Asian currencies could be on ‘back foot’ despite U.S. rate cuts: JPMorgan
The U.S. dollar is expected to remain resilient despite possible Fed rate cuts this year. Jackal Pan | Moment | Getty Images Asian currencies could be on the “back foot”…
India oil minister Hardeep Singh Puri
Oil trades have sometimes been settled in the Chinese yuan, Russian ruble or Indian rupee, but the idea of “de-dollarization” — or moving away from the U.S. dollar to settle…
China’s deflation could spill over into a global concern, economists say
SHENZHEN, CHINA – MARCH 09: View of high commercial and residential buildings on March 9, 2016 in Shenzhen, China. General economic slowdown continues in China while the property price and…
HKD-RMB dual counter scheme solidifies Hong Kong’s yuan trading role: HKEX
HONG KONG, CHINA – JUNE 05: A pedestrian walks by an electronic screen displaying the numbers for the Hang Seng Index on June 5, 2023 in Hong Kong, China. (Photo…
China’s yuan weakens after the central bank cuts a key short-term rate
The People’s Bank of China (PBOC) building in Beijing on Dec. 15, 2022. Bloomberg | Bloomberg | Getty Images The People’s Bank of China on Tuesday cut a key short-term…
China’s economic recovery is off to a slow start
Wuhan’s GDP grew by 4% in 2022, better than the country overall. Pictured here on Jan. 20, 2023, is the city’s skyline along the Yangtze River. Hector Retamal | Afp…
China’s earlier reopening means earlier economic recovery: Analysts
A tai chi session in Nantong, East China’s Jiangsu province, on Oct. 23, 2022. The nation’s economy grew 3% for the full year of 2022 — the second-slowest growth rate…
Morgan Stanley upgrades its 2023 growth outlook for China
Employees working on the production line of carbon fiber badminton rackets at a factory in Sihong County, in China’s Jiangsu province. China reported Saturday that factory activity in April contracted…
China’s central bank PBOC warns against yuan speculation
The Chinese yuan weakened past the closely-watched 7.2 level against the greenback this week. Getty Images BEIJING — The People’s Bank of China has warned against betting on the yuan,…
Why China’s central bank is shoring up the yuan
The Chinese yuan has tumbled to two-year lows against the U.S. dollar in the last few weeks. Sopa Images | Lightrocket | Getty Images BEIJING — China’s central bank has…