Ray Dalio is a bigtime China bull, even as the trade war intensifies.
— Read on www.marketwatch.com/story/hedge-fund-billionaire-dont-miss-out-on-this-historic-investment-opportunity-2019-08-07
Tag: China
China PBOC sets yuan midpoint at 6.9996 per dollar on 7 August 2019
China’s central bank set the official midpoint reference for the yuan at 6.9996 — stronger than 7 per dollar on Wednesday — two days after Washington labeled Beijing a currency manipulator.
— Read on www.cnbc.com/2019/08/07/china-pboc-yuan-midpoint-on-7-august-2019.html
Bridgewater’s Ray Dalio backs China despite trade war escalation
The founder of the world’s largest hedge fund has urged investors to bet on “both horses in the race” amid rising U.S.-China trade tensions.
— Read on www.cnbc.com/2019/08/07/bridgewaters-ray-dalio-backs-china-despite-trade-war-escalation.html
Kyle Bass hits China’s banking system, warns of potential crisis
J. Kyle Bass, the CIO of Hayman Capital Management, says that China could face a problem that’s three to four times bigger than the 2008 subprime crisis if the global economy enters a recession.
— Read on ca.finance.yahoo.com/news/kyle-bass-hits-chinas-banking-system-warns-of-potential-crisis-030801392.html
China Capital-Flight Fears Hang Over Yuan After Slide Past 7
(Bloomberg) — The retreat in China’s yuan to levels unseen since 2008 threatens to revive concerns about the capital flight back then that helped spur the country to spend $1 trillion of its reserves.For all its perceived success in tightening regulations and strengthening scrutiny of funds moving abroad
— Read on ca.finance.yahoo.com/news/fears-china-capital-flight-hang-160935169.html
Investor who called the Great Recession explains why China is fueling bitcoin’s rally
China allowing its currency to fall to its lowest value against the dollar in more than a decade is a plus for bitcoin, according to Hayman Capital Management founder Kyle Bass.
— Read on ca.finance.yahoo.com/news/china-is-fueling-bitcoins-rally-explains-kyle-bass-090526041.html
US-China trade war: Currency manipulator tag after yuan passes 7 level
Beijing allowed its currency, the yuan, to weaken to more than 7 per U.S. dollar — which led to the Trump administration labeling China a currency manipulator.
— Read on www.cnbc.com/2019/08/06/us-china-trade-war-currency-manipulator-tag-after-yuan-passes-7-level.html
China PBOC sets yuan midpoint at stronger than 7 per dollar
On Tuesday morning, the People’s Bank of China set the yuan fixing at 6.9683.
— Read on www.cnbc.com/2019/08/06/china-pboc-sets-yuan-midpoint-at-stronger-than-7-per-dollar.html
China’s yuan slides to weakest level in a decade | Reuters.com
China let its currency breach a key 7-per-dollar level Monday for the first time since the global financial crisis, a move that could spark further trade conflict with the United States. Ryan Brooks reports.}
— Read on www.reuters.com/video/2019/08/05/chinas-yuan-slides-to-weakest-level-in-a
China’s yuan sinks amid fears Beijing may give up on US trade talks
Leadership could be ‘weaponising’ its currency, says one analyst, as Asia markets sink to six-month low
— Read on www.msn.com/en-ca/money/topstories/chinas-yuan-sinks-amid-fears-beijing-may-give-up-on-us-trade-talks/ar-AAFmnoJ