Techniques for managing internal stakeholders
Collaboration with internal stakeholders is crucial to the success of any new product or feature, but how does one engage team members who aren’t under their purview. The challenge becomes much harder when the company grows quickly from 30 to 300 people. In this lecture we will try to analyze a few behaviors which can help in such a situation.
Collaboration with internal stakeholders is crucial to the success of any new product or feature, but how does one engage team members who aren’t under their purview. The challenge becomes much harder when the company grows quickly from 30 to 300 people. In this lecture we will try to analyze a few behaviors which can help in such a situation.
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SHANGHAI, Dec 6 (Reuters) - The yuan was little changed on Friday
against the dollar, but is headed for its tenth straight weekly
loss amid concerns that new tariff threatened by President-elect
Donald Trump will heighten strains on the struggling
Chinese economy.
Analysts expect the dollar to remain firm as
Trump's policies are expected to drive up U.S. inflation, but they
believe Beijing will prevent the yuan from falling too much.
"We anticipate some depreciation pressure in an expected strong dollar environment,"
Lynn Song, Greater China chief economist at
ING, said in a note.
However, "we don't expect an intentional large-scale depreciation and think the yuan will remain a low-volatility currency vis-à-vis most other Asian currencies." The yuan was changing hands at 7.2549 per dollar around midday, little moved
from the previous close.
Although the currency has rebounded from a one-year low of 7.2996 hit on Tuesday, it is poised to register its longest weekly losing streak since 2018.
The dollar index fell to one-week low overnight and "the USD's consolidation should unwind the upside pressure building" in the yuan, aided by ongoing attempts by
China's central bank to restrain its decline, said Alvin Tan, strategist at RBC Capital
Markets.
Recent data has painted a mixed picture of China's economic recovery, with manufacturing activities improving, but property
sales in many Chinese cities remaining weak. China's "economic landscape is unarguably dull, and the absence of excitement is perhaps the most salient feature," said John Browning, managing director
of BANDS Financial.
He doesn't expect huge stimulus to be announced during next week's Central Economic Work Conference,
as "Beijing's largesse will be reserved until after Trump is restored to the White House and the trade war formally begins." Top policymakers will gather at the
conference to agree on major economic goals for next
year.
But the target for 2025 growth, one of the most closely-watched indicators globally for clues
of Beijing's near-term policy intentions, likely will not
be officially announced until an annual parliament meeting in March.
During Trump's first term as president, the yuan weakened about 5% against the dollar
after the initial round of U.S.
tariffs on Chinese goods in 2018, and fell another 1.5% a year later when trade tensions escalated.
Growth worries and expectations of further monetary easing by Beijing pushed China's 10-year treasury yields below 2% to record lows this week,
worsening the yield disadvantage against the U.S., and exerting
downward pressure on the yuan. ING's Song expects the onshore yuan to move within a band between 7.00-7.40 per dollar, but could fall further to 7.50 "if tariffs come in earlier or more aggressive than our forecasts." LEVELS AT 03:47 GMT
GMT INSTRUME CURRENT UP/DOWN( % CHANGE DAY'S DAY'S LOW NT
vs USD -) VS.
YR-TO-DATE HIGH PREVIOUS CLOSE % Spot 7.255 0.09 -2.11 7.2518 7.2675 yuan -
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