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Analysis-As yuan skids, markets bet more depreciation is in store - Vimarsana News

Analysis-As yuan skids, markets bet more depreciation is in store

China's yuan is sliding and market participants suspect authorities are deliberately but slowly engineering a light depreciation of the currency, both to complement an easy monetary policy and to support exports. While the yuan has declined roughly 2% this year against the dollar, it has become relatively less competitive as Japan's yen and currencies of other neighbours South Korea, Thailand and Taiwan drop more sharply. The People's Bank of China (PBOC) also appears to have loosened its grip on the yuan, allowing it to fall to the weak side of the 7.2-per-dollar level that s...

Source: yahoo.com
Unfair practices by 5 Asian nations hurting US textile industry: NCTO - Vimarsana News

Unfair practices by 5 Asian nations hurting US textile industry: NCTO

NCTO has urged the US International Trade Commission to scrutinise the rise in imports from five Asian nations with ultra-low cost apparel pricing structures and ties to China...

Asia apparel sourcing majors accused of US sector 'damage' - Vimarsana News

Asia apparel sourcing majors accused of US sector 'damage'

NCTO suggests ascent of top supplier status for five countries in Asia has coincided with domestic apparel and textile sector's crisis.

Capital inflows: Balancing market gains with economic risks - Vimarsana News

Capital inflows: Balancing market gains with economic risks

The influx of foreign capital can boost investment and wealth but may also lead to a stronger national currency, undermining export competitiveness

US to investigate exports of five Asian apparel sourcing countries - Vimarsana News

US to investigate exports of five Asian apparel sourcing countries

US apparel sector prepares for the US' research on the export competitiveness of five Asian apparel sourcing countries.