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Pakistan Textile Industry in Trouble

Apr 30, 2019

More trouble for Pakistan's beleaguered textile industry. The Institute for Policy Reforms (IPR) in a report outlining structural factors that have hurt the industry, has said that the textile industry has made inadequate investment in ...

Tags: Textile Industry, Textile machinery

RMB Weakens to 6.8972 Against USD Friday

Dec 9, 2016

The central parity rate of the Chinese currency renminbi, or the yuan, weakened 241 basis points to 6.8972 against the U.S. dollar Friday, according to the China Foreign Exchange Trading System. In China's spot foreign exchange market, ...

Tags: foreign exchange, Chinese currency renminbi

RMB Records Weakening Streak Against USD

Oct 13, 2016

The central parity rate of the Chinese currency renminbi, or the yuan, weakened another 160 basis points to 6.7258 against the U.S. dollar Wednesday, according to the China Foreign Exchange Trade System (CFETS). It was the weakest level ...

Tags: RMB, USD

You Need to Know About Yuan's SDR Inclusion

Oct 11, 2016

Chinese yuan or renminbi (RMB) has been included into the basket of special drawing right (SDR) of the International Monetary Fund (IMF) since Oct 1, marking a milestone in the internationalization of the RMB. Here are seven things you need ...

Tags: SDR Inclusion, RMB

Asustek, Gigabyte to Increase Motherboard Prices

Feb 23, 2016

Asustek Computer and Gigabyte Technology will increase motherboard retail prices in the China market in February to cope with potential foreign exchange losses arising from large fluctuations in exchange rate between the Chinese Yuan (CNY) ...

Tags: high-end models, motherboard

China Not The Cause of Global Economic Crisis

Jan 22, 2016

The world's stock markets are spiralling downwards. The U.S. equity market fell 10 percent last month. Investor terminology calls this a "correction" not a crash. But prospects don't look good. Big investors, banks and financial ...

Tags: Economic Crisis, investment banks

FTA Between China and Rok to Come Into Force on DEC. 20

Dec 22, 2015

The free trade agreement (FTA) between China and South Korea will officially come into force from Sunday, providing an opportunity for the two countries to push forward their already-close cooperation partnership further. Seoul's trade ...

Tags: FTA, China and ROK

China, S.Korea to Deepen Economic Ties with FTA Implementation

Dec 22, 2015

The free trade agreement (FTA) between China and South Korea will officially come into force from Sunday, providing an opportunity for the two countries to push forward their already-close cooperation partnership further. Seoul's trade ...

Tags: Deepen Economic Ties, FTA Implementation

Chinese Company Busted for Pirating Philips Automotive Lighting Products

Nov 10, 2015

Police in Eastern China’s Anhui province have seized 60,000 counterfeited Philips automotive lighting products valuing several million Chinese Yuan from a local company on Monday, reported LED-100.com. Authorities found 30,000 fake ...

Tags: Chinese market, counterfeited products, Philips automotive lighting

China to Accelerate Opening up of Capital Market

Nov 3, 2015

China will continue to support the inclusion of the RMB in the IMF Special Drawing Right (SDR) basket and push ahead with capital account liberalization and the internationalization of RMB, according to a proposal unveiled Tuesday. The ...

Tags: Capital Market, CPC

Li Keqiang's Home Truths About Chinese Economy

Sep 21, 2015

The 9th Annual Meeting of the New Champions, a World Economic Forum conference hosted each year in China. It has come to be known as the “Summer Davos,” opened on Wednesday in the city of Dalian. It has become customary for the ...

Tags: Chinese Economy, World Economic Forum

Monetary War of Competitive Currency Depreciation

Sep 21, 2015

The recent drop in the exchange rate between the Chinese yuan (RMB) and U.S. dollar, the so-called "black Monday" on China's stock market and successive steep fall of the primary commodity market allowed much of the world to accuse China of ...

Tags: stock market, RMB depreciation

China Continues to Pump Yuan Into Financial System

Sep 1, 2015

China's central bank continued to pump billions of yuan into the financial system on Tuesday to ease liquidity strains. The People's Bank of China (PBOC) conducted 150 billion yuan (23.6 billion U.S. dollars) of seven-day reverse ...

Tags: People's Bank of China, Liquidity Strains

China's Yuan Devaluation Impacts on Petrochemicals

Aug 16, 2015

China's surprise devaluation of the yuan on Tuesday, when the country's central bank set the official value of the renminbi about 2% weaker against the dollar, has not hit the petrochemicals complex in a significant way, industry ...

Tags: polymer, carbide PVC

Chinese Yuan Rises to 6.1213 Against USD

Dec 25, 2014

The value of the Chinese currency renminbi, or the yuan, strengthened by 34 basis points to 6.1213 against the U.S. dollar in its central parity rate on Thursday, according to the China Foreign Exchange Trading System. In China's spot ...

Tags: Chinese Yuan, U.S.dollar

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