U.S. trade war strain: China’s yuan sinks to lowest level in decade

U.S. trade war strain: China’s yuan sinks to lowest level in decade

by WorldTribune Staff, October 31, 2018 Amid an escalation of the China-U.S. trade war, China’s yuan currency on Oct. 30 hit a 10-year low against the U.S. dollar. The yuan sank past 6.97 to the dollar, its weakest level since May 2008. Bloomberg reported that the United States is preparing to announce tariffs on all […]

China warns Soros against ‘declaring war’ on its currency

China warns Soros against ‘declaring war’ on its currency

Special to WorldTribune.com China has warned “financial predator” George Soros not to bet against its currency. “Soros’ challenge against the renminbi and Hong Kong dollar is unlikely to succeed, there is no doubt about that,” said a government official in an opinion piece. The article, headlined “Declaring war on China’s currency? Ha ha”, described Soros […]