Currency dispute with U.S. could widen China’s power in Asia

Far from being a currency pariah as accused by the Trump administration, China has a shot at cementing economic leadership within Asia.

The foreign-exchange manipulator tag hastily arranged by the U.S. Treasury is of little practical consequence. In essence, it warrants talks about talks. The same complaint in 1994 didn’t stop the immense integration of the American and Chinese economies that followed, seen in retrospect as the halcyon days of global merchandise trade. Despite noise from the current White House, China had, until Monday, held back the yuan’s decline, not encouraged it. Reverse manipulation, if you will.

China has a strategic regional interest to show policy leadership matching its commercial footprint around Asia and more widely. This could ease the fears of some governments over economic stability. Beijing isn’t about to loosen the reins entirely, the People’s Bank of China statement indicated, this week’s move below 7 per dollar notwithstanding. Beijing needs to prevent big capital outflows.

Not sure what to do amid this market volatility? Here are the answers to your top questions

If the market’s wild ride has you confused about your next investment move, you aren’t alone.

You may be wondering, “Do I really do nothing with my stocks or 401(k), like many advisors suggest? ” or “when is the right time to buy or sell?”

No one likes to lose money, but panicking isn’t the right answer, either. In fact, experts say you should be prepared for market downturns.

“I tell clients and prospective clients that if a bear market is all it takes to ruin your financial future, then you’re not investing and planning correctly,” said Mitch Goldberg, president of ClientFirst Strategy, an investment firm that caters to individual investors.

How Huawei is trying to trade war-proof its software

Huawei Technologies Co. on Friday offers the first glimpse of an in-house software that may someday replace Google’s Android, an important step toward reducing its reliance on American technology.

Code-named “Hongmeng” or “Ark,” the long-gestating operating system could soon find its way into smart TVs and lower-end phones. The OS embodies Huawei’s shift toward self-reliance as American sanctions cut it off from vital technology, and escalating U.S.-Chinese tariffs jeopardize a carefully orchestrated global supply chain. Huawei’s efforts actually mirror Apple Inc.’s: to develop vertically-integrated supply and production lines that help reduce exposure to inclement market forces, unreliable suppliers and unpredictable events like international trade disputes.

The newly hostile environment is putting to the test not just Apple’s “Designed in California, Assembled in China” slogan, but the overall preparedness of two smartphone-making giants as the decades-old made-in-China model fractures. Here’s a look at how dependent Apple and Huawei are on external suppliers

Kazan- Kazan National Research Technical University Казанский национальный исследовательский технический университет имени А. Н. Туполева he graduated in Economics in 1982

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