In the News: China's Currency Devalues; Shanghai FTZ Expands; Chinese JVs Set for Foreign Control; and UN Mediation Convention Signed

August 11, 2019 | BY

Vincent Chow

The U.S. Treasury labels China a currency manipulator after China's currency falls below seven to the dollar; China announces plans to double size of Shanghai FTZ and reduce restrictions on foreign businesses; JP Morgan and Morgan Stanley one step closer to taking control of respective JVs; and China and U.S. sign U.N Convention on Mediation in Singapore

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China Investment

US Labels China a Currency Manipulator after Yuan "Breaks 7"

China's currency fell below seven to the U.S. dollar last week, prompting the U.S. Treasury Department to call China a