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Leaning in to lead
Asia focus, Tanyatorn Tongwaranan, Published on 03/06/2019
» An extremely exuberant executive appears before me in a cream-coloured tweed jacket and neon-pink pants. She is petite but her upbeat and outspoken manner commands the spotlight instantly. A gleaming smile and frequent laughter mark a down-to-earth personality.
The devalued yuan and China's faltering economic transition
Asia focus, Published on 24/08/2015
» On Aug 11, the People's Bank of China (PBOC) undertook the largest single-day devaluation in 20 years by pushing down the value of the yuan by 1.9% against the US dollar. That was followed by two more days of reference-rate adjustments that knocked almost 4% off the value of the currency. At that point, Beijing assured nervous global markets that it was satisfied with the new rate around 6.4 to the dollar and would aim for "stability" going forward.