renminbi
What the Chinese Devaluation Means for Apparel Brands
The People’s Bank of China’s abrupt decision earlier this month to devalue its currency was characterized by…
China’s Currency Falls Again: What Sourcing Executives Should Know
Now that China's yuan has taken another tumble—down 1.1% against the U.S. dollar Thursday following a 1.6%…
Chinese Yuan Continues Decline; Gov’t Started Depreciation but Can’t Stop It
As the Chinese yuan continues its historic drop in value, many investors worry that the rapid…
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Chinese Renminbi Tumbles Below “Red Line;” Massive Losses May Follow
On Wednesday, a rapidly depreciating Chinese renminbi traversed what financial experts have been referring to…
New Study Warns that Currency Manipulation is Costing Textile/Apparel Industry Jobs
A new study issued by the Economic Policy Institute urges the U.S. government to take a strong stand against…
Chinese Central Bank Depreciates Yuan; Plans to Rival the U.S. Dollar
On February 25, investors anxiously reacted to the rapid depreciation of the Chinese renminbi, which plunged…
China Trade Data Slides Badly
Chinese trade data for June was much weaker than forecast, amid speculation that the government is trying to…
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