“The move came as April exports blew past expectations, which appeared on the surface to indicate that both China’s economy and global demand were on the mend. But economists were quick to suspect the figures were artificially inflated by investors who were disguising speculative bets on the yuan currency as trade payments. Faced with the risk that such inflows could cause the yuan to appreciate so quickly that it destabilizes exports and the broader economy, the People’s Bank of China (PBOC) has begun intervening heavily in the domestic currency market this year, buying up dollars and selling yuan.”
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
(Visited 26 times, 1 visits today)
Related posts:
Snowden Gets Whistleblower Award in Germany
Eric Holder Owes the American People an Apology
Guitarist completes first-ever paddleboard journey from Cuba to U.S.
Glenn Greenwald Tears Into Toobin Over Manning, Snowden
Cashless trend is redefining money, and a central bank's role as printer
Wikipedia founder Jimmy Wales blasts UK Internet snooping
U.S. transport ship with hundreds of Marines deployed to the Mediterranean
4.5 million electronic health records from 20 hospitals compromised
Rare trees turned into firewood as Syrian civilians struggle for warmth
One Million Children Labor in Africa's Goldmines
Edward Snowden's letter to the president of Ecuador
If I Bribe City Hall, Can I Reduce My Mortgage?
Federal Housing Finance Agency Unveils Plan to Loosen Mortgage Rules
Seattle ICE attorney charged with stealing immigrants' identities
White House seeks to enlist Silicon Valley to 'disrupt radicalization'