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.
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.
The AUD/USD is on the Rise
Some comments from the RBA's Kent, suggests that the next rate move in ... So far the AUD/USD is pushing higher, but we are well off the highs of ...
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USD/JPY starts out on the backfoot, technicals supporting bearish outlook
"We expect headline CPI to slip to 2.2%, largely on the oil price rout which left gasoline prices down nearly 8% m/m. Beyond the energy weakness, ...
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AUD/USD Forex Technical Analysis ' Testing Major Weekly Retracement Zone
The AUD/USD settled sharply lower last week with the price action driven by a combination of weaker than expected Australian economic data, lower ...
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RBA panic intensifies
In other words, a change in policy rates elsewhere need not mechanically ... So a rise in US interest rates (or an appreciation of the US dollar) would ...
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NZD/USD bears eye 38.2% retracement Fibo
NZD/USD is currently trading at 0.6854 from a high of 0.6876 having traded as low as 0.6849 so far at the start of the week. The bird has moved ...
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Australia should start preparing for house-price induced downward spiral ' OECD
Australia should start planning for a house-price induced downward spiral, the Paris-based Organization for Economic Cooperation and Economic ...
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Alpari Holds Training on Forex Trading
By Udora Orizu in Abuja. One of the leading companies on forex trading, Alpari has called on Nigerians to venture into currency trading and take ...
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Sri Lanka forex reserves down $880mn in November
ECONOMYNEXT - Sri Lanka's forex reserves dropped by 884.9 million US dollars in November 2018, to 7,018.38 million dollars in November amid a ...
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JP Morgan (have a big bull forecast) blame fake news for stock market falls
JP Morgan sees a good rise for the S&P500 .... ummm .... by the end of 2019. This from Bloomberg on JMP clarifying why stocks. are. actually. falling.
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Costly smartphones, low investment frustrate Nigeria's 4G drive
According to him, access to forex to import equipment for base stations and towers from other countries is difficult as the government has not prioritised ...
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Gosha Ruchchinskiy Denies Accusations of Misconduct
PARIS ' Gosha Ruchchinskiy was scrambling to minimize damage to his business and reputation over the weekend after a 16-year-old seeking to ...
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Forex Trading: Could we have a rebound on GBP/USD' December 07, 2018
GBP/USD seems undecided right now, but you should be ready for an aggressive move very soon. Price has started to move somehow sideways, so it ...
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Euro Weekly Technical Forecast: Bottoming Efforts Under Way in Several Crosses
Talking Points: - EUR/USD's symmetrical triangle may be biased for a topside break; another interpretation of recent price action sees an inverse head ...
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US politics - choice for new White House Chief of Staff declines the job
... in a car door spend more time with his family. This is probably not a forex mover, but with so much focus on politics driving markets just a heads up ...
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