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

Forex Technical Analysis and Forecast: EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD ...
EUR/USD is forming one more descending impulse towards 1.1047. After that, the instrument may start a new growth to reach 1.1072, thus forming ...
>> Read more here

NBU weakens official forex rate to UAH 24.19 to dollar for Nov 22
On Thursday, November 21, hryvnia quotations against the dollar on the interbank currency market by the close of trade settled at UAH 24.15/24.17 to ...
>> Read more here

Forex - Major Currencies Remained Little Changed Amid Mixed Messages on Trade War
Investing.com - Major currency pairs were little changed on Friday in Asia amid mixed messages on the Sino-U.S. trade progress. The U.S. dollar ...
>> Read more here

Forex News Today: PMIs and Largarde Speech to Dictate EURUSD
EURUSD traded higher yesterday to its new intra-week high at 1.1096. However, buyers were not able to sustain the rally and the currency pair fell ...
>> Read more here

US Dollar Technical Forecast: USD/SGD, USD/MYR, USD/PHP Rates
The US Dollar may be readying to turn higher against the Singapore Dollar. USD/SGD has broken above the Falling Wedge after bouncing on the ...
>> Read more here

10 USD to AMD
10 USD to AMD converion using latest Fx Rates. $10 US Dollar to Armenian Dram '' conversion online.
>> Read more here

US Dollar Technical Forecast: USD/SGD, USD/MYR, USD/PHP Rates
Trade all the major global economic data live as it populates in the economic calendar and follow live coverage for key events listed in the DailyFX ...
>> Read more here

Petrol price again crosses Rs 80 per litre in Mumbai. Check today's fuel rates in top cities
As per the country's daily pricing mechanism, the retail prices of are dependent on the global crude prices and the rupee-US dollar exchange rate as ...
>> 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