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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 inclusion in SDR may lead to capital flows of $31 billion for direct allocation

Sep 22, 2016 10:30 am UTC| Commentary Economy

The International Monetary Funds new Special Drawing Rights basket which includes the yuan will take effect on October 1. The weights of the basket currencies will be in the manner of 41.73 percent for the US dollar, 30.93...

Renminbi Series

Renminbi Series: Rise of Hibor stirs Global market

Sep 12, 2016 10:35 am UTC| Commentary Economy Central Banks

HIBOR or the Hong Kong Interbank Offer Rate became infamous earlier this year in January when overnight rate touched above 68 percent as the Peoples bank of China (PBoC) drew liquidity from the offshore market via...

Renminbi Series

Renminbi Series: CFETS index declines to fresh record low

Aug 23, 2016 11:15 am UTC| Commentary

CFETS RMB Index that was launched by the Peoples Bank of China (PBoC) in collaboration with China Foreign Exchange Trade System (CFETS) last year is pointing to a fresh weakness in the Chinese yuan. However, the latest...

Renminbi Series

Chinese 10-year bond yields fall to seven-year low on sluggish economic growth

Aug 11, 2016 07:20 am UTC| Commentary

The Chinese 10-year bond yields fell to seven-year low of 2.71 percent Thursday on expectations of lower inflation and persistent sluggish economic growth, creating pressure on the PBoC for a further innovative monetary...

Renminbi Series

Yuan responds to major FX counterparts since PBoC’s currency mechanism, eased deflation gives extra edge but investment still at snail’s pace

Aug 10, 2016 13:03 pm UTC| Central Banks Insights & Views

PBoCs interventions to depreciate CNY seems to be successful as the Chinese central bank (PBoC) continues to weaken its currency via the fixing, the fixing rates are generally in line with what the fixing model suggests so...

Renminbi Series

Renminbi Series: Yuan’s share in global payments declines in June

Jul 21, 2016 07:43 am UTC| Commentary

Chinese yuan is steadily losing its attraction, according to a report by Swift payment system. As an effect of economic stagnation, uncertainties, higher volatilities and surprised devaluation of the yuan in August last...

China Crisis Series

Renminbi Series

Chart of the Day Series

Chart of the Day: China's investment contrast

Jun 16, 2016 16:02 pm UTC| Commentary Economy

Chinas private investmentthat was growing above 30 percent back in 2011 and was supporting economy dropped to just 3.9 percent as of this months release. In contrast, thanks to stimulus from the government public...

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Economy

Why China’s economy has hit a wall

Chinas annual parliamentary meetings in Beijing came to a close on March 11. They were conducted under great pressure: a weak economy and high expectations from both the domestic public and international observers as to...

Vladimir Putin’s gold strategy explains why sanctions against Russia have failed

There are more than 16,000 sanctions imposed against Russia. Yet the Russian economy and war machine grew by 3.6 per cent in 2023 and is projected to grow another 2.6 in 2024. Nearly six per cent of Russias gross...

Mentorship is key to improving social and economic outcomes for Black youth

Black youth in Canada experience poorer educational achievement than other children and youth, which leads to subsequent poor economic outcomes. A series of problems and barriers contribute to poor educational outcomes....

There’s an extra $1 billion on the table for NT schools. This could change lives if spent well

The federal and Northern Territory governments have just made a historic funding announcement of about A$1 billion for schools in the territory. This includes an extra $737.7 million from the federal government and an...

Undersea cables for Africa’s internet retrace history and leave digital gaps as they connect continents

Large parts of west and central Africa, as well as some countries in the south of the continent, were left without internet services on 14 March because of failures on four of the fibre optic cables that run below the...

Politics

SpaceX Builds Spy Satellites for US; Russia Warns of Military Response

Russia has issued a stark warning to the United States, stating that the use of SpaceXs satellites for espionage could render them targets for military action. This follows revelations that SpaceX is constructing a spy...

Deepfakes are still new, but 2024 could be the year they have an impact on elections

Disinformation caught many people off guard during the 2016 Brexit referendum and US presidential election. Since then, a mini-industry has developed to analyse and counter it. Yet despite that, we have entered 2024 a...

Political donations rules are finally in the spotlight – here’s what the government should do

Australias political donations rules are woefully inadequate, but donations reform is finally on the agenda. The federal government has signalled its interest in reform and will soon begin briefing MPs on its plan. Greater...

With nominations decided, Trump leads Biden in US polls

Joe Biden and Donald Trump have both secured their parties nominations for the November 5 United States general election by winning a majority of all delegates to their parties conventions, including delegates not yet...

Science

How do airplanes fly? An aerospace engineer explains the physics of flight

Airplane flight is one of the most significant technological achievements of the 20th century. The invention of the airplane allows people to travel from one side of the planet to the other in less than a day, compared...

The mystery of consciousness shows there may be a limit to what science alone can achieve

The progress of science in the last 400 years is mind-blowing. Who would have thought wed be able to trace the history of our universe to its origins 14 billion years ago? Science has increased the length and the quality...

What is minoxidil, the anti-balding hair growth treatment? Here’s what the science says

Hair loss (also known as alopecia) often affects the scalp but can occur anywhere on the body. Its very common and usually nothing to worry about; about half of Australian men show signs of visible baldness at age 50 and...

Our survey of the sky is uncovering the secrets of how planets are born

When we look out to the stars, it is typically not a yearning for the distant depths of outer space that drives us. When we are looking out there, we are truly looking back at ourselves. We try to understand our place in...

Archeoastronomy uses the rare times and places of previous total solar eclipses to help us measure history

Total solar eclipses have fascinated and terrified people for centuries. Today, we know that total solar eclipses like the upcoming eclipse on April 8 are caused by a cosmic coincidence when the moon comes between the...

Technology

Xiaomi Revs Up: SU7 Unveiled, Set to Outpace Tesla, BYD with Sub-500K Yuan Price Tag

As Xiaomi ventures into electric vehicles, it positions itself in Chinas competitive EV sector, focusing on pricing and market disruption. The debut of its first electric vehicle, the SU7, marks a significant move after...

Ferrari, SK On Join Forces to Develop Next-Generation Supercar Batteries

Ferrari NV, an Italian luxury sports car maker, has teamed up with SK On, a South Korean electric vehicle battery manufacturer, to produce next-generation batteries. The partners will work on producing eco-friendly...

Shiba Inu Surges with $219M Whale Activity, Vitalik Buterin Highlights SHIB

Shiba Inu (SHIB) experiences a significant boost with $219 million in whale transactions, as Ethereum co-founder Vitalik Buterin makes surprising comments about the meme coins resilience. Shiba Inu Witnesses Major Surge...

Illuvium's $12M Funding Boost Precedes Q2 Game Launch And Airdrop Tease

Illuvium a blockchain gaming universe, secures $12 million funding ahead of Q2 2024 game launch, hinting at a significant token airdrop. Illuvium Labs Secures $12 Million Funding Ahead of Q2 Game Launch Illuvium...
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