Tag: Chinas

China’s Xi pulls off one of the all-time power moves

Chinese President Xi Jinping wrapped up the People's Congress with a power move that vanquished his rivals and humiliated his predecessor.The moves leave no doubt that he personally consolidated power at the event,...

October 22, 2022

Heads up for China’s Communist Party week-long congress beginning Sunday

Chinese President Xi Jinping is poised to win a third term at the event. the seven members of the next Politburo Standing Committee (PSC) will also be named. The Congress last about a...

October 14, 2022

China’s digital currency passes 100 billion yuan in spending

© Reuters. FILE PHOTO: A sign indicating digital yuan, also referred to as e-CNY, is pictured at a shopping mall in Shanghai, China May 5, 2021. REUTERS/Aly Song SHANGHAI (Reuters) - Transactions using China's...

October 13, 2022

China’s digital yuan foray sees transactions surpass ¥100 billion

The number is put out by the PBOC, with the spending covering 360 million transactions in plot areas involving 15 provinces and municipalities. According to the central bank, there are more than 5.6...

October 13, 2022

China’s yuan snaps eight-day losing streak after strong PBOC warning By Reuters

© Reuters. FILE PHOTO: A China yuan note is seen in this illustration photo May 31, 2017. REUTERS/Thomas White/Illustration/ SHANGHAI (Reuters) -China's yuan bounced on Thursday from a 14-year low against the dollar hit...

September 29, 2022

China’s yuan unlikely to continue rapid depreciation -state media By Reuters

© Reuters. FILE PHOTO: Chinese yuan banknotes are seen in this illustration picture taken April 25, 2022. REUTERS/Florence Lo/Illustration/ SHANGHAI (Reuters) - is unlikely to continue depreciating rapidly, the state-owned Securities Times said...

September 29, 2022

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