Monthly Archives: November 2015

The dragon stirs: RMB on track to squeeze dollar

The dragon stirs: RMB on track to squeeze dollar

The rise of the Chinese renminbi (RMB) and its increasing importance in cross-border trades has accelerated since the Great Financial Crisis hit the west in 2008-2009. Since then, the US economy has experienced a number of problems in the long-term such as: Unsustainable fiscal deficit; Lowering growth of GDP; Weakening of US Dollar against otherRead more