Currency’s Weakness Troubles China’s Policy Makers
HONG KONG — Every weekday morning this year, China’s currency has followed the same ominous path. The central bank in Beijing fixes the initial value for the renminbi, the center…
Tag: renminbi
Currency’s Weakness Troubles China’s Policy Makers
HONG KONG — Every weekday morning this year, China’s currency has followed the same ominous path. The central bank in Beijing fixes the initial value for the renminbi, the center…
Troubled Chinese Property Developer Says Total Debt Exceeds $10 Billion
HONG KONG — The troubled Chinese developer Kaisa Group disclosed on Monday that its debts now total more than $10 billion and that it urgently needs to restructure its borrowings…