A Japanese 1,000 yen banknote sits on a pile of South Korean won banknotes for an arranged photograph at a Woori Bank Co. branch in Seoul, South Korea.…
Read more ‘Chaotic era’ for Asian currencies: Bank of America is not bullish on any of themFactory activity in China in June contracted for a third month, official data released June 30, 2023 show. Weak China economic data in April and May have fanned…
Read more China’s factory activity shrinks for a third month as recovery momentum stallsHONG KONG, CHINA – JUNE 05: A pedestrian walks by an electronic screen displaying the numbers for the Hang Seng Index on June 5, 2023 in Hong Kong,…
Read more HKEX’s new dual counter scheme ‘solidifies’ Hong Kong’s role as yuan trading hub, CEO saysAerial photo shows the traffic flow on a viaduct in Nanjing, East China’s Jiangsu Province, June 16, 2023. (Photo by Costfoto/NurPhoto via Getty Images) Nurphoto | Nurphoto |…
Read more Goldman joins Wall Street banks in cutting China’s growth outlook as post-Covid bounce fadesSHANGHAI, CHINA – NOVEMBER 04, 2022: Buildings at Lujiazui Financial District are illuminated to celebrate the opening ceremony of the 5th China International Import Expo (CIIE) on November…
Read more China opens a new era of ‘proactive easing’ as the economic recovery turns sourPeople walk past buildings in Shanghai, Shanghai, China, on Friday, April 21, 2023. Bloomberg | Bloomberg | Getty Images Inflation in China stayed at low levels in May,…
Read more China’s producer prices plunge the most in seven years as deflation hangs over economyThe People’s Bank of China (PBOC) building in Beijing, China, on Tuesday, April 18, 2023. China’s economy grew at the fastest pace in a year in the first…
Read more Consumer prices in China rose 0.1% in April, the slowest rate in two yearsEmployees working on the production line of carbon fiber badminton rackets at a factory in Sihong County, in China’s Jiangsu province. China reported Saturday that factory activity in…
Read more Morgan Stanley upgrades its 2023 growth outlook for China, expects stronger and earlier reboundThe Chinese yuan weakened past the closely-watched 7.2 level against the greenback this week. Getty Images BEIJING — The People’s Bank of China has warned against betting on…
Read more ‘Do not bet’: China’s central bank warns against yuan speculation
