2023-09-01 14:40:29 China has stepped up its efforts to stimulate the economy and prop up its currency, as investors remain concerned about the growth outlook. The People’s Bank of China (the central bank) said today, Friday, that it will reduce the amount of foreign currency deposits that banks must keep in the form of reserves … Read more
2023-07-16 07:30:00 economist expects Chinese economy recovers slowly The Beijing government needs more stimulus plans. to support economic activities And bring back the shaky consumer confidence. behindChinaStrong start to the year When strict COVID control measures are lifted But the latest data suggests that economic activity is declining rapidly. due to sluggish demand both domestically … Read more
2023-06-16 00:42:00 China’s yuan is gradually losing the competitive advantage of the US dollar. and has acquired the status of a world reserve currency. According to Igor Shuvalov, president of the Russian development organization VEB.RF, on the sidelines of the International Economic Forum in St. Petersburg. On Thursday (June 15) Chuvalov said countries around the … Read more
2023-06-09 00:56:23 According to the data released by the Passenger Federation on June 8, the retail sales of the passenger car market reached 1.742 million in May this year, a year-on-year increase of 28.6% and a month-on-month increase of 7.3%. In the first five months of this year, retail sales of passenger vehicles reached 7.632 … Read more
2023-04-26 22:01:53 By Le Figaro with AFP Published on 04/27/2023 at 00:01 This content is not accessible. Brazil had made a similar decision at the end of March. keymetric / stock.adobe.com Argentina will now pay for its Chinese imports in yuan rather than in dollars, like the other South American giant, Brazil, which took a … Read more
Al-Marsad Newspaper: Russian President Vladimir Putin announced the use of the Chinese yuan in settlements and commercial transactions with Asian, African and Latin American countries. “We support the use of the Chinese yuan in settlements between the Russian Federation and the countries of Asia, Africa and Latin America,” he said during his talks with Chinese … Read more
According to Archyde.comChinese construction companies received 101.8 billion yuan ($14.9 billion) in funding in December, citing data from analyst firm CRIC. This is a third more than in December 2021. The agency notes that such an active growth in the volume of funds raised is associated with the launch of a state program to support … Read more