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Not, that I want to get too political, but this video that is playing all across China pretty much says it all. ItÂ’s all about the Trump Trade War. And it shows how the Chinese feel about it. This post is about a movie that is playing all over China this Summer. It is allegorical. While it is a story about a British Boxing champion, and his involvement within China, there are very CLEAR parallels about what is going on in the Trump Tariff situation. China has this alligorical movie about the Trump USA trade war with China that has...

HONG KONG--The International Monetary Fund on Monday designated the Chinese renminbi as one of the world's elite currencies, a major milestone that underscores the country's rising financial and economic heft. The decision will help pave the way for broader use of the renminbi in trade and finance, securing China's standing as a global economic power. Just four other currencies--the dollar, the euro, the pound and the yen--have the I.M.F. designation...Many central banks follow this benchmark in building their reserves, which countries hold to help protect their economies in times of trouble. By adding the renminbi to this group, the I.M.F....

HONG KONG — The International Monetary Fund on Monday approved the Chinese renminbi as one of the world’s main central bank reserve currencies, a major acknowledgement of the country’s rising financial and economic heft. The I.M.F. decision will help pave the way for broader use of the renminbi in trade and finance, securing China’s standing as a global economic power. But it also introduces new uncertainty into China’s economy and financial system, as the country was forced to relax many currency controls to meet the I.M.F. requirements. The changes could inject volatility into the Chinese economy, since large flows of...

An unidentified man who stuck real 100-yuan notes on the front of his clothes and wore and ancient Chinese shackle makes a statement in Kunming, Yunan Province Wednesday. A sign on his back reads: "Is money everything?" Local security guards tried, but failed, to remove him. He told onlookers that his aim was to say that "money has become a yoke of the present generation." But godliness with contentment is great gain. For we brought nothing into this world, and it is certain we can carry nothing out. And having food and raiment let us be therewith content. But they...

Asia: what if RMB yuan appreciated The appreciation of RMB yuan will incur more disadvantages than advantages to the sustainable development of the Chinese economy, nor will it help improve the Japanese and American economies. It will hurt rather than promote the recovery and stable development of the Asian economy. All these give no reason to RMB appreciation, particularly a sharp appreciation at the present moment. Much talking is swirling around the world on the yuan appreciation these days. Countries like Japan and the US are pressing China hard to adjust its exchange rates to push the yuan value higher....