Showing 13 to 20 of 20 results
Hong Kong Ordinance Opens Door for Renminbi-Backed Stablecoins
Hong Kong's new Stablecoins Ordinance, effective August 1st, creates a legal framework for renminbi-backed stablecoins, potentially boosting China's influence in the global digital currency system, while the US Senate passed the GENIUS Act to regulate stablecoins domestically.
Hong Kong Ordinance Opens Door for Renminbi-Backed Stablecoins
Hong Kong's new Stablecoins Ordinance, effective August 1st, creates a legal framework for renminbi-backed stablecoins, potentially boosting China's influence in the global digital currency system, while the US Senate passed the GENIUS Act to regulate stablecoins domestically.
Progress
48% Bias Score
China Accelerates Renminbi Internationalization, Reducing US Dollar Dependence
China and several developing economies are expanding local currency settlement cooperation, including integrating the renminbi into the ASEAN+3 Rapid Financing Facility and establishing a stablecoin framework in Hong Kong, reducing reliance on the US dollar and promoting global financial stability.
China Accelerates Renminbi Internationalization, Reducing US Dollar Dependence
China and several developing economies are expanding local currency settlement cooperation, including integrating the renminbi into the ASEAN+3 Rapid Financing Facility and establishing a stablecoin framework in Hong Kong, reducing reliance on the US dollar and promoting global financial stability.
Progress
48% Bias Score
US Tariffs Risk Boosting Renminbi as Dollar Weakens
The United States' new tariffs, raising recession risks and disrupting global trade, may unintentionally boost alternative currencies like the Chinese renminbi, as economists warn of reduced US dollar liquidity and a weakening dollar index (down 4.94 percent year-to-date).
US Tariffs Risk Boosting Renminbi as Dollar Weakens
The United States' new tariffs, raising recession risks and disrupting global trade, may unintentionally boost alternative currencies like the Chinese renminbi, as economists warn of reduced US dollar liquidity and a weakening dollar index (down 4.94 percent year-to-date).
Progress
48% Bias Score
RMB Depreciation Primarily Driven by Strong US Dollar
The Chinese renminbi's recent slight depreciation is primarily attributed to a strengthening US dollar, impacting global currencies, not due to changes in China's economic policy or fundamentals; however, the market remains concerned about potential US tariffs and China's economic growth.
RMB Depreciation Primarily Driven by Strong US Dollar
The Chinese renminbi's recent slight depreciation is primarily attributed to a strengthening US dollar, impacting global currencies, not due to changes in China's economic policy or fundamentals; however, the market remains concerned about potential US tariffs and China's economic growth.
Progress
36% Bias Score
Hong Kong Ordinance Opens Door for Renminbi-Backed Stablecoins
Hong Kong's new Stablecoins Ordinance, effective August 1, creates a legal pathway for offshore renminbi-backed stablecoins, potentially challenging the US dollar's dominance and reshaping the global digital currency landscape, as the US also seeks to regulate stablecoins domestically.
Hong Kong Ordinance Opens Door for Renminbi-Backed Stablecoins
Hong Kong's new Stablecoins Ordinance, effective August 1, creates a legal pathway for offshore renminbi-backed stablecoins, potentially challenging the US dollar's dominance and reshaping the global digital currency landscape, as the US also seeks to regulate stablecoins domestically.
Progress
48% Bias Score
China Favors Stimulus Over Currency Devaluation to Counter US Tariffs
Facing significant export challenges due to US tariffs, leading Chinese economists advocate for a 1 trillion yuan ($137.2 billion) stimulus package to boost domestic consumption, rather than renminbi devaluation, to mitigate negative economic and geopolitical consequences.
China Favors Stimulus Over Currency Devaluation to Counter US Tariffs
Facing significant export challenges due to US tariffs, leading Chinese economists advocate for a 1 trillion yuan ($137.2 billion) stimulus package to boost domestic consumption, rather than renminbi devaluation, to mitigate negative economic and geopolitical consequences.
Progress
40% Bias Score
US Tariffs Risk Global Recession, Boosting Yuan
The United States' new tariffs, potentially triggering a global recession, are inadvertently strengthening alternative currencies such as the Chinese yuan, according to experts, who warn of a repeat of the 1930s Great Depression.
US Tariffs Risk Global Recession, Boosting Yuan
The United States' new tariffs, potentially triggering a global recession, are inadvertently strengthening alternative currencies such as the Chinese yuan, according to experts, who warn of a repeat of the 1930s Great Depression.
Progress
48% Bias Score
Yuan Expected to Rebound Despite Short-Term Pressures
Despite short-term pressure from US tariffs and a strong dollar, the Chinese yuan, currently at 7.3231 against the dollar, is expected to rebound due to high labor productivity, $3.2024 trillion in foreign exchange reserves, and government policy support.
Yuan Expected to Rebound Despite Short-Term Pressures
Despite short-term pressure from US tariffs and a strong dollar, the Chinese yuan, currently at 7.3231 against the dollar, is expected to rebound due to high labor productivity, $3.2024 trillion in foreign exchange reserves, and government policy support.
Progress
44% Bias Score
Showing 13 to 20 of 20 results