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Media Report
August 27 , 2018
  • CNBC：China's new currency policy is a dovish signal in the trade war, analysts say
    CNBC reports: "China's central bank altered how it manages the country's currency, signaling that authorities have no intention of using the yuan as a weapon in the ongoing trade war with the United States, analysts said. The yuan has come under intense pressure in recent weeks on concerns about the outlook for the Chinese economy, the world's second largest, in part resulting from the ongoing tariff conflict with the U.S. On Friday, the People's Bank of China appeared to respond to that pressure, announcing that it was reintroducing a calculation method it called a "counter-cyclical factor" to keep the yuan's daily midpoint fixed to a relatively stable value."
  • Bloomberg：Trump's China Hawks Prepare to Swoop as Trade Talks Go Nowhere
    Bloomberg reports: "The U.S.'s trade war with China is about to get uglier. After a long, hot summer spent weighing risks and firing warning shots, the hawks in President Donald Trump's administration have gained the upper hand -- and they're set to unleash a fall offensive. Talks in Washington between the world's two largest economies yielded little visible progress last week toward a cease-fire. Looming instead are new tariffs that Trump has threatened to impose on some $200 billion in annual imports from China, and Beijing's already-promised retaliation. "We're facing an escalating trade war over the next few months," says David Dollar of the Brookings Institution, who served as the U.S. Treasury's top man in China under the Obama administration."
  • Reuters：World stock index at highest in over five months on trade deal
    Reuters reports: "World stocks rose to their highest level in over two weeks on Monday, following reassuring comments from the U.S. Federal Reserve chief, signs of progress on a U.S.-Mexico NAFTA trade deal and a bid by China's central bank to stabilize the yuan. A stronger-than-expected German business sentiment survey added to the upbeat mood in Europe, with stock markets in Paris and Frankfurt up about 0.5 percent each .GDAXI .FCHI. British markets were closed for a public holiday, while U.S. stock futures ESc1 1YMc1 pointed to fresh gains on Wall Street."
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