The People’s Bank of China has announced a cut in the reserve required ratio – a move that is expected to inject $175bn into the economy - but treasurers should still be wary of reading too much into the move
Markets are skittish, prone to starting at shadows or gorging themselves on rumours. Is China’s ‘counter-cyclical bounce’ just the latest piece of scuttlebutt to affect the currency or is the writing on the wall?
If traditional industries are the ground troops in the looming conflict, cross-border e-commerce platform Youkeshu is China’s militia. Its CFO talks trade warfare, hedging strategy and bank relationships.