Tag Archives: china

What does the escalating trade rivalry mean for business?

What does the escalating trade rivalry mean for business?

The bruising trade disputes between the largest two economies in the world – US and China are weighing heavily on global businesses. A dovish prospect of a trade deal has recently been reversed into a hawkish escalation towards an all-out trade war. Recently, President Trump announced tariff increase from 10% to 25% on $200 billion… Read more

The dragon stirs: RMB on track to squeeze dollar

The dragon stirs: RMB on track to squeeze dollar

The rise of the Chinese renminbi (RMB) and its increasing importance in cross-border trades has accelerated since the Great Financial Crisis hit the west in 2008-2009. Since then, the US economy has experienced a number of problems in the long-term such as: Unsustainable fiscal deficit; Lowering growth of GDP; Weakening of US Dollar against other… Read more