currency war

The internationalisation of the renminbi is well underway

Covid-19, and the economic crisis it has triggered, is stretching this tension between saving- and the current-account to the breaking point. The culprit: exploding government budget deficits.

  Technical outlook for the Shanghai market The Shanghai Index has recovered rapidly from the external shock delivered by Trump’s most recent Twitter broadside, but then succumbed to the broader market fear about bond yields that drove down the D