Donald Trump Accuses China of Currency Manipulation as Yuan Plunges
The Chinese government allowed the tightly controlled yuan to fall to the lowest level in a decade after the U.S. imposed tariffs.
PBOC
World View: Israel and Turkey Announcing a Reconciliation Agreement on Monday
Contents: Nationalistic tensions increase as UK and EU drift towards Brexit; Japan’s government calls emergency meeting as yen surges after Brexit; Israel and Turkey announcing a reconciliation agreement on Monday
China Devalues Yuan as Stocks Crash
With China devaluing its currency, stocks crashing 3 percent and capital flight accelerating, China has cut bank its bank reserve requirements to free up $100 billion in credit.
World View: Monday’s Stock Market Rout Blamed on China’s Foreign Currency Selloffs
Contents: Bangladesh covers up Tibetan art after China threat; Desperate China official rapidly selling of foreign currency reserves; Monday’s stock market plunge blamed on China and on weak earnings; Hong Kong experiences worst violence in years
China, in Freefall, Devalues Its Currency the Yuan Again
The People’s Bank of China (PBoC) weakened the yuan against the dollar for a third consecutive day on Thursday, following reports the central bank intervened to stem the currency’s sharp slide late on Wednesday.
Barclays Bank Says China Capital Flight Twice as Big as Russia’s
Barclay’s Bank estimates that despite a hot stock market, the China suffered $300 billion in capital flight and is facing its first foreign exchange liquidity crisis since 2000. The news follows a report that China’s GDP is experiencing negative growth in real terms, thanks to collapsing domestic demand.
