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China's yuan slides to 4-month low on Trump's tariff promise
China Draws a Red Line for the Yuan as Trump Risks Return
A key level is starting to emerge for the yuan, as China tightens its grip on a currency that is facing fresh tariff threats from US President-elect Donald Trump. The People’s Bank of China has consistently set its daily reference rate — Beijing’s preferred tool to guide yuan expectations — stronger than 7.
China's yuan slides to four-month low on Trump's tariff promise
The yuan fell against the U.S. dollar to its weakest in nearly four months after U.S. President-elect Donald Trump said he would impose a 25% tariff on all products from Mexico and Canada, and an additional 10% tariff on goods from China.
Opinion
China will send a weaker yuan to the Trump front
Beijing’s long-standing line has been a commitment to keep the yuan 'basically stable.” But Trump’s return with his tariff threats may test that.
16h
on MSN
China's yuan to hit record lows as U.S. tariff threat mounts, investment banks forecast
Major investment banks and research firms project offshore yuan to weaken to an average 7.51 per dollar through the end of ...
4h
China’s 2024 logistics volume expected to reach 360 trillion yuan
China's total social logistics volume is expected to reach 360 trillion yuan ($49.42 trillion), according to a report ...
13h
New US tariffs could push Chinese yuan to decades-low levels: analysts explain why
Analysts predict that new US tariffs, potentially reaching 60% on Chinese imports, could drive the yuan to its weakest level ...
cryptonews
2d
‘China’s Digital Yuan Has Failed, and Has Weakened Xi’ – Report
A media outlet has claimed that China’s digital yuan project has “failed,” calling this “a sign” of President Xi’s “weakening ...
3d
Yuan to catch up to China’s position in world’s economy: ex-official
Outspoken former Chongqing mayor Huang Qifan says Hong Kong can play a key role in the internationalisation of the yuan.
1d
China’s Steelmakers Narrow Losses But Conditions Still Bleak
Chinese steelmakers narrowed losses in October, after the government’s efforts to stimulate the economy encouraged more ...
3d
China c.bank injects $124 bln into banking system via one-year policy loans
China's central bank injected 900 billion yuan ($124.3 billion) into the banking system on Monday via one-year policy loans, ...
2d
China’s Police Are Preying on Small Firms in Search of Cash
With localities facing budget holes, the police are crossing provincial borders to collect fines and draining company ...
China Internet Information Center
1d
China's 2024 box office hits 40 bln yuan, showcasing market resilience
China's 2024 box office revenue is at 40 billion yuan (5.56 billion U.S. dollars) as of Wednesday, according to film data ...
5h
GT Voice: Yuan to stay stable, adaptive to cope with external pressure
Discussions regarding how China might adjust the Chinese yuan's exchange rate in response to external pressures have once ...
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