China saw plunging new loans in February, largely due to the Lunar New Year holiday and a record credit surge in January. New yuan-denominated lending in February dropped to 726.6 billion yuan ($111.96 billion), 297 billion yuan less than ...
Tags: China's New Yuan, new loans
China's new yuan-denominated lending reached 6.56 trillion yuan (1.07 trillion U.S. dollars) in the first half of this year, the central bank said Tuesday. The volume was 537.1 billion yuan more than that in the same period of last year, ...
The Chinese currency has seen sharp volatility against the US dollar this week as a strengthening dollar stokes worries of the yuan's depreciation. The yuan continued to decline against the dollar on Wednesday with its spot exchange rate ...
Tags: China's New Yuan, Chinese currency
BEIJING-Signs of more appetite in China for steel and other materials and equipment used in construction add to evidence of an economic rebound, but one driven by a return to ramped-up spending on infrastructure and heavy industry the ...
Tags: Steel, Metallurgy, Mineral, Energy