China bank hints at new renminbi rise – Mure Dickie

From Financial Times:

China’s central bank stoked expectations of further appreciation on Wednesday by saying the exchange rate could play a role in addressing international payments imbalances.

The statement, in the People’s Bank of China‘s second quarter monetary report, came a day before China announced a record trade surplus for the third straight month in July, data that would add to the pressure on Beijing to adjust its currency.

There has been speculation that Beijing is poised to take a bolder approach toward the renminbi after keeping it under tight control since scrapping its peg to the US dollar a year ago.[Full Text]

Categories :

Tags :,



Google Ads 1


Giving Assistant

Amazon Smile

Google Ads 2

Anti-censorship Tools

Life Without Walls

Click on the image to download Firefly for circumvention

Open popup

Welcome back!

CDT is a non-profit media site, and we need your support. Your contribution will help us provide more translations, breaking news, and other content you love.