Jan. 24 (Asia Today) --China set its benchmark yuan exchange rate against the U.S. dollar below the psychologically significant 7-yuan level for the first time in two years and eight months, signaling ...
The Chinese yuan exchange rate has fallen below the psychological support level of 7 yuan per dollar, continuing its strong performance. The onshore yuan exchange rate closed at 6.99 yuan per dollar ...
IN well-connected circles within China, the yuan’s persistent weakness is increasingly being seen as an obstacle to the country’s growth. A rising number of Chinese economists and former central bank ...
BEIJING, Dec 13 (Reuters) - China will firmly prevent overshooting risks of the yuan exchange rate and keep the rate basically stable, its central bank said on Friday, state media reported. The People ...