LONDON — China let its yuan weaken below 7 yuan per … floor to its lowest in the onshore market since the 2008 global financial crisis. In offshore markets, the yuan fell to its weakest…
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Recent Posts
China’s yuan goes through 7 to the dollar to an 11-year low
China’s yuan falls below sensitive level of 7 to U.S. dollar
Trump rattled financial markets Thursday by announcing plans for 10% tariffs on an additional $300 billion of Chinese goods, effective Sept. 1. That would extend penalty duties to almost all U.S. … ( read original…
Chinese currency falls to financial crisis levels on trade war woes
China’s currency the renminbi has fallen to its lowest level against the dollar since the financial crisis, crashing through the seven-per-dollar threshold after an escalation in the US-China trade … ( read original story …)
GM looks to the future by investing in technology
We believe technology is the key to turn the vision into reality,” said Matt Tsien, GM executive vice-president and president of GM China, on Tuesday in Shanghai. Improving research and development of … ( read…
China c.bank says will deepen regional financial reforms
BEIJING — China will deepen its regional financial … a vice governor of the People’s Bank of China, said on Monday. Chinese policymakers have pledged to maintain support for the slowing … ( read original…
Beijing Risks Economic Self-Harm by Weaponizing the Yuan
Rarely has such a small move in markets been so closely watched—or had so much at stake. The People’s Bank of China, which has defended seven to the dollar previously, undoubtedly allowed the currency ……
China central bank says will deepen regional financial reforms
BEIJING (Reuters) – China will deepen its regional financial reforms, using various policy tools to lower corporate funding costs, especially for small firms, Chen Yulu, a vice governor of the … ( read original story…
China Hits Back at Trump With Weaker Yuan, Halt on Crop Imports
After trying to placate Donald Trump for more than a year only to face tariffs on virtually all its shipments to the U.S., China is signaling it’s ready to play hardball. In a stark escalation…
China Says Yuan Breaks 7 on Tariff Threats, Vows Stability
“Today’s move suggests that China sees there is a need to allow more currency flexibility to counter the headwinds from the trade front.” The yuan has “fundamental support” from a healthy economy, … ( read…
China Mobile HK Opens Hong Kong’s First Ever 5G Experience Store
China Mobile Hong Kong’s (CMHK) recently opened Hong Kong’s first ever 5G Experience Store to the public, making a great leap forward into the 5G era, with the licensing of 3.3GHz, 3.5GHz and 4.9GHz ……
China Mobile Hong Kong opens first flagship store in Central
China Mobile Hong Kong (CMHK) opened its first flagship store in Central, designed to demonstrate the new opportunities brought by 5G technology to the public. Spanning 2,800 square feet, the … ( read original story…
In China, Big Brother is watching you even as you sort your trash
China’s interlocking system of surveillance cameras, as it infiltrates governmental initiatives, shows just how technology is reshaping the relationship between those who govern and those who are … ( read original story …)
China Prepares to Allow Investors to Buy Xiaomi, Meituan Shares
Hong Kong Exchanges & Clearing Ltd.’s years-long push for weighted-voting rights, which are often used by tech founders to keep control of their companies even after going public, was in part premised … ( read…
