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深夜的经济学|Late night economics: what did the People’s Bank of China do to the offshore RMB market?

The background:

China has two currency rates. One is onshore, which trades within a narrow band dictated by a central bank daily rate (the yuan is allowed to rise and fall by 2% of this fixed rate). 435 more words

China Challenged to Keep Yuan Stable as Dollar Rises

PBOC must support growth while keeping currency valuable enough to stem flood of wealth abroad

A customer counts Chinese Yuan bank notes at a market in Beijing. 966 more words

China says industrial output rose 6.0 percent per year as of end of April, retail sales rose 10.1 percent

AFP

© AFP/File | China’s industrial output rose 6.0 percent year-on-year in April

SHANGHAI (AFP) – China’s industrial output rose 6.0 percent year-on-year in April, the government said on Saturday, moderating from the previous month, raising questions over the strength of a rebound in the world’s second-largest economy. 554 more words

China Central Bank Releases Priorities for 2016

MOFCOM. April 24, 2016 – 16:41 BJT (19:41 GMT)   Xinhua.  The People’s Bank of China (PBOC), the country’s central bank, has unveiled its prioritized tasks for 2016.  263 more words

Ministry Of National Defense

Bounce in China’s economy may be short-term rebound, not long-term reversal, Experts warn

By Wendy Wu
South China Morning Post

PUBLISHED : Tuesday, 19 April, 2016, 9:15pm

 

Zhang Xiaoqiang warns the removal of obsolete capacity in the Chinese economy might lead to pressure on employment, increase bad loans by banks and drag down tax income and growth at the local government level. 548 more words

Mainland China central bank sets yuan sharply weaker following strengthening of US dollar

By Xie Yu
South China Morning Post

 Mainland China’s central bank set the yuan mid-price significantly weaker on Thursday morning, following a strengthening of the US dollar in the past two days, and after the mainland reported stronger-than-expected trade figures for March on Wednesday. 250 more words

China Stocks Up, But Japan’s Nikkei Falls on Rising Yen

The yen reached a fresh high against the U.S. dollar

Currency traders monitor the yen’s exchange rate with the dollar, top right, and Nikkey stock index, bottom right, at a foreign exchange brokerage in Tokyo on Monday. 460 more words