A recent statement from top Chinese banking regulator Guo Shuqing highlighting the risk of bubbles in both foreign equity markets and domestic property markets cast a shadow over Asian equities earlier this week. The Chairman of…
BCA Research’s Foreign Exchange Strategy service concludes that a big driver for the RMB in the coming years will also be widespread diversification away from USD assets. With extremely low volatility, the yuan has…
China’s economic recovery continued to moderate in February. The composite PMI compiled by the National Bureau of Statistics declined for the third consecutive month, sliding to 51.6 from 52.8 on the back of weaker than…
South Africa’s revised budget forecasts reveal that authorities are more optimistic than they were last October. The government deficit was revised down, and public debt is now expected to peak at 88.9% of GDP in 2025/26,…
Highlights Market-based geopolitical analysis is about identifying upside as well as downside risk. So far this year upside risks include vaccine efficacy, coordinated monetary and fiscal stimulus, China’s avoidance of over-…
Highlights Higher yields in China should continue to encourage inflows into the RMB. However, the gap between Chinese and US/global interest rates will narrow. This will temper the pace of RMB appreciation. The RMB remains modestly…