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Сhina's foreign exchange reserves at the end of March increased by $8 billion 580 million compared to the previous month, the People's Bank of China said. According to experts, the growth of reserves was not expected. The volume of foreign exchange reserves of China, the largest in the world, reached 3 trillion 99 billion yuan, marking an increase for the fifth consecutive month. At the same time, the growth of gold reserves in the country was insignificant. Last month they increased by 360 thousand ounces, reaching 60 million 620 thousand ounces. Their value has fallen to 78 billion 525 million dollars from the February level of 79 billion 498 million dollars. Since the beginning of 2019, the yuan has risen in price against the US dollar by more than 2%, in March its value decreased by 0.3%.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
China’s industrial firms had seen an increase in profits for two consecutive months. This came as the most rapid pace ever recorded in over a year, suggesting that the country’s recuperation from the novel coronavirus pandemic ...
Oil prices fell on Monday as a surge in coronavirus cases and the escalating U.S.-China tensions prompted a safe-haven bid. Brent crude slid 0.2%, or 8 cents, at $43.26 per barrel. U.S. West Texas Intermediate crude fell 0.2%, or 7 cents, ...
The dollar was under pressure on Monday as the escalating U.S.-China tensions weighed on the market, while investors worried that the U.S. coronavirus resurgence could stall economic recovery. The dollar fell to a four-month low on the yen ...
Oil prices rose on Friday as the dollar dropped to a near two-year low, but demand worries amid rising coronavirus cases and the worsening U.S.-China tensions capped gains. Brent crude gained 0.4%, or 15 cents, at $43.46 per barrel. U.S. West ...
KYC Policy