Since 2016 began, the prospect of a major devaluation of China’s renminbi has been hanging over global markets like the Sword of Damocles. Although China's policymakers have worked hard to dispel worries, they have yet to persuade investors. Janet Zhang analyzes the causes of the depreciation, as well as the dilemma for China's policymakers.
"As January goes, so goes the year." If you believe in the January barometer, as many market practitioners do, brace yourself for a wild ride in the coming year.
The renminbi (RMB)'s entry into the SDR is an important milestone for both China and the world. While it will enhance China's diplomatic prestige and benefit the economy, it also presents challenges for Chinese policymakers.
China's yuan continues to make news this week as investors weigh the impact of a potential global currency war. Will the the US Federal Reserve still be able to raise rates? Will emerging market investors still have a fighting chance?
Anthony Neoh, SC, former chief advisor to the China Securities Regulatory Commission and ex-chairman of the Hong Kong Securities and Futures Commission, discusses the progress and prospects of financial sector reforms and capital market liberalizations in China.
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