China’s RMB is less popular as it ages

In 2016, China’s currency seemed on target for global reserve status. These days, the renminbi appears stuck in reverse, with Beijing looking on passively as its status shrinks and it slides down the global rankings. When financial messaging provider Swift published its latest RMB Tracker in late January, almost no one noticed. For good reason. Anyone not focused on US politics or Australian fires … http://bit.ly/3bwStTf

Charlie Munger: The Strongest Companies In The World Are In China, Not America

Famed investor Charlie Munger, vice chairman at Berkshire Hathaway and longtime business partner of Warren Buffett, shared his investing wisdom at an annual address on Wednesday, speaking on a variety of topics, including China and why he’d never buy Tesla stock. While the U.S. has the largest economy, “the strongest companies in the world are not in America,” Munger, 96, said at the annual … http://bit.ly/2wf889M

The Crypto Mogul Who’s Got the Ear of China’s Central Bank

Leon Li is the rarest of Chinese crypto magnates — one who’s won Beijing’s backing. The founder of Huobi Group is now set to play a pivotal role in China’s effort to build a homegrown crypto-industry. The former Oracle Corp. coder, who started one of the world’s largest Bitcoin exchanges six years ago, enjoys unusual access to China’s central bank and government officials thanks to methodical … https://bloom.bg/2v6qbhT

Investors need to position for a US-China clash of civilisations

A ‘great decoupling’ is under way between the incumbent superpower and its challenger. Financial markets welcomed last month’s truce in the long-running trade war between Washington and Beijing. But the “phase one” deal should fool no one. By parking core US complaints, including China’s weak intellectual property protection, forced technology transfer and pervasive state subsidies, the ceasefire … https://on.ft.com/3bbT3pp

Stunning Japanese Admission About China May Foreshadow Digital Currency Breakthrough

There are at least 18 central banks developing a form of sovereign digital currency, according to a recent survey from crypto news outlet The Block. Some such as China see the efforts as a way to reduce fraud, increase financial transparency, and support flagging economic growth. … http://bit.ly/318gifA