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China, Yuan and Trump
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.
China fights yuan weakness with steady interest rates as US tariff threats ease
China’s central bank kept its medium-term lending facility (MLF) rate locked at 2.0% on Monday, stabilizing the yuan as pressure mounts following Donald Trump’s U.S. election win. The People’s Bank of China (PBOC) injected 900 billion yuan ($124.
China Internet Information Center
1h
Chinese yuan strengthens to 7.1894 against USD Thursday
BEIJING, Nov. 28 (Xinhua) -- The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 88 pips to 7.1894 against the U.S. dollar Thursday, according to the China Foreign ...
2d
on MSN
China's central bank keeps medium-term loan rate unchanged amid yuan weakness
The yuan has come under pressure following Donald Trump's victory in the U.S. presidential election, with the offshore yuan ...
Opinion
ジャパンタイムズ
14h
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 ...
中国日报网
18h
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.
1d
China’s Steelmakers Narrow Losses But Conditions Still Bleak
Chinese steelmakers narrowed losses in October, after the government’s efforts to stimulate the economy encouraged more ...
22h
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 ...
China Internet Information Center
18h
China's 2024 box office hits 40 bln yuan, showcasing market resilience
China's 2024 box office revenue is at 40 billion yuan (5.56 billion U.S. dollars) as of Wednesday, according to film data ...
Bloomberg L.P.
3h
Rise of China’s Xinjiang as Coal Hub Undercuts Climate Goals
Output has surged 22% this year, the fastest growth of any region in
China
, and is on pace to top the half-billion ton mark ...
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