Business
‘Chaotic era’ for Asian currencies: Bank of America is not bullish on any of them
[ad_1] A Japanese 1,000 yen banknote sits on a pile of South Korean won banknotes for an arranged photograph at a Woori Bank Co.…
Tag: US Dollar/Chinese Renminbi FX Spot Rate
Business
China’s factory activity shrinks for a third month as recovery momentum stalls
[ad_1] Factory activity in China in June contracted for a third month, official data released June 30, 2023 show. Weak China economic data in…
World News
HKEX’s new dual counter scheme ‘solidifies’ Hong Kong’s role as yuan trading hub, CEO says
[ad_1] HONG KONG, CHINA – JUNE 05: A pedestrian walks by an electronic screen displaying the numbers for the Hang Seng Index on June…
Business
Goldman joins Wall Street banks in cutting China’s growth outlook as post-Covid bounce fades
[ad_1] Aerial photo shows the traffic flow on a viaduct in Nanjing, East China’s Jiangsu Province, June 16, 2023. (Photo by Costfoto/NurPhoto via Getty…
Business
China opens a new era of ‘proactive easing’ as the economic recovery turns sour
[ad_1] SHANGHAI, CHINA – NOVEMBER 04, 2022: Buildings at Lujiazui Financial District are illuminated to celebrate the opening ceremony of the 5th China International…
World News
China’s producer prices plunge the most in seven years as deflation hangs over economy
[ad_1] People walk past buildings in Shanghai, Shanghai, China, on Friday, April 21, 2023. Bloomberg | Bloomberg | Getty Images Inflation in China stayed…
World News
Consumer prices in China rose 0.1% in April, the slowest rate in two years
[ad_1] The People’s Bank of China (PBOC) building in Beijing, China, on Tuesday, April 18, 2023. China’s economy grew at the fastest pace in…
Business
Morgan Stanley upgrades its 2023 growth outlook for China, expects stronger and earlier rebound
[ad_1] Employees working on the production line of carbon fiber badminton rackets at a factory in Sihong County, in China’s Jiangsu province. China reported…
Business
‘Do not bet’: China’s central bank warns against yuan speculation
[ad_1] The Chinese yuan weakened past the closely-watched 7.2 level against the greenback this week. Getty Images BEIJING — The People’s Bank of China…