Today news
About the same in other media
As Yuan Hits New Lows, China Responds With Restraint
Reading now: 641
SINGAPORE—Confronted by the relentless rise of the U.S. dollar, China’s central bank is seeking to slow, rather than halt its currency’s decline, highlighting the difficulties of rowing against the powerful currents in the global economy that are propelling the dollar higher.
The strategy also reflects the awkward policy trade-off between managing the yuan’s value and supporting economic growth that is confronting officials in the world’s second-largest economy.
Read more on wsj.comAbout this in other media
IMF Cuts 2023 Global Growth Forecast, Citing Inflation, War and China Slowdown wsj.com /1 year ago
China rushes to control new Covid cases across the country cnbc.com /1 year ago
Chinese chip stocks tumble after U.S. calls for new curbs on high-end tech cnbc.com /1 year ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
![Buyer confidence wanes as Axie Infinity [AXS] drops below $13](https://fvbb.com/storage/thumbs_400/img/2022/10/3/42742_5pb.jpg)
