China's Yuan Strengthens

Asian markets stabilized Friday, with some even rebounding, as China’s yuan traded slightly stronger after its steep devaluation earlier in the week.

Topics:  china s   yuan   
BING NEWS:
  • South China’s Guangdong to hit new milestone as 2024 GDP expected to surpass 14t yuan for the first time: report
    South China's Guangdong Province's GDP in 2024 is estimated to have surpassed 14 trillion yuan ($1.91 trillion), marking a new milestone as it becomes the first province in China to achieve this, the ...
    01/15/2025 - 3:18 am | View Link
  • China's State Grid outlays record $88.7 bln investment for 2025
    China's State Grid will invest a record over 650 billion yuan ($88.7 billion) in the country's power grid this year, state-run CCTV said on Wednesday, up from 600 billion in 2024.
    01/14/2025 - 8:28 pm | View Link
  • China Faces Harsh Dilemma as Yuan Comes Under Pressure
    The economy suggests a weaker yuan. But the prospect of capital flight makes Beijing wary of allowing any sudden depreciation.
    01/14/2025 - 12:12 am | View Link
  • Country Garden posts losses in overdue FY 2023, H1 2024 results
    Country Garden , once China's top property developer by sales, posted on Tuesday a net loss of 12.84 billion yuan ($1.75 billion) for the first half of 2024, as conditions deteriorated amid a ...
    01/13/2025 - 11:29 pm | View Link
  • China's yuan loans grow by 18.09t yuan in 2024
    BEIJING -- China's yuan-denominated loans rose by 18.09 trillion yuan ($2.52 trillion) in 2024, central bank data showed on Tuesday. The M2, a broad measure of money supply that covers cash in ...
    01/13/2025 - 8:10 pm | View Link
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