Chinese Yuan Slides, Stock Futures Whipsaw After Debt Swap Plan
The yuan declined while Chinese stock futures whipsawed after authorities announced a total 10 trillion yuan ($1.4 trillion) program to refinance local government debt, signaling investors weren’t impressed with the latest attempt to support the economy. The yuan sank as much as 0.6% in offshore trading, pulling its Asian peers such as the Australian and New Zealand dollars weaker.
China has unveiled an ambitious plan to relieve public debt, aiming to turn local governments away from belt-tightening ...
Exchange rate between US dollar and yuan could become a bargaining chip in negotiations between China and the US on tariffs, ...
According to the General Administration of Customs, China's high-tech product exports in the first nine months of 2024 ...
China unveiled a 10 trillion yuan ($1.40 trillion) debt package on Friday to ease local government financing strains and ...
Overnight volatility in the U.S. dollar versus the offshore Chinese yuan (CNH) soared to an all-time high, underlining ...
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China's top legislative body, the standing committee of the National People's Congress (NPC), did as was expected, approving ...
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The rate, which didn’t carry a clear strengthening bias, signals authorities are bracing for further yuan weakness in case ...
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