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Chinese yuan surged to a 16-month high
The Chinese yuan surged to a 16-month high, but Beijing may not be happy about it
The US dollar to offshore Chinese yuan, or CNH rate fell to as low as 6.9951, the first time it breached the 7 per dollar level since May 2023.
China's yuan surges to 16-month peak on new stimulus measures
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 economy revealed new stimulus measures, while the greenback extended declines against other major currencies after soft data on the consumer.
Chinese yuan hits strongest level against the dollar in 16 months
China's yuan briefly rose to its strongest level in over a year after Beijing unveiled a slate of stimulus measures to shore up the slowing economy.
China, Chinese stocks
China stocks extend stimulus rally as rest of Asia struggles
Chinese stocks made brisk gains on Wednesday, extending their stimulus-fueled rally to a second day, even as equities in the rest of the region struggled and crude oil retreated from a multi-week high.
Beijing's Bold Stimulus Boosts China and Hong Kong Stocks
China and Hong Kong stocks climbed for the second day following Beijing's announcement of a comprehensive stimulus package. Measures include rate cuts, easing mortgage requirements, and new funding for equity purchases.
Chinese Stocks Extend Gains on Continued Stimulus Optimism
Chinese stocks extended their gains on Wednesday as investors continued to bet that Beijing’s latest stimulus measures would help drive a market turnaround and kickstart the country’s sluggish economy.
Beijing, Chinese
US to ban Chinese tech in cars
The US is planning to ban certain hardware and software made in China and Russia from cars, trucks and buses in the US due to security risks. Officials said they were worried that the technology in question,
Beijing warns U.S. against taking ‘discriminatory actions’ after reports of new trade ban on cars with Chinese tech
The rules, if confirmed, would mark the latest escalation of a simmering trade row between the U.S. and China.
Beijing Slams Reported US Trade Ban On Cars With Chinese Tech
China warned the United States on Monday not to take "discriminatory actions" against its firms, following reports Washington is planning to ban the sale of vehicles using Chinese and Russian technology.
2h
Chinese homeowners cheer Beijing’s move to cut mortgage rates by a half point
Chinese homeowners hailed Beijing’s decision to cut mortgage rates by a half-point, though some believe the move will not ...
Opinion
8h
on MSN
Opinion
Opinion | Beijing Pushes on a Stimulus String
That’s not for lack of trying, since the policies announced Tuesday are among the most aggressive attempts at stimulus since ...
Business Recorder
4h
Chinese markets rally after Beijing pledges to slash rates
SINGAPORE:
Chinese
stocks posted their best day in years on Tuesday, the yuan jumped and bonds rallied briefly after ...
Military.com
2d
Biden Tells Quad Leaders That Beijing Is Testing Region at Turbulent Moment for Chinese Economy
The leaders expressed “serious concern about the militarization ... and coercive and intimidating maneuvers in the South ...
3h
on MSN
Beijing Threatens to Block Calvin Klein Owner’s Access to China
Beijing said it is investigating PVH, the owner of Calvin Klein and Tommy Hilfiger, setting up a potential block on the ...
1d
on MSN
US-China research has given Beijing's military technology a boost, House GOP says
A new report by congressional Republicans asserts that partnerships between the U.S. and China at universities over the past ...
KTEN
3h
Asian markets boosted again after another Chinese rate cut
Most Asian markets built on a global rally Wednesday as China announced another interest rate cut the day after unveiling a ...
The Dartmouth
1d
Chinese language study abroad program returns to Beijing
This summer, Dartmouth’s Chinese language study abroad program returned to Beijing after a five year pause, according to ...
Tennis World
2d
Jannik Sinner arrives in Beijing and tries to speak Chinese
Defending the title at the China Open, a tournament that launched the native of San Candido to the top of the ATP ranking, ...
Opinion
12h
Opinion
Beijing Pushes on a Stimulus String
China needs more private enterprise, not more cheap credit.
USNI
9h
Chinese Investment in Ports, Communication Seeks to Project Global Power, Says Panel
While the United States is unrivaled in projecting military power from 500-plus overseas bases, China’s investments in ports ...
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