The Drug Enforcement Administration started seeing Chinese drug money launderers replacing Mexicans in 2015. Weiliang Zheng ...
China's dominance in commodity trading has been confirmed by encouraging the big iron ore miner BHP to accept in part a ...
China didn’t truly de-dollarize—it just shifted its dollar holdings from official reserves at SAFE to less transparent state ...
Xi Jinping, China’s leader, has said the country must have a “powerful” currency. The yuan is still far from that. But it is ...
China’s bid to build a renminbi-based financial system beyond the U.S. dollar’s reach is gaining traction as a way to ...
For nearly a century, the US dollar has ruled the global financial system. Buy a couple of million barrels of oil, or a few million tonnes of wheat, and theres a good chance that the US greenback will ...
On paper, China’s middle class should be spending. Savings are high. Bank deposits are swelling. Interest rates are falling. If anything, conditions look primed for a consumer boom. Instead, something ...
China’s devaluation of its renminbi this week sent markets into a temporary tailspin, and though things have somewhat rebounded since, supply chains may still have a price to pay. Whether designed to ...
Now that China’s yuan has taken another tumble—down 1.1% against the U.S. dollar Thursday following a 1.6% slide Wednesday and Tuesday’s sudden nearly 2 percent devaluation—sourcing executives are ...
Every day, families across this country are losing loved ones to fentanyl. This is not just a public safety crisis. It is not just a public health emergency. It is something far more dangerous. It is ...