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Chinese yuan surged to a 16-month high
The Chinese yuan surged to a 16-month high, but Beijing may not be happy about it
The US dollar to offshore Chinese yuan, or CNH rate fell to as low as 6.9951, the first time it breached the 7 per dollar level since May 2023.
China's yuan surges to 16-month peak on new stimulus measures
China's yuan hit a 16-month high against the U.S. dollar on Tuesday, after the central bank of the world's second-largest economy revealed new stimulus measures, while the greenback extended declines against other major currencies after soft data on the consumer.
Chinese yuan hits strongest level against the dollar in 16 months
China's yuan briefly rose to its strongest level in over a year after Beijing unveiled a slate of stimulus measures to shore up the slowing economy.
China’s yuan continues upward climb after Beijing’s stimulus roll-out
The yuan reached its highest level in over a year on Wednesday following interest rate cuts and new measures from China’s central bank.
11h
on MSN
Beijing is no longer hiding its panic about the state of its economy
The stimulus blitz announced on Tuesday is sparking market speculation that Beijing is panicking over the state of its ...
5h
Beijing Begins To Face Demographic Reality And Raises Retirement Ages
For years, demographic concerns were far from the minds of leadership in Beijing. Now they have become imperative.
5h
Beijing Daxing International Airport welcomes 5th anniversary of operation, Chinese cities strive to become world-class transport hubs
Passengers attend a celebration held by the Beijing Daxing International Airport on September 25, 2024, as the airport ...
19h
Chinese Stocks Extend Gains on Continued Stimulus Optimism
Chinese stocks extended their gains on Wednesday as investors continued to bet that Beijing’s latest stimulus measures would ...
18h
on MSN
Beijing Threatens to Block Calvin Klein Owner’s Access to China
The possible inclusion of PVH on an “unreliable entities list” comes as the U.S. challenges Chinese firms.
2h
Coco Gauff rocks beautiful Chinese garb after touring Great Wall
Tennis star Coco Gauff is in Beijing for the China Open, and is getting an immersive cultural experience with a tour of the Great Wall and a traditional qipao.
3d
on MSN
Biden tells Quad leaders that Beijing is testing region at turbulent moment for Chinese economy
President Joe Biden has told Indo-Pacific allies that he believes China’s increasing military assertiveness is an effort to ...
USNI
1d
Chinese Investment in Ports, Communication Seeks to Project Global Power, Says Panel
While the United States is unrivaled in projecting military power from 500-plus overseas bases, China’s investments in ports ...
kathmandupost
14h
Deputy Prime Minister Paudel meets Chinese Vice Premier He Lifeng in Beijing
Discussions focus on infrastructure development and project implementation, with commitments for enhanced cooperation.
1d
US-China research has given Beijing’s military technology a boost, House GOP says
A new report by congressional Republicans asserts that partnerships between the U.S. and China at universities over the past ...
5d
Exclusive: China Minsheng Bank cut Beijing staff pay by up to 50% in austerity drive
China Minsheng Bank , has cut pay by up to 50% for its Beijing branch employees, two people with direct knowledge of the ...
11h
Chinese homeowners cheer Beijing's move to cut mortgage rates by a half point
Chinese homeowners struggling to repay their loans hailed Beijing's decision to cut mortgage rates by a half point, though ...
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