Both overseas and domestic investors fear a weakened Chinese currency against the US dollar and diminishing returns on investments in Chinese markets.
Despite a looming US recession, traders crave the dollar, causing trouble for the currencies of Japan and China, which are also impacted by the war in...
Beijing may reckon it has underestimated Western backbone, the difficulties of seizing Taiwan, cost as measured in lives, economic and reputational harm to China.
Western sanctions over human rights and Hong Kong appear to be working, as China’s foreign exchange reserves have hardly increased since 2017, revealing the totalitarian regime’s...
