New Delhi, May 12 (IANS) Singapore has emerged as a key hub in China’s strategy to internationalise its currency, the renminbi (RMB), and reduce dependence on the US dollar-dominated global financial system. The city state facilitates China’s monetary and capital flows, across other countries in Southeast Asia, according to a new report.China’s structural limits, like restricted capital mobility and regulatory uncertainty, constrain the RMB’s global acceptance. Consequently, Singapore ac…
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New Delhi, Jan 17 (IANS) The world is financially retrenching from China, with foreign direct investment (FDI) flows falling more precipitously than to the rest of emerging markets (EM), according to Robin J Brooks, Senior Fellow at the US-based nonprofit Brookings Institution.In an article on online publishing platform Substack, he writes that the “narrative that China is impervious to US tariffs is wrong”.“You just have to look at the massive scale of trade diversion that’s happening t…