Global investment banks rush to trim yuan forecasts under …
2 days ago · In comparison, the yuan depreciated by 5% in the initial round of U.S. tariffs on Chinese goods in 2018 and another 1.5% a year later when trade tensions escalated during …
What you need to know about China's $1.4 trillion debt package
3 days ago · China unveiled a 10 trillion yuan ($1.4 trillion) debt package on Friday to ease local government financing strains and stabilise flagging economic growth, but officials refrained …
CNY/USD: China Sets Yuan Fix at Weakest Since 2023 - Bloomberg
Nov 7, 2024 · China slashed the daily reference rate for its currency to a level unseen since late 2023, a sign the central bank is allowing depreciation under the threat of trade tensions with …
Live news: China fixes renminbi at weakest level in more than a year
2 days ago · China fixes renminbi at weakest level in more than a year. China fixed the renminbi at its lowest level since September 2023 as a stronger US dollar, investor disappointment over …
China’s march to strong yuan is long and perilous | Reuters
Sep 25, 2024 · HONG KONG, Sept 26 (Reuters Breakingviews) - Chinese President Xi Jinping wants a strong yuan, not a superpower currency. Rather than replacing the dominant U.S. …
Chinese yuan hits strongest level against dollar in over 16 months …
Sep 25, 2024 · China’s yuan hit its strongest level in over 16 months on Wednesday after Beijing unveiled a slate of stimulus measures to shore up the slowing economy on Tuesday. The …
Yuan Rises to Highest Since May as Short Carry Trades Abandoned
Aug 2, 2024 · China’s yuan climbed to its strongest since May as traders walked away from bearish bets amid a rebound in regional currencies and stronger prospects for US interest-rate …
China’s Banks Build $100 Billion Short on US Dollar to Prop Up Yuan ...
Sep 5, 2024 · China’s embrace of a stealthy strategy to manage its currency is exposing the nation’s banks to billions of dollars of potential losses — and handing easy profits to investors …
China's exporters enjoyed the benefits of a weak yuan. Now that's ...
Aug 8, 2024 · The “offshore” yuan traded in Hong Kong surged Monday against the U.S. dollar to its strongest level for 2024 — below 7.1 — before weakening slightly to around 7.18 as of …
China Tariffs Are Coming. Beijing’s Response Could Be a ... - Barron's
1 day ago · Thankfully, China resisted the urge, keeping the yuan stable. In the 25-plus years since then, China has at times driven the yuan lower, albeit by modest increments. Case in …
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