China retaliates after Trump administration imposes new tariffs
China retaliated against newly imposed U.S. tariffs on Chinese goods. China announced 15 percent tariffs on American coal and liquefied natural gas and 10 percent on crude oil. The Trump administration said its tariffs were aimed at punishing China for the flow of fentanyl into the U.
But among the currencies of the six largest economies in the world, China’s renminbi is the only one that is not traded easily and accepted worldwide—that is, it is not a hard currency. China’s ...
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USD/CNY analysis: will the renminbi to hit an all-time low in 2025?The renminbi traded at 7.3000 on Tuesday morning, its lowest level since November 2023. It has dropped in the last 13 consecutive weeks and is slowly approaching its lowest level on record.
The central parity rate of the Chinese currency renminbi or the yuan strengthened 5 pips to 71693 against the US dollar Wednesday according to t ...
Oxford University Press, 2016, 344 pp, $29.95 (hardcover). Such is the scope and range of Eswar Prasad’s new book Gaining Currency: The Rise of the Renminbi. In it, the author capitalizes on the ...
Campanella, Edoardo, and Meg Rithmire. "What Future for the Renminbi in the Global Monetary System?" Chap. 7 in U.S.-China Relations for the 2030s: Toward a Realistic Scenario for Coexistence, ...
The Ministry of Finance said on Wednesday that it will issue this year first batch of renminbi-denominated treasury bonds in the Hong Kong Special Adm ...
Finally, Taiwan – home to Asia’s best-performing equity market, the Taiex, which returned close to 30% for 2024 – was the ...
CHINA announced more tools to support its weak currency on Monday (Jan 13), unveiling plans to park more US dollars in Hong Kong to bolster the renminbi and to improve capital flows by allowing ...
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Hong Kong’s total deposits up 7.1% in 2024Renminbi deposits fell, whilst RMB remittance rose in December. Total deposits with authorized institutions in Hong Kong rose ...
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