Tag Archives: yuan

Forex reserves increase for the sixth consecutive month

China’s foreign exchange reserves grew for a sixth consecutive month in July, as a stronger yuan and strengthened oversight over outbound investment helped curb capital outflows.

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Long-term plan to help yuan

Short-term capital controls may help fend off financial risks, but they will not last long at a time when the country is stepping up efforts to promote the yuan’s use in international trade and enhance market openness, say economists.

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Healthy relations ‘will benefit both’

China will continue to develop mutually beneficial and complementary trade relations with the United States regardless of US change of administration, said Ministry of Commerce spokesman Shen Danyang on Friday.

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‘Strong, stable’ renminbi gains strength against the dollar

The central parity rate of the yuan against the US dollar strengthened on Monday after Yi Gang, vice-governor of the central bank, said on Sunday that the currency remained strong and stable in the global monetary system.

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Stability for yuan seen in long run

A strong dollar and external uncertainties are creating pressure for short-term depreciation of the yuan, but economic fundamentals will help stabilize the exchange rate in the long run, the spokesman for the National Bureau of Statistics said on Wednesday.

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‘All policy tools’ to aid growth push

China and other key economies are ready to strengthen “policy-level coordination” toward balanced and sustainable growth in global business, a senior central bank official said on Thursday.

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