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In May this year, China's foreign exchange reserves fell by 0.5% compared with April to 3 trillion 110 billion 620 million dollars, the People's Bank of China said. The currency reserves of the PRC continued to decline and in May fell to a minimum since October 2017. Analysts had predicted an even greater decline in reserves - up to 3 trillion 106.5 billion dollars. In May, the national currency of China showed the most significant drop since November 2016. The Yuan has fallen in price against the US dollar by 1.2%. China's gold reserves in May fell in value terms to 73 billion 739 million dollars from 77 billion 788 million dollars in April.
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 ...
The dollar sat near two-year lows on Wednesday as the United States struggled to control the coronavirus outbreak, breaking hopes for a fast economic recovery. The gloomy outlook for the U.S. economy is expected to urge the Federal Reserve ...
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 ...
KYC Policy