China is a global hub for manufacturing, and is the largest manufacturing economy in the world as well as the largest exporter of goods in the world. China is also the world's fastest growing consumer market and second largest importer of goods in the world. It is a net importer of services products.

Before China’s devaluation in August 2016 roiled global markets and spurred some of the hedge fund industry’s biggest names to bet against the Yuan, a small cohort of researchers saw the whole thing coming. By that time, the People’s Bank of China (PBOC) surprised markets with three consecutive devaluations of the yuan, knocking over 3% off its value. Since 2005, China’s currency has appreciated 33% against the US dollar and the first devaluation on August 11 marked the largest single drop in 20 years.

China has been criticized by Western media for unfair trade practices, including artificial currency devaluation, intellectual property theft, protectionism, and local favoritism due to one-party oligopoly by the Communist Party of China and its socialist market economy. The rate of economic growth of the Chinese economy has started slowing with fears of an impending hard landing of the economy. With the devaluation occurring just days after data showed a sharp fall in China’s exports, many believe that China's insistance that the move was motivated by market-oriented reforms is just a convenient excuse. The Chinese government claimed that its exports had fallen 8.3% in July from the previous year.

Latest news on China & the Economy

Can zero-forex, lifetime-free Scapia outdo other travel credit cards' - Mint
Forex markup is a fee that the bank or card-issuing company charges to enable international transactions on a card.
>> Read more here

Navigating Forex Markets: The Top 10 Forex Brokers of 2023 - Business Today Kenya
AvaTrade stands as a powerhouse in the Forex market, providing a diverse range of trading instruments, including cryptocurrencies and commodities.
>> Read more here

FOREX Yen falls as Japan's negative rates expected to persist - Reuters
The Japanese yen weakened against the dollar for a second day on Monday, giving back most of a rally last week on expectations of less dovish ...
>> Read more here

Forex markets anticipate crucial central banks meetings - London Loves Business
The dollar continues its rebound following last week's strong performance. Labor market data, including NFP, indicated a resilient economy, ...
>> Read more here

US dollar and euro exchange rates, 11.12.2023, 14:59 MSK - Oreanda-News
As at 14:59 Moscow time the value of the US dollar was 90.4825 rubles, 'hanging by '1.4150 rubles in relation to the closing rate of the previous day ...
>> Read more here

BRICS: Trump Predicted to Win 2024 Election & Save US Dollar - Watcher Guru
Amid BRICS de-dollarization, Donald Trump has been predicted to win the 2024 election by VanEck, and attempt to save the ailing US dollar.
>> Read more here

Rupee settles almost flat at 83.39 against US dollar - Telegraph India
The rupee stayed almost flat and settled 1 paisa lower at 83.39 (provisional) against the US dollar on Monday as investors remained on the ...
>> Read more here

USD/JPY Forecast - US Dollar Rallies Against the Japanese Yen - FX Empire
The US dollar rallied a bit during the trading session on Monday in the early hours as the 145 level has offered support.
>> Read more here

US dollar rebounds on strong jobs data, yen soars | Ebury UK
The undisputed winner in currency markets last week was the Japanese yen, which soared as the Bank of Japan finally hinted that it is ready to ...
>> Read more here

USDJPY Rises as US Dollar Surges Against the Yen on Dovish BoJ - LeapRate
The USDJPY currency pair was trading up over 129 pips as the US dollar rallied higher against the Japanese yen. The US Dollar is currently ...
>> Read more here

Obama and the economy
Obama economy
Putin and the economy
Putin economic
Greenspan Economics
Alan Greenspan economics
The FED and the economy
Federal Reserve economy
International Monetary Fund
IMF economics
World Bank & the economy
World Bank economy
Deutsche Bank
Deutsche Bank economy
European Union economy
European Union economy
China economy
China economy
NAFTA and the economy
NAFTA and the economy
GOLD in the economy
GOLD in the economy
SILVER in the economy
SILVER in the economy