Chinese Companies Caught in Yuan Riptide

China’s decision to squeeze speculators out of its currency is causing pain for local companies and individual investors. The yuan fell on Monday to its lowest level in 10 months against the dollar after the government over the weekend doubled the currency’s daily trading range. The decision, foreshadowed by months of hints by Chinese officials, […]

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China Could Use Gold To Internationalise Yuan

Concerns about high debt and an overvalued currency have driven gold imports into China, according to Lombard Street Research. Lombard added that Chinese authorities could be preparing to use gold in a plan to make the yuan an international currency. China has made progress with the yuan in recent years. The currency – also known […]

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