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China's economy will grow around 6.5% in 2017; yuan to continue falling: CASS Researchers
Mon, Dec 19, 2016
China`s economy will grow around 6.5% in 2017, while the yuan will continue to fall, government researchers said in Beijing on Monday.
China urges calm on yuan after US rate hike
Fri, Dec 16, 2016
The mouthpiece of China’s Communist Party said on Friday there was “no need to worry too much” about downward pressure on the yuan as the currency wallows at more than eight-year lows against the dollar.
China November data to show steady growth, but yuan, capital controls a worry: Reuters poll
Tue, Dec 06, 2016
A flood of data from China in coming weeks is expected to show the economy continued to grow at a steady pace in November, with inflation quickening and credit expanding at a faster pace despite concerns about rising debt, a Reuters poll showed.
China weakens yuan-dollar rate below 6.9 mark
Thu, Nov 24, 2016
China weakened the yuan's reference rate to beyond 6.9 to the dollar for the first time in more than eight years on Thursday as the surging greenback further pressures the carefully controlled unit.
China weakens yuan-dollar rate beyond landmark 6.8 level
Fri, Nov 11, 2016
China weakened the yuan`s reference rate to beyond 6.8 to the dollar for the first time in more than six years on Friday as the greenback rebounded strongly, with analysts warning the unit could drop further.
China's exports drop 7.3% on-year in October
Tue, Nov 08, 2016
China's exports slid 7.3% year-on-year to $178.2 billion in October, data showed on Tuesday, as weak global demand weighed on the world's second-largest economy.
China's forex reserves down nearly $46 billion in October
Tue, Nov 08, 2016
China`s foreign exchange reserves dropped nearly $46 billion in October, the central bank said, their second-largest decline this year as capital outflows eat into the world`s largest stockpile.
IMF includes China's yuan in elite club of reserve currencies
Sat, Oct 01, 2016
The yuan joins the US dollar, the euro, the yen and British pound in the IMF's special drawing rights (SDR) basket, which determines currencies that countries can receive as part of IMF loans.
China's August forex reserves fall to $3.19 trillion, lowest since 2011
Wed, Sep 07, 2016
China's foreign exchange reserves fell to the lowest since 2011 in August as the central bank intervened to support the yuan currency as it weakened to near-six year lows.
Brexit puts UK-China financial services relationships at risk
Sat, Jun 25, 2016
Friday's result also threatens to redefine Britain's growing financial services relationship with China, which has agreed to a number of joint projects as part of the China-UK Economic and Financial Dialogue (EFD) programme to deepen economic ties between the two counties, based largely on the UK's membership of the EU.
Chinese yuan falls to sixth place among most-used world payment currencies: SWIFT
Thu, May 26, 2016
The yuan jumped to the fourth place last August but gradually lost growth momentum as the volatile foreign exchange rate and China's sluggish economy dampened foreign investors' appetite to use or hold the currency.
Chinese yuan strengthens 55 basis points against dollar on Monday
Mon, May 23, 2016
The central parity rate of the yuan against the US dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day.