Latest News for: Chinese renminbi

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Market exchange rates in China -- Feb. 9

Xinhua 09 Feb 2023
BEIJING, Feb. 9 (Xinhua) -- The following are the central parity rates of the Chinese currency renminbi, or the yuan, against 24 major currencies announced on Thursday by the China Foreign Exchange Trade System.. Currency Unit Central parity rate in yuan. U.S. dollar 100 679.05. Euro 100 727.53. Japanese yen 100 5.1697. Hong Kong dollar 100 86.517 ... ■ ... 9. .
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Nouriel ‘Dr. Doom’ Roubini Warns About Demise of US Dollar

Bitcoin 08 Feb 2023
Roubini believes that the Chinese renminbi might be a substitute for the dollar, as new technologies like central bank digital currencies (CBDCs) and corporate payment rails contribute to a new landscape ... dollar by the Chinese renminbi due to a series of actions that the Chinese government has been executing since the Covid lockdowns.
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Chinese yuan strengthens to 6.7752 against USD Wednesday

China.dot.org 08 Feb 2023
8 (Xinhua) -- The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 215 pips to ...
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Chinese earthquake rescue team arrives in Turkey

FX Empire 08 Feb 2023
BEIJING (Reuters) – An earthquake rescue team dispatched by China’s government arrived in Turkey’s Adana Airport early on Wednesday, state broadcaster CCTV reported on Wednesday ... China has already committed to give a first tranche of 40 million yuan ($5.9 million) in emergency aid to Turkey ... ($1 = 6.7781 Chinese yuan renminbi) ... Advertisement ... Sign Up.
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Market exchange rates in China -- Feb. 8

Xinhua 08 Feb 2023
BEIJING, Feb. 8 (Xinhua) -- The following are the central parity rates of the Chinese currency renminbi, or the yuan, against 24 major currencies announced on Wednesday by the China Foreign Exchange Trade System.. Currency Unit Central parity rate in yuan. U.S. dollar 100 677.52. Euro 100 726.82. Japanese yen 100 5.1677. Hong Kong dollar 100 86.329 ... ■ ... 8. .
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China offers emergency aid of $4.4 mln to earthquake-hit Syria

Reuters 08 Feb 2023
BEIJING, Feb 8 (Reuters) - China will offer emergency humanitarian aid of 30 million yuan ($4.4 million) to earthquake-hit Syria, its foreign ministry spokesperson, Mao Ning, told a regular news briefing on Wednesday ... read more ... ($1=6.7823 Chinese yuan renminbi)Reporting by Ella Cao and Liz Lee; Editing by Jacqueline Wong and Clarence Fernandez ... ....
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China car sales plunge 38% in January as subsidies, tax cut end

FX Empire 08 Feb 2023
He said the Lunar New Year and the end of EV subsidies were among the factors leading to the decline. Chinese people celebrated a full week of the Lunar New Year holiday in the month, making it a quieter January compared with the previous years ... Tesla sold 66,951 China-made EVs in January ... The U.S ... ($1 = 6.7830 Chinese yuan renminbi) ... Advertisement ... ....
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China’s Jan new yuan loans seen hitting record high on policy support- Reuters poll

FX Empire 08 Feb 2023
BEIJING (Reuters) – Yuan loans extended by Chinese banks likely surged to a record high in January as the central bank moved to shore up growth in the world’s second-biggest economy following a lifting of pandemic controls. Chinese banks tend to ... ($1 = 6.7780 Chinese yuan renminbi).
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Sappi delivers solid performance for first financial quarter 2023

Cadillac News 08 Feb 2023
... Chinese economy are positive economic indicators ... The opening of the Chinese economy following the relaxation of Covid restrictions and strengthening of the Renminbi against the US Dollar represent upside potential toward the second half of the calendar year for the DP segment.
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Chinese yuan weakens to 6.7967 against USD Tuesday

Xinhua 07 Feb 2023
7 (Xinhua) -- The central parity rate of the Chinese currency renminbi, or the yuan, weakened 230 pips to 6.7967 against ...
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Global investors snatch up Chinese yuan assets amid recovery prospects

China.dot.org 07 Feb 2023
File photo shows a worker counts Chinese currency Renminbi (RMB) at a bank in Linyi, east China's Shandong Province. [Photo/Xinhua] ... The MSCI China Index rose nearly 12 percent last month, while Morgan Stanley reiterated its recommendation on investing in Chinese equities ... The strengthening Chinese yuan also heartened investors.
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China's luxury market shrank 10% in 2022 -Bain

Reuters 07 Feb 2023
ChinacategoryAnalysis ... View 2 more stories ... ($1=6.7868 Chinese yuan renminbi)Reporting by Sophie Yu and Brenda Goh; Editing by Clarence Fernandez ... DisruptedcategoryChatGPT mania pumps up Chinese AI technology stocks, article with image8.51 AM UTC ... failed to detect past Chinese spy balloons, Air Force general says, article with videoFebruary 6, 2023.
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Market exchange rates in China -- Feb. 7

Xinhua 07 Feb 2023
BEIJING, Feb. 7 (Xinhua) -- The following are the central parity rates of the Chinese currency renminbi, or the yuan, against 24 major currencies announced on Tuesday by the China Foreign Exchange Trade System.. Currency Unit Central parity rate in yuan. U.S. dollar 100 679.67. Euro 100 729.01. Japanese yen 100 5.1234. Hong Kong dollar 100 86.611 ... ■ ... 7. .
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China’s luxury market shrank 10% in 2022 – Bain

FX Empire 07 Feb 2023
By Sophie Yu and Brenda Goh. BEIJING (Reuters) – China’s luxury market contracted 10% in 2022 on the year, snapping a five-year streak of high growth, as Beijing’s zero-COVID policy and a slowing economy hit spending, Bain & Company said in a report on Tuesday ... “While optimism abounds, there are also risks ... ($1=6.7868 Chinese yuan renminbi) ... ....
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Xinhua China news advisory -- Feb. 6

China.dot.org 06 Feb 2023
Foreign investors buy more renminbi assets for handsome returns. -- Chinese vice premier inspects COVID response at schools ahead of new semester. -- Chinese ...

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