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China's Forex Reserves Dip to $3.16 Trillion Amid Strengthening Dollar
China's State Administration of Foreign Exchange (SAFE) revealed on Thursday that by the end of August, the country's foreign exchange reserves stood at $3.16 trillion. This marks a decrease of $44.2 billion from the end of July, a decline of 1.38%, hitting a six-month low. China's State Administration of Foreign Exchange (SAFE) revealed on Thursday that by the end of August, the country's foreign exchange reserves stood at $3.16 trillion. This marks a decrease of $44.2 billion from the end of July, a decline of 1.38%, hitting a six-month low. -
China's Central Bank Cuts Forex Reserve Requirement, Bolstering Yuan Past 7.24 Mark
In a move to bolster the yuan, the People's Bank of China (PBOC) announced its decision to reduce the foreign exchange reserve requirement ratio for financial institutions. This marks the first such reduction this year and the third in its history. In a move to bolster the yuan, the People's Bank of China (PBOC) announced its decision to reduce the foreign exchange reserve requirement ratio for financial institutions. This marks the first such reduction this year and the third in its history. -
Onshore and Offshore Renminbi Break "7" Against US Dollar: Expert Says There's Little Room for Significant Depreciation
Wang Youxin, senior researcher at the Bank of China Research Institute, believes that while risk aversion may temporarily strengthen the dollar, it currently shows signs of being overvalued. Wang Youxin, senior researcher at the Bank of China Research Institute, believes that while risk aversion may temporarily strengthen the dollar, it currently shows signs of being overvalued. -
Chinese Yuan Drops To Record Lows Amid Freefalling Overseas Stocks
Yuan dropped to its lowest since 2007. Yuan dropped to its lowest since 2007. -
Yuan Rapid Appreciation Unsustainable, Ex-PBOC Official Says
The recent appreciation of the Chinese yuan is temporary and unsustainable. The recent appreciation of the Chinese yuan is temporary and unsustainable. -
China Calls Trump Threats Of Split ‘Unfeasible, Unreasonable'
Decoupling is “a dead-end doomed to go nowhere,” China’s Foreign Minister Wang Yi says. Decoupling is “a dead-end doomed to go nowhere,” China’s Foreign Minister Wang Yi says. -
Asian Shares Rise, With China Leading Gains
European markets were also set to open higher on Monday after EU leaders made headway on a plan to revive their economies. European markets were also set to open higher on Monday after EU leaders made headway on a plan to revive their economies. -
Asian Shares Fall On Fraying U.S.-China Ties
Asian stocks were down broadly despite upbeat China GDP news. Asian stocks were down broadly despite upbeat China GDP news. -
China Stock Rally Pauses On Profit-Taking
Asian shares were down broadly across the board on Friday, with the week-long surge in China coming to an end. Asian shares were down broadly across the board on Friday, with the week-long surge in China coming to an end. -
Asian Stocks Edge Up, Yuan Hits 4-Month High
Most Asian stock indexes were higher on Thursday as investors looked forward to earnings season. Most Asian stock indexes were higher on Thursday as investors looked forward to earnings season.