Although 64% of surveyed investors expect the RMB to depreciate further in the next 12 months, more than 70% of them say they would continue to hold or even expand their RMB-denominated investments, according to a survey conducted by Standard Chartered Bank (Hong Kong). The survey, which is done between August 14 to 22 shortly […]

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China's exports in RMB terms declined 6.1% year-on-year in August, compared with 8.9% contraction in July. The country's Imports fell sharply by 14.3% year-on-year in August, from a 8.6% contraction in the previous month, reflecting depressed commodity prices and weak domestic demand. As exports fell less than imports did, the trade surplus widened significantly to […]

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Beijing-based maternity and baby products flash sales platform Mia.com has completed US$150 million series D round of financing led by Baidu Inc., according to Chinese media reports. A number of undisclosed existing investors also participated. Mia.com did not immediately respond to an inquiry to confirm the news. In December 2014, Mia.com, previously named Miyabaobei.com, completed […]

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China's latest foreign reserve data highlights the risk the country's central bank faces: The longer the authorities try to keep the RMB from adjusting to market forces, the larger the eventual depreciation will be, says a research report by the Australia and New Zealand Banking Group Limited (ANZ). China’s forex reserves recorded a decline of […]

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Five-months-old Chinese online education platform Lexuezx.com says it has completed US$30 million series A round of financing led by H Capital, according to Chinese media reports. Other obscure investors and unnamed individual investors also participated. Representatives at the company did not immediately respond to an inquiry to confirm the news. Launched in April this year, […]

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Here's his op-ed. [POSTSCRIPT Sept. 7, 2015: Here's Jerome Cohen's statement about the statement.]