The yuan fell to a seven-month low against the U.S. dollar late last month, as analysts say several factors continue to put downward pressure on China’s currency. On June 21, the offshore yuan / U.S. dollar exchange rate fell to 7.27 yuan /U.S. dollar, a China’s Yuan Faces Continued Downward Pressure Against the Dollar
The yuan fell to a seven-month low against the U.S. dollar late last month, as analysts say several factors continue to put downward pressure on China’s currency. On June 21, the offshore yuan / U.S. dollar exchange rate fell to 7.27 yuan /U.S. dollar, a 
News Analysis Chinese authorities are encouraging domestic firms in the automotive supply chain to expedite the process of setting up factories overseas. Some finance experts believe this is an attempt by the Chinese Communist Party (CCP) to bypass Western
The U.S. State Department released its latest “Trafficking in Persons Report” on June 24, in which Hong Kong dropped one level this year to the “Tier 2 watch list,” on par with countries like Nepal, the Republic of Congo, and Laos, among others. The