(Bloomberg) — China took steps to limit weakness in the yuan, providing some stability to global financial markets in the wake of Monday’s rout. The People’s Bank of China on Tuesday set the daily ……
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Recent Posts
China Acts to Limit Yuan Plunge, Bringing Some Relief to Markets
China’s banking system continues to optimize
A resident withdraws 100-yuan banknotes from ATM machine at the Beijing Branch of the Bank of Communication in Beijing, capital of China. [Photo/Xinhua] China’s banking system saw improved … ( read original story …)
China Capital-Flight Fears Hang Over Yuan After Slide Past 7
Issuance so far this year is a record $138 billion. “Capital flight is still a major concern,” said Fraser Howie, who has two decades of experience in China’s financial markets and co-wrote the 2010 ……
China’s yuan tumbles further to U.S. dollar as trade war fears escalate
China’s yuan fell further Tuesday against the U.S. dollar, fueling fears about increasing global damage from Beijing’s trade war with President Donald Trump. The yuan declined to 7.0562 to the dollar … ( read original…
Air China to suspend Beijing-Hawaii route flights from August 27
BEIJING (Reuters) – Air China will suspend its flights on the Beijing-Hawaii route from Aug. 27 after a review of its network, China’s flagship carrier said on Tuesday, as travel demand … ( read original…
China’s yuan falls further to U.S. dollar amid trade war fears
BEIJING — China’s yuan fell further Tuesday against the U.S. dollar, fueling fears about increasing global damage from Beijing’s trade war with U.S. President Donald Trump. The yuan declined to … ( read original story…
China Says U.S. Allies Face Retaliation If They Host Missiles
China’s foreign ministry said in a statement late Monday that the country “will not sit idly by” in response to such threats, urging the U.S. to avoid escalating tensions. A ministry official … ( read…
Air China to suspend Beijing-Hawaii route flights from Aug 27
BEIJING (Reuters) – Air China will suspend its flights on the Beijing-Hawaii route from Aug. 27 after a review of its network, China’s flagship carrier said on Tuesday, as travel demand … ( read original…
China’s biggest chipmaker is still years behind its global rivals
Semiconductor Manufacturing International Corporation (SMIC), China’s largest contract chipmaker, is behind rivals when it comes to technology, analysts say. China is trying to boost its own … ( read original story …)
China’s yuan falls further to US dollar amid trade war fears
But they fueled fears Beijing might use devaluation as a weapon in its fight with Trump over U.S. complaints about China’s trade surplus and technology policies. The weakness of the yuan, also known … (…
Kyle Bass: If recession hits, China could lose 3 to 4 times more than US did in 2008
In an interview with Yahoo Finance, Bass drew comparisons between the 2008 crisis, and what might happen if world’s second-largest economy hits a rough patch — which may happen as the U.S-China trade … (…
Offshore yuan hits record low after U.S. brands China a currency manipulator
SHANGHAI (Reuters) – China’s offshore yuan hit a record low on Tuesday, fuelling fresh selling in global financial markets, after the United States branded Beijing a “currency manipulator … ( read original story …)
Yuan Steadies After China Fixes Currency Stronger Than Expected
(Bloomberg) — China’s central bank set its currency fixing stronger than expected, suggesting officials want to slow the pace of declines in the yuan. The People’s Bank of China set its daily … ( read…
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