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Experts close to the central bank say the policy of the PBOC is to make it expensive for speculators to try to make gains on China's yuan currency. PBOC policy according to them is to allow for a modest depreciation and let the currency oscillate. When speculators hope to make gains the central bank intervenes to go the other way. The PBOC hope to limit outflows of capital, a problem in 2015, in this way.
Grouped Articles
Confused by China’s Yuan? It’s Intentional
Wall Street Journal 01/15/2016
China’s Jittery Savers Could Pose Capital-Flight Threat
Wall Street Journal 01/15/2016
Currency War: U.S. Hedge Funds Mount New Attacks on China’s Yuan
Wall Street Journal 02/01/2016
China Stanches Flow of Money Out of the Country, Data Suggests
New York Times 04/07/2016
The leadership and priorities of Zhou Xiaochuan, who has headed the PBOC, central bank of China, since 2002. He was appointed to a new third five year term in 2013.
Grouped Articles
China’s Economic Problems Unlike Those Elsewhere
New York Times 05/28/2013
China's 'Shadow Banks' Fan Debt-Bubble Fears
Wall Street Journal 06/24/2013
China's Silver Linings Playbook
Wall Street Journal 06/24/2013
Wall Street Journal 06/25/2013
China Central Bank Warns Banks on Liquidity
Wall Street Journal 06/25/2013
Credit Warnings Offer World a Peek Into Chinaâs Secretive Banks
New York Times 06/24/2013
Efforts to lower the value of the yuan and widen the trading range in Feb. 2014 by the PBOC.
Grouped Articles
China Intervenes to Lower Yuan
Wall Street Journal 02/27/2014
In China, Shaking Up Currency’s Strength
New York Times 03/16/2014
Falling Yuan Curbs Cash Entering China
Wall Street Journal 03/20/2014
Crossing China's Big Red Currency Line
Wall Street Journal 03/21/2014
Deutsche Bank Economist to Join China's Central Bank
New York Times 04/09/2014
China Takes a Smoother Path to Currency Devaluation
Wall Street Journal 11/25/2015
Grouped Articles
Why China Shifted Its Strategy for the Yuan, and How It Backfired
Wall Street Journal 01/10/2016
Chinese Official: Bets Against Yuan Are ‘Ridiculous and Impossible’
Wall Street Journal 01/12/2016
Confused by China’s Yuan? It’s Intentional
Wall Street Journal 01/15/2016
China’s Jittery Savers Could Pose Capital-Flight Threat
Wall Street Journal 01/15/2016
Economist 01/19/2016
Currency War: U.S. Hedge Funds Mount New Attacks on China’s Yuan
Wall Street Journal 02/01/2016
Following missteps in the summer of 2015 China's central bank PBOC officials faltered again as they sent different signals to financial markets in Shanghai- first PBOC failing to roll over a credit line of $19.9 billion to China Development Bank on Jan 4, 2015, and then with a sharp decline in the market triggering halt in trading mechnisms moving to inject the same amount into the financial system. Chinese officials are keenly ware of the need to increase productivity of business investment and reduce crippling oversupply in steel and other materials but not clear on how to proceed.
Grouped Articles
Beijing Muddles Markets With Mixed Signals
Wall Street Journal 01/06/2016
China Stocks: Trading Called Off for Second Time This Week
Wall Street Journal 01/07/2016
Confused by China’s Yuan? It’s Intentional
Wall Street Journal 01/15/2016
How China’s Big Lending Push Comes Up Short
Wall Street Journal 03/01/2016
Foreign exchange intervention led to a decline in foreign currency reserves in August by $93.9 billion, according to the PBOC. An estimated 40% of the foreign currency reserves are in U.S. Treasurys.
Grouped Articles
China’s Forex Reserves Fall by Record $93.9 Billion on Yuan Intervention
Wall Street Journal 09/08/2015
China, Trying to Bolster Currency, Taps Foreign Reserves
New York Times 09/07/2015
Japanese Deflation Threat Hangs Over China
Wall Street Journal 11/20/2015
Confused by China’s Yuan? It’s Intentional
Wall Street Journal 01/15/2016
China’s Forex Reserves Plunge to More-Than-Three-Year Low
Wall Street Journal 02/08/2016
Wall Street Journal 02/08/2016
Grouped Articles
What China’s surprise currency devaluation means for its economy and the world - The Washington Post
Washington Post 08/11/2015
China Devalues Its Currency as Worries Rise About Economic Slowdown
New York Times 08/10/2015
Wall Street Journal 08/11/2015
China Yuan Fall Won’t Ease Pressure on Economy
Wall Street Journal 08/11/2015
China’s credibility on the line as yuan slides again, global markets slump - The Washington Post
Washington Post 08/12/2015
China is trying to save its economy with a cheaper currency - The Washington Post
Washington Post 08/12/2015
Grouped Articles
Brawny Yuan Stands Apart from the Crowd
Wall Street Journal 12/10/2013
Falling Yuan Curbs Cash Entering China
Wall Street Journal 03/20/2014
Why China Shifted Its Strategy for the Yuan, and How It Backfired
Wall Street Journal 01/10/2016
Chinese Official: Bets Against Yuan Are ‘Ridiculous and Impossible’
Wall Street Journal 01/12/2016
Confused by China’s Yuan? It’s Intentional
Wall Street Journal 01/15/2016
The U.S. Will Lose a China Trade War
Wall Street Journal 10/08/2010
Linked Articles
China’s Jittery Savers Could Pose Capital-Flight Threat
Wall Street Journal 01/15/2016
Confused by China’s Yuan? It’s Intentional
Wall Street Journal 01/15/2016
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