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Chinese markets have had a bumpy start to the new year. Buffeted by the falling yuan and two days of stock exchange suspensions at the start of the month, the fluctuations have left the country’s legions of retail investors on edge. Unlike many western markets, where institutional investors like insurance and pension funds dominate, 80 percent of transactions in China’s markets are made by small investors. Many of them are retirees like He Meizhen, a […]
The depreciation of the Chinese currency yuan will have little impact on the country’s economy, said Wang Bao’an, director of the National Bureau of Statistics, on Tuesday. “The depreciation of renminbi is triggered by two factors, both domestic and foreign ones. One of them is the appreciation of the U.S. dollar. That’s a practical reflection in China. The appreciation of the U.S. dollar brings about the depreciation of renminbi. I think the depreciation of renminbi […]
GDP figures showing the Chinese economy grew at 6.8 percent in the final quarter of 2015 indicate a worrying downward trend, said an analyst on Tuesday (January 19), as the weakest growth since the financial crisis added pressure on the government to restore investor confidence. Concerns about China’s policy making ability have shot to the top of global investors’ risk lists for 2016 after a renewed plunge in its stock markets and yuan currency stoked […]
