in global payments rises to highest in 36 months

Sep 13, 2018 12:48 pm UTC| Commentary

After steadily losing its attraction since 2015, the Chinese yuan seems to be recovering in terms of its share in the global payment system, according to a report by Swift payment system. As an effect of economic...

Renminbi Series

Yuan likely to consolidate, trade between 6.50-6.60 for now, advance further in medium-term: Scotiabank

Sep 19, 2017 07:38 am UTC| Commentary Economy

The Chinese yuan is expected to consolidate and trade between 6.50 and 6.60 for now and is expected to advance further in the medium term on account of the EURs potential strength and possible portfolio inflows to mainland...

Renminbi Series

FxWirePro: Chinese yuan gains on the back of higher than expected Caixin manufacturing PMI data

Aug 01, 2017 05:04 am UTC| Technicals

USD/CNY is currently trading around 6.7175 marks. It made intraday high at 6.7239 and low at 6.7150 levels. Intraday bias remains bearish till the time pair holds key resistance at 6.7373 mark. A...

Renminbi Series

Renminbi Series: China’s economic recovery gathers pace

Jul 17, 2017 05:10 am UTC| Commentary

Chinas economy is humming strongly and the signs of a recovery are becoming more broad-based. According to latest data from the National Bureau of Statistics (NBS), Chinas GDP grew by 6.9 percent in the second quarter,...

Renminbi Series

Renminbi Series: House prices in China cools for 6th consecutive month

Jun 19, 2017 03:42 am UTC| Commentary

The price to purchase a new house in Chinas major cities cooled further in May as the year on year growth declined for the six consecutive months. The year on year growth decorated for the sixth consecutive month since its...

Renminbi Series

Renminbi Series: China’s forex reserve swells to highest level in 2017

Jun 07, 2017 08:42 am UTC| Commentary

China, which has the biggest foreign exchange reserve in the world, registered a fourth consecutive monthly increase in the reserve according to data released by Peoples Bank of China (PBoC) today. Chinas foreign exchange...

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Economy

U.S. Treasuries surge ahead of September retail sales, Fed speeches

The U.S. Treasuries surged during Wednesdays afternoon session ahead of the countrys retail sales for the month of September, scheduled to be released today by 12:30GMT. Also, Chicago Fed President Evans and FOMC member...

UK gilts jump on lower-than-expected September CPI; BoE Governor Carney’s speech in focus

The United Kingdoms gilts jumped during European trading hours Wednesday after the countrys consumer price inflation (CPI) for the month of September came in lower than market expectations, albeit remaining unchanged from...

German bunds flat after Eurozone September CPI slips slightly, trade balance lower than estimates

The German bunds remained flat during European session Wednesday after the eurozones consumer price inflation (CPI) for the month of September, slipped slightly, falling short of market expectations as well. Also,...

NZ consumer prices rise 0.7 pct in September quarter, inflation pressures continue to build

New Zealands consumer price inflation was a little higher than expected in the September quarter, rising 0.7 percent q/q. The annual inflation rate dropped from 1.7 percent to 1.5 percent, largely due to the variability in...

KRW likely to recoup more of year-to-date losses along with yuan appreciation in coming weeks, says Scotiabank

The South Korea won is expected to recoup more of its year-to-date losses along with the yuan appreciation in the coming weeks, according to the latest research report from Scotiabank. The Bank of Korea lowered its...

Politics

Donald Trump’s alleged habit of ‘unwanted touching’ of women continues just before proposing to Melania Trump

Many people, especially the critics, have been having a hard time believing that the marriage and relationship between Donald Trump and Melania Trump are as good as they say it is. One of the pressing issues anchored to...

Melania Trump reacts to Donald Trump cheating allegations

Donald Trump and Melania Trump have always been in the limelight since they tied the knot. But the status of their marriage has become much more exposed to public speculations once they occupied the White House. Many...

Melania Trump: Is she distancing herself from Donald Trump’s political woes?

The past weeks have been hectic for the Trump administration, especially after an impeachment inquiry has been officially launched in the Congress in late September against President Donald Trump. Meanwhile, it is hard not...

How a 1905 debate about 'tainted' Rockefeller money is a reminder of ethical dilemmas today

Many nonprofits, including top universities and museums are confronting serious ethical dilemmas regarding accepting tainted money. The MIT Media Lab, an interdisciplinary research lab, has been widely criticized for...

Trump's bad Nixon imitation may cost him the presidency

Whatever Donald Trump does, Richard Nixon usually did it first and better. Nixon got a foreign governments help to win a presidential election over 50 years ago. Trumps imitation of the master has proven far from...

Science

HIV cure studies major advancements reported in 2019 spark hope

Finding a cure that would eliminate HIV from the body remains one of the biggest challenges in humanity. However, there have been numerous studies published this year alone that seemed to have proven that, ultimately, HIV...

Former NASA scientists insisted they found evidence of life on Mars

Scientists are usually very careful when answering questions on the long-running mystery of whether or not extraterrestrial life exists in space, especially on Mars. But a former scientist of the National Aeronautics and...

NASA Apollo 10 allegedly captured UFO images from space

Humans now have plenty of ideas on how space looks like, thanks to the numerous missions that the National Aeronautics and Space Administration and other similar agencies have launched over the years. However, images taken...

NASA rover allegedly captures an image proving there's life on Mars

It has been decades since humans started launching missions to space. At this point, the National Aeronautics and Space Administration (NASA) has already sent numerous rovers to Mars to observe the several sections of the...

Elon Musk reminded NASA it can share SpaceX’s IP to anyone; Agency unwilling to do so due to security concern

Elon Musk and NASAs partnership has been standing on rocky ground in recent months as the Commercial Crew endeavor has been delayed. The mission aims to put American astronauts to space using SpaceXs services, opting to...

Technology

'Fortnite: Chapter 2' to offer may new features and all-new island to navigate

Fortnite: Chapter 2 marks the return of the game after the black hole that lasted for 40 hours. Going offline for almost two days also signified the end of season 10, and now it is making its comeback and introducing...

‘The Sims 5’ release date depends on ‘TS4’ expansion contents

EA remains silent about their plans for The Sims 5. With that, fans of the life simulation video game series are looking at the possible remaining expansion contents for The Sims 4 to get an idea when an all-new title is...

‘Pokémon Sword and Shield’ release date: Upcoming entry needs 10.3 GB worth of storage

Nintendo is slated to reveal more information about Pokémon Sword and Shield in just a few hours. Until now, its difficult to discern what sort of detail is going to be shared. Is there a new Pokémon thats...

‘World of Warcraft Classic’ new dungeon arrives today; European servers to receive an update tomorrow

World of Warcraft Classic is preparing to bring in new content for the game, this time adding Dire Maul into the world. The dungeon was supposed to arrive next month but was slotted in early, hitting North American servers...

‘Elder Scrolls 4: Skyblivion’ release date: Developers will be changing areas on the map to reflect certain stories

Elder Scrolls 4: Skyblivion isnt expected to come out soon, and the games release is just adding more anticipation to an already anticipated title. Part of the reason for this excitement is due to the developers addressing...
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