Last year, steep declines in Chinese stocks were periodically followed by dramatic, if less severe, declines in U.S. and European stocks.
On 2016’s first day of trading, it’s more of the same.
Tag Archives: China Economy
China’s Yuan To Become A Main Reserve Currency
The Chinese yuan will join a basket of the world’s leading currencies, the International Monetary Fund announced Monday.
Continue reading China’s Yuan To Become A Main Reserve Currency
China Tries To Pick Itself Up After Astounding Stock Market Dive
China’s central bank announced Saturday the fourth round of interest cuts in seven months and lower deposit-reserve ratios for some banks to lend to small and rural businesses, as Beijing tries to shore up the country’s sluggish economy.
Continue reading China Tries To Pick Itself Up After Astounding Stock Market Dive
The Fat Cat Collective 