The renminbi posted its largest quarterly gain against the US dollar in 12 years, but on a trade-weighted basis, recent renminbi gains are less remarkable.
The phase one trade deal appears safe for now, and market participants appear unconcerned by US-China tensions on other issues.
Large-scale Chinese currency devaluation is unlikely, but the central bank has signaled a willingness to "lean against the wind" to restrain excessive appreciation.
The renminbi closed on 14 October at its strongest closing level against the US dollar since April 2019, driven by a large trade surpl
- October 15, 2020
- 19:27
CHINA: How far will the central bank go to resist renminbi appreciation?
Asia
Share on twitter
Share on whatsapp
Share on facebook
Share on linkedin
Share on email
Listen to our reports with a personalized podcasts through your Amazon Alexa or Apple devices audio translated into several languages
Contact report analysts
Speevr exclusive event
US Election Series 2020
Roundtable: GOP Data Scientists on Big Data and US Election Polling
Scott Tranter
Optimus Analytics
Tuesday 11th August 2020 at 12:00 ET / 17:00 UK
RSVP to secure your spot for this event
CHINA: Is the Communist Party Increasing Interference With Private Companies?
Teneo
October 19, 2020
( 4 mins read ) The Communist Party issued new guidelines calling for strengthening the party’s influence on privately-owned companies. The guidelines do not appear to signal an intention to interfere with day-to-day management of private companies, which party leaders
ASIA: Weekly Politics Update
Teneo
October 15, 2020
( 6 mins read ) Below is the weekly update of political developments across East Asia. Please do not hesitate to contact us if you want to discuss any of the countries mentioned in more detail. US/China: Impact of US
ASIA: RCEP trade pact is not a game changer for regional balance of power
Teneo
October 12, 2020
( 6 mins read ) Press play to listen The new Regional Comprehensive Economic Partnership trade pact will cover one third of global GDP but is less ambitious on reducing tariffs and non-tariff barriers than the Obama-era Trans-Pacific Partnership.Despite perceptions
ASIA: Weekly Politics Update
Teneo
October 8, 2020
( 7 mins read ) Below is the weekly update of political developments across East Asia. Please do not hesitate to contact us if you want to discuss any of the countries mentioned in more detail. US/China: Trump administration considers
CHINA: Which Chinese companies are too big to fail?
Teneo
October 7, 2020
( 6 mins read ) Press play to listen Rumors about financial distress at China’s largest property developer have raised questions about which companies Beijing considers too big to fail. Policymakers have become more selective about providing bailouts as they
US/CHINA: Google anti-monopoly probe shows Beijing’s approach to retaliation
Teneo
October 5, 2020
( 3 mins read ) Press play to listen Chinese market regulators are reportedly considering an anti-trust investigation against Google for allegedly exploiting control over the Android mobile operating system to suppress competition. Though details remain sketchy, the action against
EUROPE/CHINA: Strategic autonomy and technology issues
Teneo
October 1, 2020
( 6 mins read ) Press play to listen Amid Beijing’s generally more assertive foreign policy, there is rising media speculation that China’s leadership is increasingly willing to consider a military attack on Taiwan. But despite saber-rattling, there is little
ASIA: Weekly politics update
Teneo
October 1, 2020
( 6 mins read ) Press play to listen Below is the weekly update of political developments across East Asia. Please do not hesitate to contact us if you want to discuss any of the countries mentioned in more detail.
US/CHINA: How would Biden’s policy on China differ from Trump’s?
Teneo
October 1, 2020
( 6 mins read ) Press play to listen The Biden campaign has largely avoided specific policy commitments related to China, reflecting a desire to frame the election as a referendum on Trump. A Biden administration would face constraints on
CHINA: Risk of mainland military invasion of Taiwan remains minimal
Teneo
September 25, 2020
( 6 mins read ) Amid Beijing’s generally more assertive foreign policy, there is rising media speculation that China’s leadership is increasingly willing to consider a military attack on Taiwan. But despite saber-rattling, there is little sign that Beijing’s fundamental
CHINA: New “unreliable entity” list does not signal massive retaliation
Teneo
September 22, 2020
( 5 mins read ) Chinese regulators announced details of a new mechanism that could be used to punish foreign companies viewed as acting on behalf of hostile foreign governments. But Beijing’s desire to preserve Chinese companies’ access to key
ASIA: Weekly politics update
Teneo
September 18, 2020
( 5 mins read ) Below is the weekly update of political developments across East Asia. Please do not hesitate to contact us if you want to discuss any of the countries mentioned in more detail. JAPAN: Suga enjoys widespread