RMB Report: Near Term Stability, Long Term Depreciation
For all the concern focused on the Chinese economy, financial markets, and credit, the RMB dominates them all. If a hard landing or crisis like...
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RMB Outflows Continue As Inflows Collapsing
International bank transaction data was released on the 20th and we believe this provides a better gauge of currency flows than more widely...
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China: May Industrial Production Held Steady, Fixed Asset Investment, Loans Growth Slowed
China’s data releases in recent days have continued to broadly reflect the ongoing slowdown in the economy. While industrial production remained...
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The Chinese Military: Fit for Purpose?
China's leadership is aware of the weaknesses in its armed forces, who have been found to be physically unfit, untested, unmotivated and corrupt....
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Blockchain and Central Banks
As I noted in my post from a fortnight ago, Blockchain in the Financial Services Industry, central banks are taking greater interest in blockchain...
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