Chinese Yuan

China expected to defend yuan if it weakens

China’s authorities, who’ve allowed the steepest yuan decline since the 2015 devaluation, are likely to step in and defend the currency should it fall further to a key level.Most of the 18 traders and analysts surveyed by Bloomberg say policy makers will act to slow the currency’s slide once it gets close to 6.7 per United States (US) dollar in China’s onshore market. That’s about one percent below current levels.

30 June 2018
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China's role as market anchor at risk

The slump in China’s yuan is stoking fear that policy makers are less willing to temper the currency’s decline as the economy slows and a trade battle with the United States (US) worsens.That’s a sharp turnaround from just a few weeks ago, when the yuan was in effect serving as an anchor for emerging economies facing rising global interest rates and a strengthening US dollar.

27 June 2018
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China's yuan sinks to five-month low

A selloff in China’s currency deepened after the central bank moved to free up capital for banks and as investors braced for the next round in an escalating trade dispute with the United States (US). Stocks fluctuated, while government bonds were little changed.The yuan slid as much as 0.4 percent to 6.5223 per US dollar, its weakest since 10 January, while the offshore exchange rate dropped for an eighth day.

25 June 2018
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Xi to transform China into global power by 2050

President Xi Jinping warned of “severe” challenges while laying out a road map to turn China into a leading global power by 2050, as he kicked off a twice-a-decade party gathering expected to cement his influence into the next decade.In a speech that ran for more than three hours on Wednesday, Xi declared victory over “many difficult, long overdue problems” since he took power in 2012.

18 October 2017
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