Geopolitical shifts that are dividing the world could create problems for the US dollar, traditionally the dominant currency globally for trade and investment.
Chinese real estate investors might be more interested in investing in their homeland rather than Australia, given the changing market and regulations.
China’s foreign reserves are declining.
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China has introduced new currency and investment controls after foreign exchange reserves hit the lowest level since 2011. This could have a profound impact on our trading relationship.
Allowing China’s currency to go up and down with the market is one way to longer-term stabilisation.
Reuters/Kim Kyung-Hoon
The US may not like it, but by devaluing the yuan the People’s Bank of China has done what longtime critics of China’s currency policy have long been clamouring for.
China’s RMB has been deemed “no longer undervalued” by the International Monetary Fund. This is a milestone for the Chinese government, which is keen to bolster domestic consumption and make the RMB a…
Australia’s free trade deal with China will invariably boost bilateral trade and investment. But how trade and investment are settled also matters. Given the rise of the renminbi (RMB) in recent years…
A new dawn for Shanghai, which is now open for more international business.
Wolfgang Staudt
A direct link has been established between Hong Kong and Shanghai’s stock exchanges. The so-called Stock Connect means investors in Hong Kong can now buy shares listed on the Shanghai Stock Exchange via…
As Hong Kong’s position as China’s economic enabler fades, the island must embrace what it shares.
AAP/EPA/Alex Hofford/
“Nothing lasts forever – even the longest, most glittering reign must come to an end someday.” And so it was that Britain’s celebrated fictional Machiavellian mastermind Francis Urqhuart greeted viewers…
In the eye of the beholders, dollar dominance rules.
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In imploring the world to be less dependent on the US dollar for international transactions, French finance minister Michel Sapin is expressing a wish that many of the euro’s creators hoped would already…
A freer flow of money in and out of China presents opportunities for Australia.
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China has signalled its intention, reiterated in the recent Third Plenum, to open up its financial markets. This would be an important reform which carries significant risks and opportunities both for…
A currency conversion deal between Australia and China, which would allow the renminbi to be traded directly against the Australian dollar, would slash costs for thousands of businesses.
AAP
Julia Gillard leaves Australia for China tomorrow, her second trip to the Middle Kingdom as Prime Minister. As befits China’s status as Australia’s most important trading partner, the trip has attracted…