On Monday, the People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1780 as compared to Friday's fix of 7.1760 and 7.2496 Reuters estimate.
China’s military, in increasingly complex exercises, have encircled Taiwan and simulated blockades.
Lai Ching-te, the president of Taiwan, may be betting that China’s appetite for retaliation will be limited by Beijing’s ...