The Washington Post reports: "China announced Tuesday it will allow its tightly managed yuan to trade freely by 2020, potentially easing trade tensions with the United States and other nations...The United States and other governments have pressed Beijing for years to end controls they complained kept the yuan undervalued, giving Chinese exporters an unfair price advantage. Some American legislators had demanded punitive tariffs on Chinese goods in retaliation."
The New York Times reports: "Speaking to a small audience at the Stanford Center at Peking University, Admiral Harris defended the operation last week, which involved sending a destroyer inside the 12-nautical-mile radius that China claims as its territorial waters around Subi Reef, an artificial island built by the Chinese in the South China Sea. 'We've been conducting freedom of navigation operations all over the world for decades, so no one should be surprised by them,' Admiral Harris said. 'The South China Sea is not, and will not, be an exception.' Admiral Harris emphasized that the United States had carried out such operations around the world 'while avoiding military conflict, and that remains our goal.'"
Bloomberg News reports: "China is set to become a hotbed for the $100 billion market in bonds tied to environmentally-friendly investments as authorities and developers seek alternatives to loans for funding a transformation to clean energy supplies...By issuing green bonds, 'you're explicitly telling everyone else you want to channel your capital allocation towards low carbon or green activities,' said Wai-Shin Chan, a Hong Kong-based strategist at HSBC Holdings Plc. 'That's an important signal because it tells not only the government that you want to be part of this, it might increase your chances of gaining public projects in the future.'"