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

BUZZ-COMMENT-ANZAC forex spirit defies US trade war - IFR
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AUD/USD, NZD/USD: Bears Fight Back After V-Shaped Rally Hits a Wall - FOREX.com
A stalled recovery in the Aussie and Kiwi is raising fresh questions over whether recent gains have legs. With bearish candles emerging and the US ...
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Forex Today: US data, Germany's morale gauges, and tariffs take centre stage - Mitrade
Forex. Forex Today: US data, Germany's morale gauges, and tariffs take centre stage. Source Fxstreet. Apr 23, 2025 12:22. The Greenback extended their ...
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Pegasystems Share Price Skyrockets 32.46% to $91.08 on Strong Earnings ... - TradingPedia
Brian has been a part of the Forex and stock markets for more than ten years as a freelancing trader. , | Updated: April 23, 2025. Key moments.
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Forex transaction thru cards hits 2-yr low - New Age
Bankers noted that the foreign exchange transactions by cards depended on availability of dollars and the number of travellers going abroad. Besides, ...
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US dollar has been 'absolutely smashed' - YouTube
... US dollar has been 'absolutely smashed' over the last 10-15 days. This comes after US President Donald Trump claimed he had no intention of firing US ...
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U.S. Dollar Gains Ground As Traders React To PMI Reports: Analysis For EUR/USD, GBP ...
The report indicated that Composite PMI declined from 53.5 in March to 51.2 in April, compared to analyst forecast of 51. U.S. Dollar Index settled ...
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Trump's Trade War Sparks Conversation About Future of U.S. Dollar - YouTube
Whether the U.S. dollar will remain the world's reserve currency in the wake of President Donald Trump's trade war was a source of debate on ...
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US Dollar soft after PMI data and gloomy Fed's Beige Book - FXStreet
The US Dollar Index (DXY) failed to hold onto its early strength during Wednesday's session and now drifts near the 99.50 region, ...
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Trump's Trade War Sparks Conversation About Future of U.S. Dollar | TIME
Whether the U.S. dollar will remain the world's reserve currency in the wake of President Donald Trump's trade war was a source of debate on...
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