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WisdomTree Chinese Yuan ETF

5/23/2013, 5:47 AM ET

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Thursday, December 30, 2010, 7:55 AM As the yuan rises to a record vs. the dollar, up 3% since June, a senior PBOC official likes what he sees, saying "the positive impacts of China's yuan reform ... have significantly outweighed the negative impacts." Expect a continued gradual increase. A dollar buys 6.6 yuan. Comment! [Global & FX]
Wednesday, December 29, 2010, 8:52 AM The yuan is fixed to the dollar, but floats against most other currencies. Citing the real's 37% gain against the yuan as causing a surge in Chinese imports, Brazil nearly doubles tariffs against China on several different toys. 1 Comment [Global & FX]
Wednesday, December 29, 2010, 7:45 AM The head of statistics at the PBOC says China needs to accelerate interest rate liberalization. Sheng Songcheng believes banks, given the freedom, would offer higher deposit rates, drawing cash from the speculative economy as negative real rates turn positive. Comment! [Global & FX]
Wednesday, December 29, 2010, 7:20 AM Chinese business executives back off last spring's call to remove the yuan peg, instead turning their criticism towards the Fed. The head of China's largest private steelmaker believes in only "token" increases as long as the US is "printing money to stoke inflation." Comment! [Global & FX]
Monday, December 27, 2010, 9:53 AM "We are completely able to control the overall level of prices." Ben Bernanke? No. It's Chinese Premier Wen Jiabao, who, while acknowledging that price increases have "made life more difficult" for the average Chinese, is confident that Beijing has the matter under control. 4 Comments [Global & FX]
Monday, December 27, 2010, 7:45 AM China's Christmas Day rate move could signal that officials no longer believe that current measures aimed at slowing inflation will work. Several increases in bank reserve levels and tighter loan quotas have failed to slow growth. Higher prices for credit may be what it takes. China -1.9%. Comment! [Global & FX]
Monday, December 27, 2010, 7:20 AM Low volume compounded by a closed London market leads Europe to experience a "mini flash crash." German DAX futures fall 2.5% in a matter of minutes, before a bounce. Germany -1.28%. Spain -1.83%. France -1.1%. Comment! [Global & FX]
Saturday, December 25, 2010, 9:35 AM In its latest move aimed at slowing credit growth and inflation, the PBOC raises interest rates by 25 basis points. A Morgan Stanley economist notes that today's bump will have more of an effect than a hike after the New Year because of the way adjustable rate loans are reset in China. Merry Christmas! 4 Comments [Global & FX]
Thursday, December 23, 2010, 2:51 PM Slowdown? With the paint barely dry on Beijing's tallest tower, State-owned Citic aims to top it, after paying $950M for a plot of land in the central business district. The city of Wuhan is planning the world's 3rd tallest building, while the 2nd tallest, a $2.3B project in Shanghai, will be completed in 2014. Comment! [Global & FX]
Thursday, December 23, 2010, 10:51 AM Writing that China's growth model has "exhausted its potential," an influential former PBOC member warns the country faces a sudden economic slowdown. Yo Yongding lists rising social tensions, pollution, lack of social services, and over-reliance on exports and investment as the key threats. 3 Comments [Global & FX]
Wednesday, December 22, 2010, 9:05 AM Returns to investors in the world's fastest growing economy have been less than stellar in 2010. Chinese stock and bond markets are the worst performers in Asia this year, with the Shanghai Composite on track to fall 12%, while yuan-denominated bonds return just 1.7%. Comment! [Global & FX]
Tuesday, December 21, 2010, 1:03 PM A growing consensus forms that China, worried about hot money inflows and the "fragile economic situation," will avoid raising interest rates. Credit Suisse flies against that view, predicting rate increases of 210 basis points in 2011. Comment! [Global & FX]
Tuesday, December 21, 2010, 8:15 AM The PBOC is considering regulating the supply of credit by focusing on bank capital ratios, liquidity, and provisions for bad loans. The current policy of setting annual loan quotas is threatened with irrelevancy by the shadow banking system. Comment! [Global & FX]
Monday, December 20, 2010, 4:11 PM Both US political parties are committed to essentially free trade, while China uses trade policy as a weapon in becoming the stronger nation. China will eventually have enough dollars and Western technology to dominate world markets; the value of the yuan will be irrelevant. Gamesa (GCTAF.PK) is a cautionary tale. 1 Comment [Global & FX]
Monday, December 20, 2010, 2:50 PM A check of prices between Boston and Hangzhou illustrates the brutally high cost of living in a major Chinese city. A basket of goods is 8% higher in Hangzhou, while comparable real estate is 27% higher. Not that big of a difference? Per capita income in Hangzhou is 87.5% lower than Boston. 3 Comments [Global & FX]
Monday, December 20, 2010, 11:57 AM Growth forecasts for China of 9% need to come down a lot further. Michael Pettis argues that even the 6%-7% range being whispered by Chinese officials is too optimistic - not a disaster for China or the world, but non-food commodity exporters will get stung. Comment! [Global & FX]