Business Insider1y
China's richest people are leaning hard into quiet luxury, wielding stealth wealth like a weapon and scorning their flashy, label-chasing peers
First, people respect the silken clothes. Then, they respect the man. For generations, that's been the popular saying in China — 先敬罗衣后敬人. It translates to a simple lesson for ...
Yahoo Finance8d
China Money Markets Face $411 Billion Crunch as Congress Nears
(Bloomberg) -- China’s money markets are expected to see a liquidity withdrawal of more than 3 trillion yuan ($411 billion) over the remainder of this month, helping to keep funding costs ...
Business Insider5y
US stocks are set to crater after China made a change to its currency that has dire implications for the trade war.
It follows China allowing its renminbi currency to fall below the significant threshold of 7 to the US dollar. The shift will allow China to absorb economic pain from Trump's trade war more easily ...