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The RMB’s Progress (In Internationalization)
Article By:
Menzie Chinn
Monday, March 1, 2021 4:20 AM EDT
The rapid ascent in CNY reserves was in 2018, with some resumption in 2020. From 2016 to 2019, Renminbi turnover rose from 4% to 4.3% (out of 200%).
In this article: CYB
Not Manipulation, Montagu’s Monkey
Article By:
Jeffrey P. Snider
Saturday, December 19, 2020 7:33 PM EDT
The Chinese have never subscribed to the modern wave of “transparency” which has swept over Western central banks. The People’s Bank of China very much operates instead on the doctrine which preceded it.
In this article: CYB
Massive Federal Deficits Risk America’s Financial Independence, Dollar’s Global Dominance
Article By:
Peter Morici
Tuesday, September 8, 2020 5:59 AM EDT
Federal Reserve Chairman Jerome Powell recently announced with much fanfare that the Federal Reserve would tolerate periods of inflation above 2% to compensate for failing to reach that target much of the last two decades.
China: Revising GDP And Yuan Forecasts
Article By:
ING Economics
Thursday, September 3, 2020 7:54 AM EDT
China’s recovery has started and looks sustainable because domestic demand has returned amid fewer Covid-19 cases.
In this article: CYB