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China's yuan slides to 4-month low on Trump's tariff promise
China Firms’ FX Debt Slump Cuts Yuan Risks as Trump Tariffs Loom
Chinese companies’ foreign-currency debt load has shrunk significantly, reducing a key source of vulnerability as the yuan faces growing uncertainties under Donald Trump’s second presidency.The outstanding value of Chinese firms’ loans in non-yuan currencies fell to $570 billion as of the end of October,
China's yuan slides to four-month low on Trump's tariff promise
The yuan fell against the U.S. dollar to its weakest in nearly four months after U.S. President-elect Donald Trump said he would impose a 25% tariff on all products from Mexico and Canada, and an additional 10% tariff on goods from China.
Opinion
China will send a weaker yuan to the Trump front
Beijing’s long-standing line has been a commitment to keep the yuan 'basically stable.” But Trump’s return with his tariff threats may test that.
中国日报网
13h
China's 2024 box office hits 40b yuan, showcasing market resilience
BEIJING - China's 2024 box office revenue reached 40 billion yuan ($5.56 billion) as of Wednesday, according to film data ...
cryptonews
1d
‘China’s Digital Yuan Has Failed, and Has Weakened Xi’ – Report
A media outlet has claimed that China’s digital yuan project has “failed,” calling this “a sign” of President Xi’s “weakening ...
2d
Yuan to catch up to China’s position in world’s economy: ex-official
Outspoken former Chongqing mayor Huang Qifan says Hong Kong can play a key role in the internationalisation of the yuan.
20h
China’s Steelmakers Narrow Losses But Conditions Still Bleak
Chinese steelmakers narrowed losses in October, after the government’s efforts to stimulate the economy encouraged more ...
China Internet Information Center
6h
1st LD-Writethru-China Focus: China's 2024 box office hits 40 bln yuan, showcasing market resilience
Comedy has emerged as the standout genre of the year, according to Chen Jin, an analyst at box office tracker Beacon. Films with a central comedic element have collectively earned nearly 20 billion ...
19h
on MSN
China’s hottest new tourist attraction is 5,000 feet in the air
China has 3.7 million square miles of land to explore. But more and more young Chinese travelers are opting to see their ...
Crude Oil Prices
5h
China’s Industrial Sector Posts Large Profit Decline In October
China’s large industrial firms reported a 10 % Y/Y decline in profits in October, with the property and retail sectors hit ...
17h
Exclusive: China's Hesai to halve lidar prices next year, sees wide adoption in electric cars
China's Hesai Group , the world's largest maker of lidar sensors for autonomous driving, said it plans to slash the price of ...
9h
on MSN
JPMorgan Sees 10-15% Chinese Yuan Slide in Response to Trade War
China could allow its yuan to depreciate by as much as 10-15% in response to any trade wars unleashed by President-elect ...
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