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.
These Credit Card Offers Can Save You Money Or Earn Bonus Points at Electronics Stores
You can save cash or earn bonus points with a variety of American Express offers from stores like Best Buy or Staples.
>> Read more here
Everything We Know About Season 4 of Netflix's La Casa de Papel (Money Heist)
While we wait for Netflix to make an official announcement, here's everything we know about season 4 of La Casa de Papel a.k.a. Money Heist.
>> Read more here
Cummings asks prosecutors about decision not to charge Trump in hush money probe
Democrats are pressing federal investigators on whether an internal Department of Justice policy played any role in their decision not to indict ...
>> Read more here
Tulsi Gabbard has raised no money for congressional campaign
Rep. Tulsi Gabbard has gone all in on the White House. The Hawaii congresswoman has raised money exclusively for her 2020 presidential bid and ...
>> Read more here
Mnuchin says no change to US dollar policy 'as of now'
Treasury Secretary Steven Mnuchin said there is no change in the US's dollar policy 'as of now' but wouldn't rule out a shift at some stage in the future ...
>> Read more here
USD/CAD Canadian Dollar Trade Lower on Rising US dollar and Weak Retail Sales
The Canadian dollar fell 0.28 percent on Friday after the US dollar got its mojo back on the back of the clarification of NY Fed President John Williams ...
>> Read more here
US Dollar Price Action Setups in EUR/USD, GBP/USD and AUD/USD
It was a wild week in US Dollar price action and with the Fed entering a blackout period ahead of the highly-expected rate hike later in the month, USD ...
>> Read more here
