EghtesadOnline: China’s imports surged from a year earlier, posting the biggest gain in at least two years of yuan-denominated data. Economists said seasonal factors mostly explain the swing.
EghtesadOnline: President Donald Trump would have the support of Congress if he declared China a currency manipulator, as he pledged during the election campaign, according to two members of the Senate Foreign Relations Committee.
EghtesadOnline: President Donald Trump’s administration is considering a new tactic to discourage China from undervaluing its currency that falls short of a direct confrontation, the Wall Street Journal reported, citing people with knowledge of the policy.
EghtesadOnline: China's foreign exchange reserves fell for a sixth straight month in December to the lowest since early 2011, but held just above the critical $3 trillion level, as authorities stepped in to support the yuan ahead of U.S. President-elect Donald Trump's inauguration.
EghtesadOnline: China has studied possible scenarios for the yuan and capital outflows this year and is preparing contingency plans, according to people familiar with the matter. The offshore yuan surged the most in a year.
EghtesadOnline: China's wealthiest shoppers are spending at home again, roused from a three-year slumber by a weaker yuan, lower prices and a crackdown on overseas sales agents - a welcome boost for the world's luxury brands.
EghtesadOnline: Beijing needs to stem capital outflows and manage expectations when market jitters risk putting falls in China's yuan into a potentially destructive feedback loop, a senior Chinese central bank researcher said.
EghtesadOnline: China said on Monday it will stick to its opening up policy and "going out" strategy on investment even while a slide in the yuan to 8-1/2-year lows revives worries about capital fleeing the country.
EghtesadOnline: China's central bank is considering including cross-border yuan business into its assessment of macro-prudential risks in the country's financial system, online finance magazine Caixin reported on Saturday, citing unnamed regulatory sources.
EghtesadOnline: China's yuan joins the International Monetary Fund's basket of reserve currencies on Saturday in a milestone for the government's campaign for recognition as a global economic power.