China

Why to expect more currency volatility

An acceleration in “drawbridge capitalism” is expected to affect global capital flows and encourage more currency volatility, PIMCO’s Gene Frieda says in a market commentary on Thursday. Protectionist policies putting domestic business first — what Frieda calls “drawbridge capitalism” — will accelerate a retreat from globalization and deepen correlations between geopolitics and international trade. The […]

By Staff |February 9, 2017

2 min read

PIMCO strategist says China headed for ‘marked slowdown’

A “marked slowdown” in Chinese economic growth appears inevitable by the second quarter of this year, with negative effects for both Asian and Latin American emerging markets, says a senior PIMCO strategist. Gene Frieda, London-based executive vice-president and global strategist for the bond trader, says in a market commentary that a slowdown in growth “already […]

By Staff |January 18, 2017

2 min read

Amid trade pressures, Chinese leaders set path for 2017

Chinese leaders have set economic goals for 2017, and they've taken geopolitical risks into consideration.

By Staff, with files from The Associated Press |December 16, 2016

2 min read

Canadian firms missing out on advantages of the renminbi

Canadian businesses trading with China are missing out on new opportunities and cost savings because they aren’t using renminbi, the world’s fastest growing currency, reveals a 2016 HSBC global survey of business decision-makers in 11 countries. Globally, 40% of countries recognize a business advantage in using RMB. For Canadian businesses, that drops to 22%. Read: […]

By Staff |October 24, 2016

1 min read