The yuan has been one of the world’s most stable major currencies
That is partly by design, and partly through luck
IN THE “Three-Body Problem”, a popular Chinese science-fiction novel, the planet Trisolaris lurches between climatic stability and chaos as it follows an unpredictable orbit around the three suns in its star system. The solution, the inhabitants conclude, is to invade the Earth, so as to enjoy its smooth single-sun orbit. China’s central bank has been making a similar monetary voyage, in reverse.
This article appeared in the Finance & economics section of the print edition under the headline “The 24-body problem”
Finance & economics June 13th 2020
- Investment in oil supply has collapsed. It may not roar back
- What the early 1980s implies for unemployment today
- India avoids junk status
- The yuan has been one of the world’s most stable major currencies
- Why are bank bosses sounding more optimistic about loan losses?
- The reasons behind the spectacular rally in metal prices
- Economic research documents black Americans’ struggle for equality
From the June 13th 2020 edition
Discover stories from this section and more in the list of contents
Explore the editionMore from Finance & economics
China meets its official growth target. Not everyone is convinced
For one thing, 2024 saw the second-weakest rise in nominal GDP since the 1970s
Ethiopia gets a stockmarket. Now it just needs some firms to list
The country is no longer the most populous without a bourse
Are big cities overrated?
New economic research suggests so
Why catastrophe bonds are failing to cover disaster damage
The innovative form of insurance is reaching its limits
“The Traitors”, a reality TV show, offers a useful economics lesson
It is a finite, sequential, incomplete information game
Will Donald Trump unleash Wall Street?
Bankers have plenty of reason to be hopeful