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De-dollarization is not working out in China, where businesses are hanging onto their US dollars
Business Insider· 2 days agoChinese businesses are holding back from converting their foreign-exchange earnings to Chinese yuan....
China’s March new yuan loans seen rebounding, more stimulus expected – Reuters poll
WHTC 1450 Holland· 2 weeks agoBEIJING (Reuters) - China's new yuan loans are expected to rebound in March from a sharp drop in...
China to facilitate Hong Kong IPOs and expand Stock Connect
Reuters· 11 hours agoChina will facilitate Hong Kong listings by leading Chinese companies and expand the Stock Connect cross-border investment scheme to ...
China's cycle of dollar hoarding and weakening yuan gets vicious
Reuters via Yahoo Finance· 4 days agoSHANGHAI (Reuters) -Chinese businesses are hoarding dollars because they expect their own currency...
PBOC Governor Downplays Yuan, Deflation Risks After GDP Surprise
Bloomberg via Yahoo Finance· 5 hours ago(Bloomberg) -- China’s central bank governor Pan Gongsheng downplayed risks from deflation and a...
China Maintains Yuan Defense After Currency Nears Red Line
Bloomberg via Yahoo Finance· 2 weeks ago(Bloomberg) -- China stuck to a pattern of keeping yuan weakness contained as pressure from a...
Major Chinese banks stop accepting yuan payments from Russia
The New Voice of Ukraine via Yahoo Finance· 1 day agoSeveral Chinese banks stopped accepting payments in yuan from Russia feared by sanctions from U.S, ...
F1 Chinese Grand Prix: Its Chaotic Revival and Cloudy Future
Motorsport.com· 6 hours agoOnline ticket sales for the 2024 Chinese Grand Prix launched at 8 p.m. China Standard Time on...
China moves to boost foreign investment in domestic tech companies
Reuters via Yahoo News· 10 hours agoChina will support overseas institutions to issue yuan bonds in the country, and also encourage tech...
Chinese Yuan Loses Ground Against U.S. Dollar
Barrons.com· 4 days ago"Despite China's announcement of a stronger-than-expected first-quarter GDP growth of 5.3%...the yuan remains near its lowest levels in five months," he...