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Chinese markets are in trouble once again.
China’s currency is down nearly 1% from Friday’s close, wiping out the yuan’s gains for the year, after the People’s Bank of China cut reserve requirements for banks over the weekend. Slowing growth and rising trade tensions are pummeling Chinese shares, with the Shanghai Composite entering a bear market Tuesday. And rising defaults are testing the country's gargantuan debt market.
https://www.wsj.com/articles/has-the-big-yuan-short-finally-arrived-1530005935
China’s yuan fixing on Tuesday gave a hint that the nation’s authorities may be growing concerned about the pace of the currency’s decline, according to Royal Bank of Canada.
https://www.bloomberg.com/news/arti...y-may-be-sign-china-is-wary-of-slump-rbc-says
Man, I'm no fan of China, but this is fake news.
The blatant increase in anti-china media stories since the trade issue started building steam, is ham handed, and why I hate the media.
When 10 out of 10 stories about China, go from China's unparralelled growth, and the new Chinese century, to China's rising economy is crashing, that is called propaganda.
When 10% GDP growth is a crashing economy, here is your sign.