Tag Archives: currency

Outbound cash flow slows in June

China faces less pressure from capital outflows, according to data released by its currency regulator on Thursday, and economists said the situation may continue to improve in the second half of this year.

Posted in Business | Also tagged , , , , , , , ,

Trade with US to rise as strain eases

China is willing to push forward the development of more balanced economic and trade ties with the United States, the Foreign Ministry said on Thursday in response to US President Donald Trump’s decision to not label China as a currency manipulator.

Posted in Politics | Also tagged , , , , , , , ,

Mongolia to get help from China

China extended its support to Mongolia on Monday for overcoming economic difficulties, as Foreign Minister Wang Yi announced a number of measures to help the debt-ridden neighbor.

Posted in Politics | Also tagged , , , , , , , ,

Renminbi can stave off currency attack

The billionaire hedge fund manager George Soros declared an “open currency war” this year, saying he was short selling Asian currencies. Soros is unlikely to achieve victory in challenging the Chinese renminbi. Despite China’s economic downturn since last year and its volatile stock market, as well as the renminbi’s depreciation against the U.S. dollar, it […]

Posted in Business | Also tagged , , , , , , , ,

China shifts how it tracks yuan’s value

Economists expect the yuan to continue depreciating slightly against the dollar as the US Federal Reserve appears poised to raise interest rates for the first time since 2006.
Some even predict that the Chinese currency will fall gradually to about 6.5 to the US dollar by the end of this month, and perhaps drop to 6.7 next year.

Posted in Business | Also tagged , , , , , , , ,

FX purchases decline on signs of US QE easing

China reported the first decline of foreign exchange purchases in seven months amid signs the United States will “taper off” its quantitative easing policy. Foreign exchange purchases by financial institutions, a major indictor of capital inflows or outflows, fell 41 billion yuan ($6.6 billion) to 27.39 trillion yuan last month, according to data released by […]

Posted in Business | Also tagged , ,