Day: April 9, 2025

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Offshore Trading of China’s Currency Sinks to Historic Low, Presenting Yet Another Problem for Developing Countries

China’s offshore yuan fell to an all-time low against the U.S. dollar on Tuesday as trade tensions between the United States and China escalated after days of turmoil over tariffs. The offshore yuan, which is circulated outside mainland China and is ...

U.S. to Vietnam: “Zero Tariffs, That Means Nothing to Us,” It’s Chinese Transshipments That Are the Main Focus

Vietnam is desperately trying to stave off a potentially devastating 46% tariff on all exports to the United States that will on Wednesday. Communist Party General Secretary Tô Lâm appealed to U.S. President Donald Trump personally last week for a 45-day implementation delay in the hope that will ...

Malaysia Says to Host China’s Xi From April 15

Malaysia's government announced Wednesday it will host Chinese President Xi Jinping for a three-day visit next week, as the two countries grapple with tariffs imposed by the United States. The state visit will go from April 15 to 17, Communications Minister ...

The Fate of China’s Global Supply Chains in the New Tariff Era

With new tariff threats from the Trump administration and rising tensions across key markets, companies and governments alike are scrambling to understand what decoupling—or de-risking—actually looks like in practice. From electronics and apparel to solar panels and electric vehicles, China’s ...

Philippines Adds Speedy Warship to Maritime Arsenal

The Philippines took possession of the first of two corvette-class warships with "advanced weapons and radar systems" on Tuesday as it faces growing pressure from Beijing in the disputed South China Sea. The arrival of the 3,200-ton BRP Miguel Malvar is ...

Analysis from Cobus van Staden

How to Lure Chinese Financing Back to the Global South: Report

Global South countries face increasing financing pressure, endangering their ability to keep developing while also implementing measures to deal with a growing climate crisis. The disruption of global trade is coupled with a larger megatrend: flows of international capital to the developing world have turned negative. This means that countries are now routinely paying more to service loans than they receive in disbursements.

The vast majority of Global South borrowers ...

Offshore Yuan Hits Historic Low on U.S.-China Trade Tensions

China's offshore yuan fell to an all-time low against the U.S. dollar on Tuesday as trade tensions between the United States and China escalated after days of turmoil over tariffs. The offshore yuan, which is circulated outside mainland China and is ...

U.S. Will Not Let China Disrupt Panama Canal: Pentagon Chief

By María Isabel Sánchez The United States will not allow China to jeopardize the operations of the Panama Canal, U.S. Defense Secretary Pete Hegseth warned during a visit to the Central American nation on Tuesday. ...