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The yuan is enjoying a relief this month from the dollar’s decline but it’s weakening against other trading partners’ currencies, giving Chinese exports an edge in the face of steep US tariffs.
It won't de-throne the dollar, but as cross-border yuan payments surged to a record in March, analysts say there is renewed ...
It’s been a hectic April, as the whirlwind of tariff news after Trump’s 'Liberation Day' announcement consumed markets. Click ...
As China's President Xi Jinping strengthens Southeast Asian ties, the People's Bank of China seizes global trade disruptions ...
The yuan finished the domestic trading session at 7.2653 per dollar, its strongest close since March 31. It has now recovered all its losses since April 2, when U.S. President Donald Trump ordered a ...
A gauge of the offshore yuan’s borrowing cost in Hong Kong dropped to the lowest since data became available in 2013, putting ...
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Lu Lei, deputy governor of the People's Bank of China (PBOC), told reporters in Beijing that the external environment had ...
The decision comes amid encouraging first quarter growth figures, with GDP recording a 5.4% rise year-on-year.
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