The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 441 pips to 6.6607 against the U.S. dollar Tuesday, according to the China Foreign Exchange Trade System. In China’s …
Monthly Archives For May 2022
central bank adds liquidity via reverse repos
The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 441 pips to 6.6607 against the U.S. dollar Tuesday, according to the China Foreign Exchange Trade System. In China’s …
COVID-hit Shanghai to end two-month lockdown on June 1
Shanghai on Monday announced an end to its two-month long COVID-19 lockdown, allowing the vast majority of people in China’s largest city to leave their homes and drive their cars from Wednesday.
Goldman Sachs discusses the stressors in China’s property market
Kenneth Ho of the investment bank weighs in on China’s property sector and its broader economy. Got a confidential news tip? We want to hear from you. Sign up for free newsletters and get more…
China draws from next year’s budget for local government handouts
China’s finance ministry has dipped into next year’s budget to hand over 400 billion yuan ($59.7 billion) to local governments to cover the cost of tax breaks and fee cuts designed to give businesses …
China plans to airdrop digital Yuan to improve its economy
China plans to airdrop digital Yuan worth around $30 million to improve its economy and increase public spending.
Bitcoin rallies above $30 000 as China eases Covid curbs
The largest cryptocurrency was up 5.2% to $30 687 at 2:21 p.m. in New York, its biggest increase since May 15.
Powell to meet Biden
USD rises amid Fed speak, higher UST yields and German inflation data; Month-end also in focus; Powell to meet Biden. General trend – US markets return from ho …
Airbnb Is Closing Its Domestic Business in China. Rival Apps Are Very Popular.
China’s splintered and chaotic homestay sector features numerous local players who understand the market better than outsiders.
China’s factory activity decline slows as Covid-19 curbs ease
China’s factory activity fell at a slower pace in May as Covid-19 curbs in major manufacturing hubs were relaxed, but movement controls continued to weigh on demand and production, raising doubts …
Shanghai moves toward ending 2-month COVID-19 lockdown
Shanghai authorities say they will take some major steps Wednesday toward reopening China’s largest city after a two-month COVID-19 lockdown.
Taiwan scrambles jets after China makes largest incursion into air defence zone since January
China has almost doubled its incursions this year, as it attempts to keep island under pressure …
Decline in China’s factory activity slows as COVID curbs ease
China’s factory activity fell at a slower pace in May as COVID-19 curbs in major manufacturing hubs eased, but movement controls continued to weigh on demand and production, raising concerns about …
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