13 July Watchlist 👀
Yuan-a Invest in China?
The Chinese yuan should be a more significant currency than it is. China is the second-largest economy in the world, but only 2% of the world’s central banks actually hold their reserves in the yuan.
Influential market watchers and government officials have decided to take action on this, and have embarked on an international roadshow to promote the renminbi to investors.
Their strategy is to throw shade at the dollar for being a needless risk amid political upheaval in the United States. If successful, Chinese stocks will be seen as lower risk and attract more foreign cash, but we await President Trump’s retaliation.
I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.