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The first reaction by China’s state-media apparatus following the escalating U.S.-China trade war last week was to censor online commentary about the scale of tariffs. Now, it has responded with ...
According to Reuters, China's onshore Yuan has strengthened, while the Dollar/CNY has fallen to session low of 7.299 The Chinese Film Administration on Thursday said that it would "moderately ...
China will not be able to wield a weaker yuan as a weapon in its deepening trade war with the U.S. due to concerns that such a move could trigger financial market instability, market watchers told ...
This is mainly because of the ongoing trade war with the United States and the weakening of the Chinese currency, the Yuan. Yuan at 17-Year Low On Wednesday, the Chinese Yuan dropped to its lowest ...
Postal Savings Bank of China has announced a commitment to provide no less than 10 trillion yuan in financing to private businesses over the next five years, reinforcing its dedication to ...
China’s yuan closed at its weakest level in over 17 years on Wednesday, following a record-low drop in its offshore counterpart overnight, as tensions from the escalating U.S.-China trade war ...
China is guiding the yuan weaker at a carefully orchestrated pace, as the central bank seeks to blunt some of the economic impact of the trade war without destabilizing financial markets.
He added that the next escalation, if it comes, could also involve a sharp devaluation of the yuan. “Selling the US Treasury bonds and devaluing significantly the yuan will be sort of the next stage ...
HONG KONG, April 9 — China’s yuan ended at its weakest level in more than 17 years today after its offshore counterpart fell to a record low overnight, as an escalating Sino–US trade war rattled ...
Beijing lowered the yuan’s daily reference rate only slightly on Wednesday, despite the offshore yuan hitting a record low overnight, signalling China’s determination to stabilise its currency ...