China’s yuan poised for best quarter since 2020; state banks try to slow gains
SHANGHAI: China’s yuan eased slightly against the dollar on Monday but looked set to post its biggest quarterly gains since 2020, largely due to corporate unwinding of greenback holdings and Beijing’s latest burst of stimulus to prop up the economy.
The yuan rallied past the 7 per dollar milestone for the first time in 16 months as investors digested a raft of measures to ...
Chinese President Xi Jinping wants a strong yuan, not a superpower currency. Rather than replacing the dominant U.S. dollar, ...
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China's yuan briefly rose to its strongest level in over a year after Beijing unveiled a slate of stimulus measures to shore ...
Russian banks have nearly run out of their yuan stash, thanks to Chinese firms being more hesitant to do business with the ...
Chinese carmaker BYD is recalling about 97,000 of its best-selling electric vehicles (EVs), the Dolphin and Yuan Plus, ...
China's yuan hit a 16-month high against the U.S. dollar on Tuesday, after the central bank of the world's second-largest ...
Country Garden Holdings Co. has won bondholders’ approval to push back payments on its nine yuan bonds by six months, ...
BYD has issued a recall for nearly 100,000 Dolphin and Yuan Plus models, two of China’s top-selling EVs. The recall is due to a faulty steering control unit that could lead to a vehicle fire.
China's stock market opened higher on Monday, with the turnover on the Shanghai and Shenzhen stock exchanges exceeding 1 ...
The Control Yuan has initiated a probe to set up more stringent criteria on bisphenol A (BPA) use in plastic containers.
As U.S. sanctions tighten, Russias reliance on the yuan faces severe strain. Chinese banks may halt transactions with Russian ...
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