In August, China’s currency the renminbi was suddenly devalued after market forces were introduced into the way its trading band was calculated, once again casting the spotlight on this most contentious of currencies. Typically, thanks to the interventions of US politicians, the conversation had centered on accusations that the renminbi has been kept artificially low as part of a ploy to boost Chinese exports. However, such a view hasn’t been supported by analysts, and in the Summer 2015 issue of CKGSB Knowledge several went on record as saying the renminbi was in fact overvalued. Take a look at how the value of the renminbi has changed through the years.
From stats on online gaming revenues to tier-one home sales, the China data you need to know. Anyone travelling by subway in China will notice one thing: nearly everyone is busy with their smartphone. For some it is social media and for others it is games. It’s no wonder then that online gaming is soaring in popularity. […]
PBOC’s move to devaluing the RMB didn’t just follow weak exports data, but also IMF requirements for more market-driven exchange rates.
Is the yuan devaluation the start of a currency war, or a reflection of Beijing’s plan to give the market more power?
The RMB exchange rate is caught between two powerful forces: the surging Dollar and China’s rising power.
This week, mainland investors pushed the Hang Seng Index to a seven-year high; Alibaba’s Ant Financial launched a Big Data-based stock index; and Cloud Live Technology teetered close to a default.
The long awaited Shanghai-Hong Kong Stock Connect Program is finally here. But is it living up to its lofty goals?
As the global economy looks to emerging markets for growth, investors rush in for the high yields of emerging market bonds. But what about the risks?
Companies like TransferWise and CurrencyFair are gaining popularity in the online money transfer market. Will such services disrupt traditional banking the same way Skype disrupted long-distance telephony? TransferWise, a start-up that offers a low-cost way for consumers to exchange currency, recently raised $25 million, bringing it one step closer to convincing consumers and investors that it really will […]
This week, Mercedes-Benz faced an anti-monopoly probe; the Tesla China trademark episode finally came to an end; WeChat got new rules for news while Line and Kakao Talk got axed in China; Xiaomi edged ahead of Samsung; and Priceline invested in Ctrip. For the China Policy Wonks… The Chinese government made a lot of headlines this […]