Related Posts
US-China Strategic Competition Unchecked is Headed For Disaster
The world's two largest powers are on a collision course. Strategic competition between the United States and China is ratcheting up, driven by both countries' nationalism and psychologies of exceptionalism and righteousness which make it difficult to show weakness or back down in the face of perceived affronts to their dignity or interests.
Four Years into The Trade War, Are the US and China Decoupling?
US imports of some Chinese products have tanked. Others are higher than ever. How Trump's selective trade war continues to matter.
Semiconductor Tensions Chip Away at Cross-Strait Relations
The escalating US–China technology rivalry and global chip shortage make Taiwan's role as a leading global supplier of semiconductors strategically and economically important to both powers.
Biden's Strategy Traces the Cold War's Mental Map
Within days of each other, revealing portraits of the United States and China have been unveiled. In Washington, the Biden administration released its national security strategy.
What Do U.S. Curbs on Selling Microchips to China Mean for the Global Economy?
Washington's ban on hi-tech exports to China marks a huge gambit for economic supremacy for the next decades.
Africa Risks Losing Out on Trade as Rich Countries Cement Relationships With Trusted Partners
Over the past few years, the world's supply chains have been strained and disrupted by the COVID pandemic, Russia's invasion of Ukraine, and rising geopolitical tensions. These started with the US-China trade war and then intensified following the war in Ukraine.
How Will the PBOC Respond to the Short-Selling of RMB Exchange Rate?
Even if you are only a foreign exchange bystander, yesterday's market is also enough to leave you with an aftertaste. In the daytime, U.S. Treasury yields broke 4%, and the dollar broke above 7.26 against the yuan. Then the People's Bank of China (PBOC), China's central bank, intervened, driving the dollar to fall to 7.22 against the yuan. Next, the market may be concerned about what the PBOC will do, and then wait and see.
Where Will USDCNY Exchange Rate Go？
Regarding the foreign exchange market this year, the tightening of the Fed spawned a strong USD, and global currencies have fallen to varying degrees. CNY depreciated from around 6.37 at the beginning of the year to 7.09 against USD, a depreciation of more than 10% again, but the depreciation is still moderate compared to many other currencies. Besides, the U.S. interest rate hike schedule is basically set during the year, that is, the federal funds rate at the end of the year is 4-4.25%. In post-pandemic China's financial and economic environment, where will the CNY go? Probably there is still a long way to go before the termination of depreciation, but it is not appropriate to be over bearish on the CNY.
Biden Says U.S. Would Defend Taiwan in 'Unprecedented Attack'
U.S. military forces would defend Taiwan if there is "an unprecedented attack", President Joe Biden said, underscoring America's commitment to the island.
Biden to Hit China with Broader Curbs on U.S. Chip and Tool Exports
The Biden administration plans next month to broaden curbs on U.S shipments to China of semiconductors used for artificial intelligence and chipmaking tools, several people familiar with the matter said.
View More
