China's currency just hit its lowest level in a decade. What's next? - October 30, 2018

October 30 , 2018

CNN Business：China's currency just hit its lowest level in a decade. What's next?
CNN Business reports: "China's battered currency is trading at its lowest point since the global financial crisis, leaving investors asking how much farther it might fall.The yuan sank past 6.97 to the dollar in Tuesday morning trading in Asia, its weakest level since May 2008. The currency has now slumped more than 9% against the greenback since January, dragged down by interest rate hikes in the United States, fears over the health of China's economy and the trade war between the two countries."
New York Times：U.S. to Block Sales to Chinese Tech Company Over Security Concerns
The New York Times reports: "The United States said on Monday that it would block a Chinese state-owned technology company from buying American components because it posed a national security threat, the latest volley in an escalating dispute between the world's two largest economies. The company, Fujian Jinhua Integrated Circuit, a manufacturer of semiconductors, "poses a significant risk" of becoming involved in activities that might infringe on national security, the Commerce Department said."
TIME：China's Reversal of a Rhino Horn and Tiger Bones Ban Alarms Conservationists
TIME reports: "Reversing a 25-year-old ban, China announced Monday that it will allow the use and trade of rhino and tiger parts, enraging conservationists who warn the move will further jeopardize already imperiled species. China's State Council said the ban, enacted in 1993, would be partially lifted to allow tiger and rhino parts to be used for medicine, scientific research and "cultural exchanges," underscoring that the trade will be strictly controlled and the products must come from animals in captivity."

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