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China's yuan slides to 4-month low on Trump's tariff promise
China Draws a Red Line for the Yuan as Trump Risks Return
A key level is starting to emerge for the yuan, as China tightens its grip on a currency that is facing fresh tariff threats from US President-elect Donald Trump. The People’s Bank of China has consistently set its daily reference rate — Beijing’s preferred tool to guide yuan expectations — stronger than 7.
China's yuan slides to four-month low on Trump's tariff promise
The yuan fell against the U.S. dollar to its weakest in nearly four months after U.S. President-elect Donald Trump said he would impose a 25% tariff on all products from Mexico and Canada, and an additional 10% tariff on goods from China.
Opinion
China will send a weaker yuan to the Trump front
Beijing’s long-standing line has been a commitment to keep the yuan 'basically stable.” But Trump’s return with his tariff threats may test that.
中国日报网
14h
China's 2024 box office hits 40b yuan, showcasing market resilience
BEIJING - China's 2024 box office revenue reached 40 billion yuan ($5.56 billion) as of Wednesday, according to film data ...
cryptonews
1d
‘China’s Digital Yuan Has Failed, and Has Weakened Xi’ – Report
A media outlet has claimed that China’s digital yuan project has “failed,” calling this “a sign” of President Xi’s “weakening ...
2d
Yuan to catch up to China’s position in world’s economy: ex-official
Outspoken former Chongqing mayor Huang Qifan says Hong Kong can play a key role in the internationalisation of the yuan.
20h
on MSN
China’s hottest new tourist attraction is 5,000 feet in the air
China has 3.7 million square miles of land to explore. But more and more young Chinese travelers are opting to see their ...
China Internet Information Center
7h
1st LD-Writethru-China Focus: China's 2024 box office hits 40 bln yuan, showcasing market resilience
Comedy has emerged as the standout genre of the year, according to Chen Jin, an analyst at box office tracker Beacon. Films with a central comedic element have collectively earned nearly 20 billion ...
18h
Exclusive: China's Hesai to halve lidar prices next year, sees wide adoption in electric cars
China's Hesai Group , the world's largest maker of lidar sensors for autonomous driving, said it plans to slash the price of ...
1d
China’s Police Are Preying on Small Firms in Search of Cash
With localities facing budget holes, the police are crossing provincial borders to collect fines and draining company ...
China Internet Information Center
21h
China's industrial profits top 5.86 trillion yuan in Jan.-Oct.
The combined profit of major industrial enterprises went down 4.3 percent year on year in the January-October period, the ...
10h
on MSN
JPMorgan Sees 10-15% Chinese Yuan Slide in Response to Trade War
China could allow its yuan to depreciate by as much as 10-15% in response to any trade wars unleashed by President-elect ...
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