Tag Archives: Renminbi

Renminbi weakening in bid to reign in strong Chinese real estate sector, boost exports

When it comes to the value of the renminbi (CNY, quote), the twin engines of economic growth for the Chinese economy oppose each other. About 40% of China’s gross domestic product emanates from exports to the U.S. and Europe. The Chinese real estate market provides about 30% of the economic growth in the People’s Republic. 

China Construction Real Estate Yuan

Friday’s best web

Friday’s best web covers the new Turkey-Tunisia development cooperation agreement, Reliance Industries’ Chevron sale, Gazprom maneuvering for access to Brunei resources, investor confidence in Mexico, and the emergence of the renminbi as the “anchor” currency of Asia.

Energy Mexico Middle East & Africa Yuan