Tag Archives: chinese yuan

China Continues Push For Yuan Settlements

The Chinese are continuing the charge to get their currency the Yuan or Renminbi as its called locally, to be used to pay for international trading debts. This could pose a threat or at least change to the US dollar … Continue reading

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China Headed For Meltdown

It’s become increasingly clear the Chinese real estate market is massively overheated. They’ve been building skyscrapers and cities like they’re going out of style. I seem to remember one statistic which said China has built something like 10 ft.² of … Continue reading

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The Debt Ceiling Debacle

The US debt ceiling debate has captivated Americans over the past 2 weeks. It’s been one of the only things in the headlines basically everyday. It’s mostly just theater which has been drama and entertainment. It’s very unlikely changes are … Continue reading

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China’s Yuan Settlement Plan Facing Hurdles

The Chinese opened up their currency the yuan, or as the locals call it the renminbi, in the summer of 2009. They did this because many trading partners wanted to settle in Chinese currency rather than having to convert into … Continue reading

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Hong Kong Dollar vs US dollar

“Heads I win, Tails you lose” currency trade. Hong Kong has been pegged to the US dollar for as long as I can remember. It’s now being replaced by the Chinese yuan or renminbi as locals call it. This is … Continue reading

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