Countries are starting to settle trade in local currencies rather than U.S. dollars, and warnings of the dire consequences are heating up. They range from serious policy analyses on sanctions to conspiracy theories designed to sell investment information. Interest in the concept of “dedollarization” began to rise toward the end of the first quarter of 2023, spiking up at the … [Read more...] about Dedollarization: A Yuan Tale
China
Digital Payments and Currencies in China. They’re Faster.
The following is a guest post from John Browning, founding partner of Hong Kong commodity and financial futures broker BANDS Financial. In reporting on the state of and statistics on the Chinese economy, Browning follows the development of a digital currency by China's central bank. See our post Constructing the Future of Money for an introduction. This post, an excerpt from … [Read more...] about Digital Payments and Currencies in China. They’re Faster.
Notes on China's Economy Today
Inflation is the top economic concern of the Chinese government, said Kok-Chi Tsim, Managing Director and Senior Relationship Executive at JPMorgan Chase Bank, Chicago. He spoke March 30 at the monthly luncheon of the Economic Development Council of Chicago on "China’s Economic and Business Environment." The concern for inflation flows from one underlying economic fact: "China … [Read more...] about Notes on China's Economy Today
China, India, and Japan: A Dispatch from Sibos
China and India remain high on the financial and banking agenda, with attendees at SWIFT’s Sibos 2010 conference packing the room for a session called “India and China: How Do You Choose?” The rise of China especially, in both currency and trade, played as a theme through Sibos, the annual financial and banking conference held in Amsterdam this October. Many U.S. and Europeans … [Read more...] about China, India, and Japan: A Dispatch from Sibos