Chinese Yuan Appreciates Against USD; Reshuffle of Provincial Party Heads; Beijing and Prague Clash Over Taiwan; US Sanctions Act 2021; DJI Scrutinized in US; Unicorns

Intelligence and Insights on China's government actions, foreign policy, economy, and the capital markets.

Unforeseen appreciation and hidden gems

The developments we highlight today will undoubtedly carry over into next week and beyond amid important shifts that might appear routine, but are in fact consequential.

An unexpected currency appreciation has authorities looking for answers and China’s economy grapples with other growing pains.

A personnel reshuffle…

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