-
Difference between Chinese Yuan and Chinese Renminbi | China Currency Name | Yuan vs Remnibi
#bearbull #finance #chineseyuan #chinesecurrency #remnibi
published: 01 Nov 2022
-
Why the renminbi can't rival the dollar's reserve status | FT
America enjoys an exorbitant privilege from the fact that the dollar is the world's reserve currency. China would like its currency to have the same status. Asia markets correspondent Hudson Lockett explains what China needs to do to make it happen.
See if you get the FT for free as a student (http://ft.com/schoolsarefree) or start a £1 trial: https://subs.ft.com/spa3_trial?segmentId=3d4ba81b-96bb-cef0-9ece-29efd6ef2132
► Check out our Community tab for more stories or to suggest videos.
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published: 13 Jan 2021
-
CHINA CURRENCY - THE RENMINBI OR YUAN
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The renminbi (abbreviated RMB; simplified Chinese: 人民币; traditional Chinese: 人民幣; pinyin: About this soundrénmínbì; literally: 'people's currency'; symbol: 元/¥; code: CNY) is the official currency of China, and one of the world's major reserve currencies. The yuan (Chinese: 元; pinyin: yuán) is the basic unit of the renminbi, but is also used to refer to the Chinese currency generally, especially in international conte...
published: 23 Apr 2020
-
It’s Over: The US Dollar Just Broke The Chinese Yuan
Dedollarization. Why is this word going around everywhere? Turns out, most likely, it's a propaganda campaign from China.
Weekly Live show The China Show - https://www.youtube.com/@thechinashow
My Secret Show - http://patreon.com/advpodcasts
◘ Support me on Patreon to talk to me directly and support my work - http://www.patreon.com/laowhy86
◘ Donate and support this channel through Paypal http://paypal.me/cmilkrun
Crypto support
◘ Bitcoin - bc1qrvvga0c4kn69rlte47q0tzrhugn9pf426tqhvm
◘ ETH - 0x456E5A9B875d4eF8DCb70eB1F7Fa376C520b206C
My documentaries -
◘ Conquering Northern China:
https://vimeo.com/ondemand/conqueringnorthernchina
◘ Conquering Southern China
https://vimeo.com/ondemand/conqueringsouthernchina
Weekly Live show The China Show - https://www.youtube.com/advpodcasts
ADVC...
published: 24 Apr 2023
-
What is RMB or renminbi?
Know more about RMB and the benefits of using this widely-used currency through Bank of China.
published: 19 Oct 2020
-
China's Global Rise: the Renminbi and the making of an international currency
This lecture will present why it has become imperative for China to increase the international use of its currency, the Renminbi (RMB), considering the growing reliance of the United States on economic warfare, including financial warfare, and the fracturing of the liberal global monetary order. #LSERenminbi
Speaker:
Dr Gregory T Chin
Chair:
Dr Gregory T Chin
Full details/attend: https://www.lse.ac.uk/Events/2022/11/202211151830/china
To turn on captions, go to the bottom-right of the video player and click the icon. Please note that this feature uses Automatic Speech Recognition (ASR) technology, or machine generated transcription, and is not 100% accurate.
published: 15 Nov 2022
-
Bad News For Xi—Why The Chinese Yuan Will Not Replace The US Dollar As The World's Reserve Currency
Steve Forbes explains why the Chinese Yuan will not replace the US Dollar s the world's reserve currency.
Read the full story on Forbes:
Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1
Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:
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Stay Connected
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published: 13 Apr 2023
-
Can the Chinese YUAN win the WAR against the DOLLAR? [And one more alternative]
Check out NordVPN and get a 2-year plan plus 4 months for free by going to https://nordvpn.com/vpen
The offensive against the dominance of the dollar has begun. The dollar has been the basis of the world's financial and trading system since at least the Bretton Woods agreements in 1944. That's been almost eight decades now, and guess what? Now the urgency to overcome the dominance of the dollar seems increasingly evident among dictatorships and emerging economies.
The question is: to what extent is the hegemony of the dollar in danger? Will the Yuan be its new alternative? Is there any currency that could potentially rattle the financial foundations of Uncle Sam? What consequences could this campaign have? Well, in this new VisualPolitik video we answer all these questions.
Join the V...
published: 24 May 2023
-
Trying China’s Digital Yuan e-CNY
China debuted its digital yuan to foreign visitors and athletes at the Beijing Winter Olympics. The e-CNY is a centralized, cash-like digital currency that will mostly be used for retail payments. The electronic yuan is one of the only so-called central bank digital currencies offered by a major economy. Bloomberg’s Kurumi Mori reports from inside the Olympics bubble in Beijing.
Like this video? Subscribe: https://bit.ly/3iERrup
#Yuan #China #Explained
Bloomberg Quicktake is a global streaming news network for a new generation of leaders and professionals. Our coverage spans your whole world, from your career ambitions to your personal passions and larger societal concerns. We provide the insights you need to make sense of the trends and stories changing your business and your world.
B...
published: 18 Feb 2022
-
Why the fall of China's renminbi matters
The renminbi has fallen to its lowest level against the dollar since December amid escalating trade tensions with the US. The FT's Roger Blitz explains the currency's fall and why it matters – in 90 seconds.
published: 27 Jun 2018
4:57
Why the renminbi can't rival the dollar's reserve status | FT
America enjoys an exorbitant privilege from the fact that the dollar is the world's reserve currency. China would like its currency to have the same status. Asi...
America enjoys an exorbitant privilege from the fact that the dollar is the world's reserve currency. China would like its currency to have the same status. Asia markets correspondent Hudson Lockett explains what China needs to do to make it happen.
See if you get the FT for free as a student (http://ft.com/schoolsarefree) or start a £1 trial: https://subs.ft.com/spa3_trial?segmentId=3d4ba81b-96bb-cef0-9ece-29efd6ef2132
► Check out our Community tab for more stories or to suggest videos.
► Listen to our podcasts: https://www.ft.com/podcasts
► Follow us on Instagram: https://www.instagram.com/financialtimes
https://wn.com/Why_The_Renminbi_Can't_Rival_The_Dollar's_Reserve_Status_|_Ft
America enjoys an exorbitant privilege from the fact that the dollar is the world's reserve currency. China would like its currency to have the same status. Asia markets correspondent Hudson Lockett explains what China needs to do to make it happen.
See if you get the FT for free as a student (http://ft.com/schoolsarefree) or start a £1 trial: https://subs.ft.com/spa3_trial?segmentId=3d4ba81b-96bb-cef0-9ece-29efd6ef2132
► Check out our Community tab for more stories or to suggest videos.
► Listen to our podcasts: https://www.ft.com/podcasts
► Follow us on Instagram: https://www.instagram.com/financialtimes
- published: 13 Jan 2021
- views: 42311
1:09
CHINA CURRENCY - THE RENMINBI OR YUAN
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C...
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The renminbi (abbreviated RMB; simplified Chinese: 人民币; traditional Chinese: 人民幣; pinyin: About this soundrénmínbì; literally: 'people's currency'; symbol: 元/¥; code: CNY) is the official currency of China, and one of the world's major reserve currencies. The yuan (Chinese: 元; pinyin: yuán) is the basic unit of the renminbi, but is also used to refer to the Chinese currency generally, especially in international contexts where "Chinese yuan" is widely used to refer to the renminbi. The distinction between renminbi and yuan is that renminbi is the name of the currency and yuan refers to its primary unit. One yuan is subdivided into 10 jiao (Chinese: 角; pinyin: jiǎo), and a jiao in turn is subdivided into 10 fen (Chinese: 分; pinyin: fēn). The renminbi is issued by the People's Bank of China, the monetary authority of China.
The renminbi is sometimes referred to as the redback in the US financial press.
Until 2005, the value of the renminbi was pegged to the US dollar. As China pursued its transition from central planning to a market economy and increased its participation in foreign trade, the renminbi was devalued to increase the competitiveness of Chinese industry. It has previously been claimed that the renminbi's official exchange rate was undervalued by as much as 37.5% against its purchasing power parity. However more recently, appreciation actions by the Chinese government, as well as quantitative easing measures taken by the American Federal Reserve and other major central banks, have caused the renminbi to be within as little as 8% of its equilibrium value by the second half of 2012. Since 2006, the renminbi exchange rate has been allowed to float in a narrow margin around a fixed base rate determined with reference to a basket of world currencies. The Chinese government has announced that it will gradually increase the flexibility of the exchange rate. As a result of the rapid internationalization of the renminbi, it became the world's 8th most traded currency in 2013, 5th by 2015,[10] but 6th in 2019.
On 1 October 2016, the RMB became the first emerging market currency to be included in the IMF's special drawing rights basket, the basket of currencies used by the IMF (reserve currency)
Source: Wikipedia
Link: https://en.wikipedia.org/wiki/Renminbi
# CHINA MONEY
# CHINESE MONEY
# CHINESE RENMINBI
# CHINA RENMINBI
# CHINESE CURRENCY NAME
# CHINESE CURRENCY NOTES
https://wn.com/China_Currency_The_Renminbi_Or_Yuan
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The renminbi (abbreviated RMB; simplified Chinese: 人民币; traditional Chinese: 人民幣; pinyin: About this soundrénmínbì; literally: 'people's currency'; symbol: 元/¥; code: CNY) is the official currency of China, and one of the world's major reserve currencies. The yuan (Chinese: 元; pinyin: yuán) is the basic unit of the renminbi, but is also used to refer to the Chinese currency generally, especially in international contexts where "Chinese yuan" is widely used to refer to the renminbi. The distinction between renminbi and yuan is that renminbi is the name of the currency and yuan refers to its primary unit. One yuan is subdivided into 10 jiao (Chinese: 角; pinyin: jiǎo), and a jiao in turn is subdivided into 10 fen (Chinese: 分; pinyin: fēn). The renminbi is issued by the People's Bank of China, the monetary authority of China.
The renminbi is sometimes referred to as the redback in the US financial press.
Until 2005, the value of the renminbi was pegged to the US dollar. As China pursued its transition from central planning to a market economy and increased its participation in foreign trade, the renminbi was devalued to increase the competitiveness of Chinese industry. It has previously been claimed that the renminbi's official exchange rate was undervalued by as much as 37.5% against its purchasing power parity. However more recently, appreciation actions by the Chinese government, as well as quantitative easing measures taken by the American Federal Reserve and other major central banks, have caused the renminbi to be within as little as 8% of its equilibrium value by the second half of 2012. Since 2006, the renminbi exchange rate has been allowed to float in a narrow margin around a fixed base rate determined with reference to a basket of world currencies. The Chinese government has announced that it will gradually increase the flexibility of the exchange rate. As a result of the rapid internationalization of the renminbi, it became the world's 8th most traded currency in 2013, 5th by 2015,[10] but 6th in 2019.
On 1 October 2016, the RMB became the first emerging market currency to be included in the IMF's special drawing rights basket, the basket of currencies used by the IMF (reserve currency)
Source: Wikipedia
Link: https://en.wikipedia.org/wiki/Renminbi
# CHINA MONEY
# CHINESE MONEY
# CHINESE RENMINBI
# CHINA RENMINBI
# CHINESE CURRENCY NAME
# CHINESE CURRENCY NOTES
- published: 23 Apr 2020
- views: 9747
21:59
It’s Over: The US Dollar Just Broke The Chinese Yuan
Dedollarization. Why is this word going around everywhere? Turns out, most likely, it's a propaganda campaign from China.
Weekly Live show The China Show - ht...
Dedollarization. Why is this word going around everywhere? Turns out, most likely, it's a propaganda campaign from China.
Weekly Live show The China Show - https://www.youtube.com/@thechinashow
My Secret Show - http://patreon.com/advpodcasts
◘ Support me on Patreon to talk to me directly and support my work - http://www.patreon.com/laowhy86
◘ Donate and support this channel through Paypal http://paypal.me/cmilkrun
Crypto support
◘ Bitcoin - bc1qrvvga0c4kn69rlte47q0tzrhugn9pf426tqhvm
◘ ETH - 0x456E5A9B875d4eF8DCb70eB1F7Fa376C520b206C
My documentaries -
◘ Conquering Northern China:
https://vimeo.com/ondemand/conqueringnorthernchina
◘ Conquering Southern China
https://vimeo.com/ondemand/conqueringsouthernchina
Weekly Live show The China Show - https://www.youtube.com/advpodcasts
ADVChina - https://www.youtube.com/advchina
SerpentZA - https://www.youtube.com/serpentza
China Fact Chasers - https://www.youtube.com/c/ChinaFactChasers
◘ Donate and support this channel through Paypal http://paypal.me/cmilkrun
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Sources -
https://www.shfe.com.cn/upload/20220830/1661841439392.pdf
https://www.bis.org/statistics/rpfx22_fx.htm
https://news.cgtn.com/news/2023-04-06/What-is-driving-the-De-Dollarization-train-to-full-speed--1iMBKVkvniw/index.html
https://newsus.cgtn.com/news/2023-04-05/Explaining-De-dollarization-1iJRvrCjRv2/index.htmlhttps://news.cgtn.com/news/2023-04-07/De-dollarization-is-underway-1iOa6gEghdm/index.html
https://news.cgtn.com/news/2023-04-21/U-S-weaponizing-dollar-speeds-up-global-de-dollarization-U-S-expert-1jbDRJhuJFu/index.html
http://www.news.cn/world/2023-04/13/c_1212044826.htm
https://finance.sina.com.cn/stock/hkstock/ggscyd/2023-04-18/doc-imyquvxk8672926.shtml
https://opinion.huanqiu.com/article/4CYryj8DP7v
https://guce.yahoo.com/consent?brandType=nonEu&gcrumb=bLCKIXg&done=https%3A%2F%2Ffinance.yahoo.com%2Fnews%2Fdollarization-started-odds-chinas-yuan-020938603.html
https://www.facebook.com/realcarrickryan/
https://wn.com/It’S_Over_The_US_Dollar_Just_Broke_The_Chinese_Yuan
Dedollarization. Why is this word going around everywhere? Turns out, most likely, it's a propaganda campaign from China.
Weekly Live show The China Show - https://www.youtube.com/@thechinashow
My Secret Show - http://patreon.com/advpodcasts
◘ Support me on Patreon to talk to me directly and support my work - http://www.patreon.com/laowhy86
◘ Donate and support this channel through Paypal http://paypal.me/cmilkrun
Crypto support
◘ Bitcoin - bc1qrvvga0c4kn69rlte47q0tzrhugn9pf426tqhvm
◘ ETH - 0x456E5A9B875d4eF8DCb70eB1F7Fa376C520b206C
My documentaries -
◘ Conquering Northern China:
https://vimeo.com/ondemand/conqueringnorthernchina
◘ Conquering Southern China
https://vimeo.com/ondemand/conqueringsouthernchina
Weekly Live show The China Show - https://www.youtube.com/advpodcasts
ADVChina - https://www.youtube.com/advchina
SerpentZA - https://www.youtube.com/serpentza
China Fact Chasers - https://www.youtube.com/c/ChinaFactChasers
◘ Donate and support this channel through Paypal http://paypal.me/cmilkrun
◘ OR Become a Sponsor on YouTube:
https://www.youtube.com/channel/UChvithwOECK5g_19TjldMKw/sponsor
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Be a Laowinner!
Like comment subscribe!
◘ Facebook:
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Sources -
https://www.shfe.com.cn/upload/20220830/1661841439392.pdf
https://www.bis.org/statistics/rpfx22_fx.htm
https://news.cgtn.com/news/2023-04-06/What-is-driving-the-De-Dollarization-train-to-full-speed--1iMBKVkvniw/index.html
https://newsus.cgtn.com/news/2023-04-05/Explaining-De-dollarization-1iJRvrCjRv2/index.htmlhttps://news.cgtn.com/news/2023-04-07/De-dollarization-is-underway-1iOa6gEghdm/index.html
https://news.cgtn.com/news/2023-04-21/U-S-weaponizing-dollar-speeds-up-global-de-dollarization-U-S-expert-1jbDRJhuJFu/index.html
http://www.news.cn/world/2023-04/13/c_1212044826.htm
https://finance.sina.com.cn/stock/hkstock/ggscyd/2023-04-18/doc-imyquvxk8672926.shtml
https://opinion.huanqiu.com/article/4CYryj8DP7v
https://guce.yahoo.com/consent?brandType=nonEu&gcrumb=bLCKIXg&done=https%3A%2F%2Ffinance.yahoo.com%2Fnews%2Fdollarization-started-odds-chinas-yuan-020938603.html
https://www.facebook.com/realcarrickryan/
- published: 24 Apr 2023
- views: 529920
6:40
What is RMB or renminbi?
Know more about RMB and the benefits of using this widely-used currency through Bank of China.
Know more about RMB and the benefits of using this widely-used currency through Bank of China.
https://wn.com/What_Is_Rmb_Or_Renminbi
Know more about RMB and the benefits of using this widely-used currency through Bank of China.
- published: 19 Oct 2020
- views: 15330
1:30:15
China's Global Rise: the Renminbi and the making of an international currency
This lecture will present why it has become imperative for China to increase the international use of its currency, the Renminbi (RMB), considering the growing ...
This lecture will present why it has become imperative for China to increase the international use of its currency, the Renminbi (RMB), considering the growing reliance of the United States on economic warfare, including financial warfare, and the fracturing of the liberal global monetary order. #LSERenminbi
Speaker:
Dr Gregory T Chin
Chair:
Dr Gregory T Chin
Full details/attend: https://www.lse.ac.uk/Events/2022/11/202211151830/china
To turn on captions, go to the bottom-right of the video player and click the icon. Please note that this feature uses Automatic Speech Recognition (ASR) technology, or machine generated transcription, and is not 100% accurate.
https://wn.com/China's_Global_Rise_The_Renminbi_And_The_Making_Of_An_International_Currency
This lecture will present why it has become imperative for China to increase the international use of its currency, the Renminbi (RMB), considering the growing reliance of the United States on economic warfare, including financial warfare, and the fracturing of the liberal global monetary order. #LSERenminbi
Speaker:
Dr Gregory T Chin
Chair:
Dr Gregory T Chin
Full details/attend: https://www.lse.ac.uk/Events/2022/11/202211151830/china
To turn on captions, go to the bottom-right of the video player and click the icon. Please note that this feature uses Automatic Speech Recognition (ASR) technology, or machine generated transcription, and is not 100% accurate.
- published: 15 Nov 2022
- views: 96184
3:44
Bad News For Xi—Why The Chinese Yuan Will Not Replace The US Dollar As The World's Reserve Currency
Steve Forbes explains why the Chinese Yuan will not replace the US Dollar s the world's reserve currency.
Read the full story on Forbes:
Subscribe to FORBES:...
Steve Forbes explains why the Chinese Yuan will not replace the US Dollar s the world's reserve currency.
Read the full story on Forbes:
Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1
Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:
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https://wn.com/Bad_News_For_Xi—Why_The_Chinese_Yuan_Will_Not_Replace_The_US_Dollar_As_The_World's_Reserve_Currency
Steve Forbes explains why the Chinese Yuan will not replace the US Dollar s the world's reserve currency.
Read the full story on Forbes:
Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1
Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:
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More From Forbes: http://forbes.com
Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.
- published: 13 Apr 2023
- views: 319916
19:01
Can the Chinese YUAN win the WAR against the DOLLAR? [And one more alternative]
Check out NordVPN and get a 2-year plan plus 4 months for free by going to https://nordvpn.com/vpen
The offensive against the dominance of the dollar has begu...
Check out NordVPN and get a 2-year plan plus 4 months for free by going to https://nordvpn.com/vpen
The offensive against the dominance of the dollar has begun. The dollar has been the basis of the world's financial and trading system since at least the Bretton Woods agreements in 1944. That's been almost eight decades now, and guess what? Now the urgency to overcome the dominance of the dollar seems increasingly evident among dictatorships and emerging economies.
The question is: to what extent is the hegemony of the dollar in danger? Will the Yuan be its new alternative? Is there any currency that could potentially rattle the financial foundations of Uncle Sam? What consequences could this campaign have? Well, in this new VisualPolitik video we answer all these questions.
Join the VisualPolitik community and support us on Patreon: https://www.patreon.com/VisualPolitik
https://wn.com/Can_The_Chinese_Yuan_Win_The_War_Against_The_Dollar_And_One_More_Alternative
Check out NordVPN and get a 2-year plan plus 4 months for free by going to https://nordvpn.com/vpen
The offensive against the dominance of the dollar has begun. The dollar has been the basis of the world's financial and trading system since at least the Bretton Woods agreements in 1944. That's been almost eight decades now, and guess what? Now the urgency to overcome the dominance of the dollar seems increasingly evident among dictatorships and emerging economies.
The question is: to what extent is the hegemony of the dollar in danger? Will the Yuan be its new alternative? Is there any currency that could potentially rattle the financial foundations of Uncle Sam? What consequences could this campaign have? Well, in this new VisualPolitik video we answer all these questions.
Join the VisualPolitik community and support us on Patreon: https://www.patreon.com/VisualPolitik
- published: 24 May 2023
- views: 106729
2:16
Trying China’s Digital Yuan e-CNY
China debuted its digital yuan to foreign visitors and athletes at the Beijing Winter Olympics. The e-CNY is a centralized, cash-like digital currency that will...
China debuted its digital yuan to foreign visitors and athletes at the Beijing Winter Olympics. The e-CNY is a centralized, cash-like digital currency that will mostly be used for retail payments. The electronic yuan is one of the only so-called central bank digital currencies offered by a major economy. Bloomberg’s Kurumi Mori reports from inside the Olympics bubble in Beijing.
Like this video? Subscribe: https://bit.ly/3iERrup
#Yuan #China #Explained
Bloomberg Quicktake is a global streaming news network for a new generation of leaders and professionals. Our coverage spans your whole world, from your career ambitions to your personal passions and larger societal concerns. We provide the insights you need to make sense of the trends and stories changing your business and your world.
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https://wn.com/Trying_China’S_Digital_Yuan_E_CNY
China debuted its digital yuan to foreign visitors and athletes at the Beijing Winter Olympics. The e-CNY is a centralized, cash-like digital currency that will mostly be used for retail payments. The electronic yuan is one of the only so-called central bank digital currencies offered by a major economy. Bloomberg’s Kurumi Mori reports from inside the Olympics bubble in Beijing.
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- published: 18 Feb 2022
- views: 15009
1:31
Why the fall of China's renminbi matters
The renminbi has fallen to its lowest level against the dollar since December amid escalating trade tensions with the US. The FT's Roger Blitz explains the curr...
The renminbi has fallen to its lowest level against the dollar since December amid escalating trade tensions with the US. The FT's Roger Blitz explains the currency's fall and why it matters – in 90 seconds.
https://wn.com/Why_The_Fall_Of_China's_Renminbi_Matters
The renminbi has fallen to its lowest level against the dollar since December amid escalating trade tensions with the US. The FT's Roger Blitz explains the currency's fall and why it matters – in 90 seconds.
- published: 27 Jun 2018
- views: 16474