Tag Archives: yuan

The six dangerous hotspots of the chinese economy right now 1. Overcapacity In basically each industrial sector, the chinese factories have currently much bigger production-facilities (and number of employees) than really needed. In the steel-sector for instance, the overcapacity is about 350 million tons/year sending steel prices on the market down the tube. But China has not followed through on …

China’s currency, the Yuan, got an upgrade by the IMF to a status of global reserve currency. Other ‘Reserve-Club’-members are the US-Dollar, Euro, Pound and Yen. The last change was made in 2000, when the Euro replaced the German Mark and the French Franc. One reason behind this IMF decision is obvious: China’s economic development. Today, the country accounts for …

China just celebrated the ‘Year of the Monkey’. Officially the first three days of Chinese New Year (February 8–10, 2016) are statutory holiday. Chinese New Year’s Eve and three more days are always added to give seven consecutive days of holiday. But then, it’s back to business – and there is no celebration at all for the chinese. The stockmarket-crash or …