Currency War: Why It’s Not Time to Short the Yuan?

As the “Trump trade” returns – again – fueling concerns of new geopolitical turmoil, hedge funds worldwide are scrambling to short the Chinese yuan. They are betting that Trump’s tax and trade policies, if elected, will strengthen the dollar, with China seeking a more competitive exchange rate as domestic growth slows. But if the last …

China cancels US tariffs by devaluing the yuan

China is actively promoting its plan for de-dollarization, promoting the yuan as the dominant currency in world trade, effectively challenging the long-standing dominance of the US dollar. China is trying to promote the yuan as a medium of international trade, implementing the basic principle of de-dollarization – reducing dependence on the dollar. China once relied …

Digital Platform for BRICS Trade Transactions – Non-IMF Yuan Loan Agreements

American economic hegemony rested on the dominance of the dollar within the system of international trade (mainly important commodities) and as a global reserve within the framework of the famous Bretton Woods agreement after 1944. This hegemony was combined with the formation of post-war international economic organizations such as the International Monetary Fund (IMF), the …

The “Red Dragon” (China) Grows Worldwide

While the Covid-19 pandemic was initiated by China (Wuhan Province) and it appeared that the Chinese government was taken by surprise, the subsequent successful management of the response to the pandemic strengthened Chinese citizens’ confidence in the communist regime of China, increased the national confidence and pride of the Chinese (always comparing it to the …

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