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Search results for yuan

China expands consumer subsidies to boost spending as tariff risk looms
2 days, 23 hours ago

China expands consumer subsidies to boost spending as tariff risk looms

Live Mint  

China is widening the scope of its consumer goods trade-in program this year, as Beijing intensifies efforts to convince cautious households to spend as rising external uncertainties threaten exports’ ability to prop up economic growth. The National Development and Reform Commission, China’s top economic planner, said Wednesday that the government will include more products in its home appliance trade-in program …

China Consumer Chinese Program
Yuan eases to 16-month low, pressured by strong dollar
3 days, 5 hours ago

Yuan eases to 16-month low, pressured by strong dollar

Live Mint  

SHANGHAI, Jan 8 - China's yuan fell to a 16-month low on Wednesday, pressured by a strong dollar and tariff threats from U.S. President-elect Donald Trump's incoming administration, despite the central bank setting stronger-than-expected guidance. "The yuan is expected to face depreciation pressure, not only from tariff hikes but also from a significantly stronger dollar," said Wang Tao, chief China …

China Yuan Dollar Low Pressured
Rupee to face pressure as upbeat US data reignites dollar uptrend
3 days, 6 hours ago

Rupee to face pressure as upbeat US data reignites dollar uptrend

Live Mint  

By Jaspreet Kalra MUMBAI, Jan 8 - The Indian rupee is likely to open weaker on Wednesday after upbeat U.S. economic data lifted U.S. bond yields, prompting the dollar to resume its uptrend. The dollar index dipped during Asia trade to 108.5 after rising 0.3% on Tuesday as data showed that job openings in the U.S. grew to 8.098 million, …

India Data Indian Rupee Dollar
China counts on microwaves, rice cookers to revive economic growth
3 days, 9 hours ago

China counts on microwaves, rice cookers to revive economic growth

CNN  

Beijing Reuters — China has added more home appliances to the list of products that can be used in its consumer trade-in scheme and will offer subsidies for additional digital goods this year, in an effort to revive demand in the sluggish household sector. China last year apportioned about 150 billion yuan from the 1 trillion yuan special treasury bonds …

China Consumer Equipment Consumption Billion Yuan Ing
Sunac China flags difficulty making Sept dollar bond payments, sources say
4 days ago

Sunac China flags difficulty making Sept dollar bond payments, sources say

The Hindu  

Developer Sunac China has informed some of its dollar creditors it is unlikely to meet a September bond maturity deadline, two sources said, as weak sales raise the prospects for a new round of offshore debt restructuring in the property sector. Debt restructuring In Sunac's case, it is unclear if it would extend the maturity for the September 2025 tranche …

China Debt Restructuring Chinese Sept Cash Bonds
Rupee logs 9th straight week of losses, analysts expect more weakness
1 week ago

Rupee logs 9th straight week of losses, analysts expect more weakness

Live Mint  

By Siddhi Nayak MUMBAI, Jan 3 - The Indian rupee ended at a record closing low on Friday, pressured by a decline in the Chinese yuan, and logged a ninth straight week of losses due to the relentless rise in the U.S. dollar. China's yuan slid past the key 7.3 threshold to a 14-month low against the dollar on Friday …

Rupee Dollar Logs 9Th
Strong dollar keeps metals’ gains in check
1 week, 1 day ago

Strong dollar keeps metals’ gains in check

Live Mint  

By Violet Li and Mei Mei Chu SHANGHAI, Jan 3 - Most base metals edged up within tight ranges on Friday, influenced by mixed macroeconomic data from China and the United States, but gains were limited by a stronger U.S. dollar. The most-traded January copper contract on the Shanghai Futures Exchange dropped 0.3% to 73,070 yuan a ton. LME aluminium …

Yuan
Dollar eases in cautious start to 2025; yen lingers at five-month lows
Trending News
1 week, 2 days ago

Dollar eases in cautious start to 2025; yen lingers at five-month lows

Live Mint  

By Ankur Banerjee SINGAPORE - The U.S. dollar wobbled at the start of 2025 trade on Thursday after a strong year of gain against most currencies, with the yen anchored near its lowest level in more than five months as investors ponder U.S. interest rates staying higher for longer. A wide interest rate difference between the U.S. and other economies …

Trump 2024 Dollar Traders
PBOC Boosts Support for Yuan After Currency’s Year-End Tumble
1 week, 2 days ago

PBOC Boosts Support for Yuan After Currency’s Year-End Tumble

Live Mint  

-- China is keeping its hand firmly on the yuan, supporting the currency via the official daily reference rate after it slid to the weakest level since 2022 at year-end in offshore trading. China’s currency has come under pressure in recent months amid persistent concern about the country’s growth and escalating trade tensions with the US as President-elect Donald Trump …

China Chinese Yuan Bloomberg
China’s box office plummeted in an economic slump, in sharp contrast to a long-held theory
1 week, 2 days ago

China’s box office plummeted in an economic slump, in sharp contrast to a long-held theory

CNN  

Editor’s Note: Sign up for CNN’s Meanwhile in China newsletter which explores what you need to know about the country’s rise and how it impacts the world. Last year, China’s box office receipts plummeted by 23%, compared to 2023, to just 42.5 billion yuan, according to China Film News, an official newspaper under the China Film Administration, citing official numbers …

China Office Economic Movie Official According Shanghai
How China box office losing $1.64 billion in revenue due to historic industry downturn can dash Bollywood's 2025 hopes
1 week, 2 days ago

How China box office losing $1.64 billion in revenue due to historic industry downturn can dash Bollywood's 2025 hopes

Hindustan Times  

2024 may have been a year of revival for most language film industries in India, but across the border in China, the box office returns did not paint that pretty a picture. Reuters reported that as per official data, China's 2024 box office revenue slumped by almost a quarter from the previous year, dealing a blow to a limping domestic …

Film China Indian Office Indian Films Films 2024
Australian dollar now at risk of plummeting to pandemic-era lows, analysts say
1 week, 3 days ago

Australian dollar now at risk of plummeting to pandemic-era lows, analysts say

ABC  

The Australian dollar has fallen sharply, hitting a multi-year low of 61.88 US cents — a level not seen since October, 2022. "The problem with the Australian dollar appears to be that there was a real wobble in the Chinese currency into New Year's Eve," InTouch Capital Markets senior FX analyst Sean Callow said. The US dollar has performed strongly …

Interest Rates Interest Fall Chinese Rate Dollar Australian
Xi Jinping’s big remark: No one can ever stop Taiwan’s reunification with China
Trending News
1 week, 3 days ago

Xi Jinping’s big remark: No one can ever stop Taiwan’s reunification with China

Live Mint  

Chinese President Xi Jinping on Tuesday said that no one can ever stop Taiwan’s reunification with China, and reassured the Chinese public about the economy, which has slowed considerably after COVID-19. On foreign policy Xi, who is in his third five-year term, reiterated China's commitment to promoting global governance reform and contributing to the maintenance of world peace and stability. …

China Taiwan Chinese No One Xi Jinping Jinping
PBOC Steps Up Liquidity Injection With Fresh Tools At Year-End
1 week, 3 days ago

PBOC Steps Up Liquidity Injection With Fresh Tools At Year-End

Live Mint  

-- China’s central bank injected 1.7 trillion yuan of cash in December, dialing up liquidity support for the economy and financial markets at year-end. The People’s Bank of China conducted 1.4 trillion yuan in outright reverse repurchase agreements using three- and six-month contracts, aiming to maintain sufficient liquidity in the banking system, it said in a statement Tuesday. The increased …

China Bank Liquidity Month Yuan Pboc Steps
Bolstering stability and demand of yuan stressed
1 week, 4 days ago

Bolstering stability and demand of yuan stressed

China Daily  

China to increase the intensity of monetary policy easing, expert says China's monetary policymakers are expected to prioritize bolstering domestic demand while strengthening expectation guidance to prevent any sharp yuan depreciation in the coming year, economists and policy experts said. Luo Zhiheng, chief economist at Yuekai Securities, said he anticipates China to increase the intensity of monetary policy easing in …

Policy China Bank Central Rate Yuan Exchange
Smart pig farms boost pork quality, production
1 week, 4 days ago

Smart pig farms boost pork quality, production

China Daily  

The Neixiang Muyuan Meat Industry Complex, a smart pig farm owned by Henan-based pig farming giant Muyuan Group, comprises 21 six-story buildings, each with the capacity to produce 100,000 pigs annually. The highly intensive and intelligent pig farming facilities in Neixiang county, Henan province have significantly improved pig production efficiency and pork quality. Yuan Hebin, deputy general manager of Muyuan …

Henan Pig
每日一词 | 第五次全国经济普查 fifth national economic census
Top News
1 week, 4 days ago

每日一词 | 第五次全国经济普查 fifth national economic census

China Daily  

2024年12月26日，第五次全国经济普查主要数据正式对外公布。普查结果显示，2023年国内生产总值已经接近130万亿元，经济总量稳居世界第二，五年来我国对世界经济增长的贡献率平均在30%左右，是全球经济发展的最大增长源。 China published the results of its fifth national economic census on December 26, 2024. China's gross domestic product in 2023 reached nearly 130 trillion yuan according to the census results. As the world's second-largest economy, the country's average contribution to global economic growth has remained around 30 percent for the past five years, making it the largest driving force …

China Economic Growth
每日一词 | 第五次全国经济普查 fifth national economic census
Top News
1 week, 4 days ago

每日一词 | 第五次全国经济普查 fifth national economic census

China Daily  

2024年12月26日，第五次全国经济普查主要数据正式对外公布。普查结果显示，2023年国内生产总值已经接近130万亿元，经济总量稳居世界第二，五年来我国对世界经济增长的贡献率平均在30%左右，是全球经济发展的最大增长源。 China published the results of its fifth national economic census on December 26, 2024. China's gross domestic product in 2023 reached nearly 130 trillion yuan according to the census results. As the world's second-largest economy, the country's average contribution to global economic growth has remained around 30 percent for the past five years, making it the largest driving force …

China
Pop culture breathes new life into offline biz
Trending News
1 week, 4 days ago

Pop culture breathes new life into offline biz

China Daily  

In excess of 10,000 guzi stores set up in China market between Jan-Nov Over the past year, you might have wandered into a mall adorned with vibrant anime posters, stumbled upon stores packed with game figurines, or spotted products co-branded with virtual-world characters. At the heart of this growing phenomenon lies the buzzworthy "guzi economy", which is transforming retail and …

Billion Yuan Guzi
Association: Major minerals output in China hits new high
Trending News
1 week, 4 days ago

Association: Major minerals output in China hits new high

China Daily  

China's output of key mineral resources hit a new high this year with the extraction of 10 major nonferrous metals reaching a peak of 72.288 million metric tons in the first 11 months, a 4.4 percent year-on-year increase, the China Mining Association said on Monday. Last year, about 87 percent of China's listed mining companies were profitable, with two each …

Exploration Companies China Hits Mining Association
Policies expected to focus on bolstering demand, stability of yuan
Top News
1 week, 4 days ago

Policies expected to focus on bolstering demand, stability of yuan

China Daily  

By ZHOU LANXU and WANG KEJU | China Daily | Updated: 2024-12-31 07:08 Headquarters of the People's Bank of China, the central bank, is pictured in Beijing, China. China's monetary policymakers are expected to prioritize bolstering domestic demand while strengthening expectation guidance to prevent any sharp yuan depreciation in the coming year, economists and policy experts said. Luo Zhiheng, chief …

Policy China Bank Central Rate Yuan Exchange
EU urged to seek 'win-win' tariff position
Top News
1 week, 4 days ago

EU urged to seek 'win-win' tariff position

China Daily  

By WANG YU and ZHONG NAN | China Daily | Updated: 2024-12-31 09:25 A SAIC model is driven into a cargo ship headed to Europe. The European Union should adopt a mutually beneficial approach to resolve the trade issue over its anti-subsidy case with Chinese electric vehicles, as such an approach aligns with the bloc's interests, said Wei Jianguo, China's …

China Trade Economic Chinese Beijing Evs Wei
Policies expected to focus on bolstering demand, stability of yuan
Trending News
1 week, 4 days ago

Policies expected to focus on bolstering demand, stability of yuan

China Daily  

Headquarters of the People's Bank of China, the central bank, is pictured in Beijing, China. China's monetary policymakers are expected to prioritize bolstering domestic demand while strengthening expectation guidance to prevent any sharp yuan depreciation in the coming year, economists and policy experts said. Luo Zhiheng, chief economist at Yuekai Securities, said in an interview with China Daily that he …

Policy China Bank Central Rate Yuan Exchange
每日一词 | 第五次全国经济普查 fifth national economic census
Top News
1 week, 4 days ago

每日一词 | 第五次全国经济普查 fifth national economic census

China Daily  

2024年12月26日，第五次全国经济普查主要数据正式对外公布。普查结果显示，2023年国内生产总值已经接近130万亿元，经济总量稳居世界第二，五年来我国对世界经济增长的贡献率平均在30%左右，是全球经济发展的最大增长源。 China published the results of its fifth national economic census on December 26, 2024. China's gross domestic product in 2023 reached nearly 130 trillion yuan according to the census results. As the world's second-largest economy, the country's average contribution to global economic growth has remained around 30 percent for the past five years, making it the largest driving force …

China National Economic 第五次全国经济普查 Fifth