Renminbi

"It's A Huge Story": China Launching "Petroyuan" In Two Months

"...the yuan-based oil contract will be a 'wake up call' for investors ...besides serving as a hedging tool for Chinese companies, the contract will aid a broader Chinese government agenda of increasing the use of the yuan in trade settlement...it's a 'huge story'..."

Chinese Capital Outflows Return As Soon As PBOC Halts FX Intervention

Although the PBOC reported that in September official central bank reserves rose by $17 billion to $3.109 tn , according to the latest SAFE data released overnight, after the first, and only month of inflows in three years, outflows have again returned for a total of $7bn in September (vs. net inflows of +US$9bn in Aug), in light of the recently relaxed FX forward rule

China Launches Yuan-Ruble Payment System

China and Russia are continuing to shift away from dollar-based trade, and converging on commerce which will eventually be backstopped by gold, or what is gradually emerging as an Eastern gold standard.

S&P Downgrades China To A+ From AA- Due To Soaring Debt Growth

"The downgrade reflects our assessment that a prolonged period of strong credit growth has increased China's economic and financial risks. Since 2009, claims by depository institutions on the resident nongovernment sector have increased rapidly. The increases have often been above the rate of income growth."

Trump's China-Sanctions Madness Imperils The Dollar

"If the US wants to really continue with this sanctions game, it need also be prepared to face the reality that its not 1989, and that the world may not be willing to treat dollars and US sanctions in the way the US expects it to. The likely response will only be the latest evidence that the US 'unipolar moment' is over. "