Latest News for: Chinese renminbi

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Chinese yuan strengthens to 7.1123 against USD Friday

Xinhua 08 Dec 2023
8 (Xinhua) -- The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 53 pips to 7.1123 ...
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Bonds find favor as hedging strategy

China Daily 08 Dec 2023
Foreign institutions' net purchases of Chinese bonds have exceeded 1 trillion yuan so far this year, with their increased holdings estimated to have touched 250 billion yuan in November ... Volatility in Chinese government bond yields has been relatively lower and the two-way fluctuation of the renminbi exchange rate has become normalized.
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Market exchange rates in China -- Dec. 8

Bahrain News 08 Dec 2023
8 (Xinhua) -- The following are the central parity rates of the Chinese ...
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In China's slowing beauty market, big brand discounts won't cut it

Reuters 08 Dec 2023
The Chinese branding professional says she now only spends on skincare essentials, joining millions of other consumers who have cut back on cosmetics in the world's second biggest market ... "What Chinese consumers are still keen to spend ... ($1 = 7.1608 Chinese yuan renminbi).
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Chinese yuan weakens to 7.1176 against USD Thursday

Xinhua 07 Dec 2023
7 (Xinhua) -- The central parity rate of the Chinese currency renminbi, or the yuan, weakened 36 pips to 7.1176 against ...
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Market exchange rates in China -- Dec. 7

Bahrain News 07 Dec 2023
7 (Xinhua) -- The following are the central parity rates of the Chinese ...
photo: Creative Commons / Windmemories https://commons.wikimedia.org/wiki/User:Windmemories
Zhengzhou Greenland Central Plaza in fog
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Insight: China's push to loosen Mao-era residence rules runs into hurdles

Reuters 07 Dec 2023
In recent months, Chinese authorities have fanned hopes among some economists that the internal passport system that has largely tethered people's destinies to their place of origin since the 1950s may be in its dying days ... Most Chinese ... ($1 = 7.1233 Chinese yuan renminbi).
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China’s currency revolution defies odds on the global stage

Cryptopolitan 06 Dec 2023
China’s renminbi has been on a wild ride this year, and it’s not just because of rollercoaster-like fluctuations in its value ... Companies earning renminbi through exports find their options for using the currency limited, often restricted to purchasing Chinese goods or paying off debts in renminbi.
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China's push to internationalize the yuan and reduce dependence on the US dollar is working, ...

Business Insider 06 Dec 2023
"That very same weak renminbi has achieved something quite impressive in 2023 ... "At the same time, the lack of convertibility of the Chinese currency makes it very difficult for investors keen to buy up renminbi assets."Read the original article on Business Insider.
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Chinese yuan weakens to 7.114 against USD Wednesday

Xinhua 06 Dec 2023
6 (Xinhua) -- The central parity rate of the Chinese currency renminbi, or the yuan, weakened 13 pips to 7.114 against ...
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China faces 5 big obstacles in its effort to de-dollarize and boost the yuan on ...

Business Insider 06 Dec 2023
"It remains to be seen the extent to which Chinese policies restricting renminbi convertibility will limit the currency's growing use in cross-border trade and finance," he added.China's financial system needs the dollar ... Nations could eventually shift away from China's renminbi ...
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Market exchange rates in China -- Dec. 6

Bahrain News 06 Dec 2023
6 (Xinhua) -- The following are the central parity rates of the Chinese ...
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Exclusive: China EV maker Nio to spin off its battery production unit

Reuters 06 Dec 2023
Companies. Apple IncFollow ... SHANGHAI, Dec 6 (Reuters) - Chinese electric vehicle maker Nio (9866.HK) plans to spin off its battery manufacturing unit, according to two people with knowledge of the matter, as part of the efforts by the company to turn profitable, reduce costs and improve efficiency ... GROWING LOSSES ... ($1 = 7.1579 Chinese yuan renminbi).
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Nio loss widens while vehicle sales climb 46%

Market Watch 05 Dec 2023
Nio NIO, +2.38% on Tuesday said it lost 4.56 billion Chinese renminbi, wider than the 4.11 billion renminbi it lost in the year-earlier ...
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How Chinese investors are thwarting China’s fight against dollar

Cryptopolitan 05 Dec 2023
The lure of higher yields has been irresistible for Chinese financial institutions, leading them to invest heavily in dollar bonds issued by LGFVs ... While the government strives to wean off the dollar and enhance the renminbi’s global stature, Chinese investors’ growing affinity for dollar-denominated bonds contradicts this objective.

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