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

Send Money Overseas
China does not like money flowing out of the country. Despite what you may think, there is only ONE totally legal way for expats to send large sums of ...
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Lawyer to sail from Kittery to Lubec to raise money for cancer care
In July, Silverstein will sail the 16-foot kayak with two hulls more than 250 miles from Kittery to Lubec to raise money for cancer research and treatment ...
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Help Karen raise money for participating in SRRA RIVER RUN
Karen is raising money for a great cause by participating in SRRA RIVER RUN on September 29, 2019. They need your help to reach their goal.
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Acron Group's Q1 2019 IFRS Net Profit Up 82% to USD 133 Million
In US dollar equivalent, revenue was up 6% to USD 446 million from USD 423 million. EBITDA* was up 31% year-on-year to RUB 10,456 million (Q1 ...
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US dollar closes lower on Taipei forex market
Taipei, May 27 (CNA) The U.S. dollar fell against the Taiwan dollar Monday, shedding ... Turnover totaled US$758 million during the trading session.
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Snowball effect of the S&P, the exhaustion of the dollar strengthening
The US dollar could also be next in the line for a correction and the pound will gain strength and rebound. We recommend that you wait for a close ...
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