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The Chinese yuan has fallen to its lowest level compared to the US dollar since the financial crisis in 2008. It is in good company because the euro and the British pound have declined by a similar level. But should the currency of the world's second-largest economy by now not be in a better position than the EU to stand up to the dollar? At present, there is little sign of that. The Chinese yuan is still far from being a global currency.
By Frank Sieren
"Women hold up half the sky" is one of Mao Zedong's most famous one-liners. Truth be told, he never actually said this. To this day, women in China are largely excluded from political power. Economically, on the other hand, they are steadily rising to the top of the world.
By Experts Table.Briefings
