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Chinese economy grew 5.3% Q1 2014, page-54

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adolflinz

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12/05/24

20:25

Post #: 73787077
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Originally posted by pints: ↑

·How Beijing manages yuan will be key to regional stability

The yen fell to its lowest since 1992against the yuan in late April.
Photographer: Akio Kon/Bloomberg
By Tania Chen and Ruth Carson
May 9, 2024 at 5:25 AM GMT+8
Updatedon
May 10, 2024 at 11:29 AM GMT+8
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As the yen plumbs new lows, someinvestors are pondering an almost unthinkable scenario in a region busybolstering falling exchange rates — a series of competitive devaluations thatstarts a new Asian currency war.
Suspected intervention to drag the yen off a 34-year low against thedollar is already seen as unlikely to have a lasting effect if Japan continues alone, raising the prospect of another bout of weakness in the beleaguered currency. That could push competitive tensions with exporting neighbors SouthKorea and Taiwan to a peak — and heap pressure on China where chatter is already growing about the potential for a yuan devaluation

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Rubbish. RMB has actually appreciated against Japanese Yen and South Korea Won in the past 30 days.
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