CNY

Jim Trippon submits:

At last! China investors have finally been rewarded for their patience. After a tough first half of the year, I was beginning to wonder when this day would come.

In Shanghai, stocks rang up their biggest weekly gain of the year. The Shanghai Composite Index jumped by more than 6% for a number of key reasons.

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World Market Pulse submits:

Before discussing the currency of modern day China and its derivatives and currency dealings, it is important to delve into this nation's glorious past and understand the root pattern of its currency and finances. China has had a long historical association with monetary development and money printing. It was after all the first civilization to use paper money. It’s said that in the ancient Song Dynasty in China, emperors themselves painted characters on the coins.

Trader Mark submits:

Please take all government data with many grains of salt, but...

#1 - China says it is engineering a slowdown "perfectly," (it was reported earlier this week that property prices actually fell last month for the first time in over a year after some breakneck increases) and Q2 GDP fell to 10.3% from the wicked 11.9% gain in the previous quarter. Inflation is back down below 3%.

David Hunkar submits:

The World Bank released its latest China Quarterly Update last month. The following are some of the key takeaways from the report: