China’s yuan poised for best quarter since 2020; state banks try to slow gains
SHANGHAI: China’s yuan eased slightly against the dollar on Monday but looked set to post its biggest quarterly gains since 2020, largely due to corporate unwinding of greenback holdings and Beijing’s latest burst of stimulus to prop up the economy.
Chinese President Xi Jinping wants a strong yuan, not a superpower currency. Rather than replacing the dominant U.S. dollar, ...
The yuan rallied past the 7 per dollar milestone for the first time in 16 months as investors digested a raft of measures to ...
Russian banks have nearly run out of their yuan stash, thanks to Chinese firms being more hesitant to do business with the ...
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 ...
Chinese carmaker BYD is recalling about 97,000 of its best-selling electric vehicles (EVs), the Dolphin and Yuan Plus, ...
Country Garden Holdings Co. has won bondholders’ approval to push back payments on its nine yuan bonds by six months, ...
China's stock market opened higher on Monday, with the turnover on the Shanghai and Shenzhen stock exchanges exceeding 1 ...
The Control Yuan has initiated a probe to set up more stringent criteria on bisphenol A (BPA) use in plastic containers.
“Renminbi” and “yuan,” which is the primary unit of renminbi, are often used interchangeably. The international symbol for the currency is CNY. This post has everything you need to know ...
As U.S. sanctions tighten, Russias reliance on the yuan faces severe strain. Chinese banks may halt transactions with Russian ...
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