SHANGHAI – The Chinese government could take further measures if needed to keep the yuan stable, potentially putting downward pressure on the currency, a former foreign exchange regulator said. Policymakers …
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By Hannah Lang – A leading Senate Republican is urging the Biden administration to closely monitor the use of China’s recently launched digital currency during the Beijing Winter Olympics, where …
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BEIJING – New bank loans in China likely fell in December, although lending for the full year 2021 set a record, a Reuters poll showed, as the central bank maintained …
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SHANGHAI – China has released pilot versions of its digital yuan wallet application on mobile phone app stores as the country’s central bank steps up its push to develop its …
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BEIJING – China expects its retail sales to reach around 50 trillion yuan by 2025, the Ministry of Commerce said on Friday. China will further strengthen the effect of consumption …
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BEIJING – China’s central bank said on Wednesday that it would conduct a central bank bill swap on Dec. 29 The bill swaps, with a three-month tenor, are worth 5 …
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BEIJING – China’s new yuan loans are expected to rebound in November from the previous month as the central bank seeks to bolster slowing growth in the world’s second-biggest economy. …
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By Shashwat Awasthi – Bullish bets on the Chinese yuan hit a more than five-month high despite risks from a slowing property sector, while the prospect of an economic rebound …