| China has beat Japan as the second-largest economy | | | | earlier to peg to the dollar (see our previous post). |
| in the world. With an average GDP growth of 10% | | | | This in turn makes Chinese exports more expensive, |
| for the last 30 years, a population of 1.4 billion, first | | | | but imports cheaper. Be on the lookout for trades |
| place in the world's and consumption and production | | | | connected to rises in production expense and major |
| of coal, steel and energy, and the world's largest | | | | companies such as Walmart and Target, who have |
| exporter and second-largest importer of good, the | | | | overseas factories. Other companies which have |
| country stands a chance at becoming number one | | | | been cheaper alternatives to American products, |
| soon. (It is also ranks first-place in the world in coal | | | | such as Toyota and Honda, may also present good |
| production). | | | | trading opportunities. |
| Other news in China is the country's allowing foreign | | | | Chinese stocks and markets are a new opportunity |
| investors to invest in the Chinese market. A pilot | | | | for traders and trade operators should be aware of |
| program will allow foreign investors to buy bonds in | | | | this and change their platform accordingly. The Asian |
| the Chinese market using Chinese currency. | | | | market will also be influenced by its #2 neighbor. |
| Shanghai is set to become a world leader in finance | | | | Read more about online trading in the binary options |
| by 2020. As a result, they are tapping into corporate | | | | market. |
| investment abroad and could allow foreign companies | | | | Then Again, Maybe Not |
| to sell shares in Shanghai as early as next year. | | | | Of course, not everyone agrees that China will be |
| Rumor persists that Shanghai may allow foreign | | | | growing so fast. A couple of major problems loom: |
| investment in yuan-dominated private equity and | | | | China's GDP has indeed been growing rapidly in the |
| venture capital funds as well in the near future. | | | | last 30 years, but that could be because it has a |
| Since the yuan ended its peg against the dollar on | | | | while until it reaches a high rank. Chinese GDP is still |
| June 19 it has risen by.5 percent. Announcement of | | | | below the 100th rank in the global economy. Another |
| the end of the peg causes a 4.8 percent increase in | | | | factor making it difficult for China to climb to the top |
| Hong Kong yuan deposits in June. China is now | | | | is the state of the current global economy, the |
| making it easier for yuan transactions between banks | | | | decrease in demand for exports and the rise of |
| and companies in Hong Kong as well as those | | | | unemployment. |
| transferring cash in order to buy wealth-management | | | | Some experts even feel that China's GDP will fall in |
| products. | | | | the next few years. Hedging might be a great digital |
| Traders might want to pay attention to the Asian | | | | options and forex strategy for traders of forex and |
| currencies, in particular the yuan, the Chinese | | | | binary options for those who are cynical about the |
| currency which the Chinese government decided | | | | Chinese takeover of the world. |