Latest data is out. Folks who hoped the Renminbi would break the dollar hegemony have to be very patient.
The Chinese conglomerate had gone on a debt-fueled global acquisition binge, including in the US, and owned 18 airlines before it all came unglued.
Despite my assurances that “Nothing Goes to Heck in a Straight Line,” a Chinese stock just did.
Its China team “saw increasing patterns of fraud, counterfeits and unsafe products.” But US consumers have no clue where the sellers are and where the products came from.
US barely Cleanest Dirty Shirt among the manufacturing giants.
How China’s crackdown on debt and capital flight pulls the rug out from under mega-real-estate projects.
US-China trade war, falling business confidence, slowdown in China, German exports, and new: the temporary shutdown of Hong Kong’s airport, the largest cargo hub in the world.
Just how important is China to GM, its Largest Market & Once Biggest Hope for Growth?
If the US dollar loses its hegemony as a global reserve currency, it would be a sea change globally, and specifically for the US economy. Today, we got the next installment in that saga.
Stocks of Chinese companies listed in the US have turned into a fiasco.