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Tag: Monetary

China-U.S. financial working group holds first meeting

wangxiao12/27/20230

BEIJING, Oct. 27 (Xinhua) — The China-U.S. financial working group held its first meeting via video link on Wednesday, China\’s central bank said Friday.
The two sides had professional, pragmatic, can

Commentary: A resilient Chinese economy rebuts naysayers

wangxiao09/06/20230

BEIJING, Sept. 5 (Xinhua) — When it comes to China, some Westerners have a tendency to draw conclusions based on incomplete or inaccurate information, often applying attention-grabbing negative label

Recovery to get more policy support

wangxiao07/25/20230

Recovery: Need for deepening reform, opening-up stressed
China will step up macroeconomic policy support in the second half of the year to further boost the nation\’s economic recovery, focusing on exp

Globalization of renminbi to boost stability

wangxiao07/24/20230

A worker counts Chinese currency renminbi at a bank in Linyi, East China\’s Shandong province. [Photo/Xinhua]
The internationalization of the renminbi is gathering momentum, and such a trend will help

Macao\’s forex reserves drop to 26.72 bln USD by June

wangxiao07/14/20230

MACAO, July 13 (Xinhua) — The preliminary estimate of Macao\’s foreign exchange reserves amounted to 215.7 billion patacas (about 26.72 billion U.S. dollars) at the end of June, the Macao Special Admi

Experts: Yuan to be defended if necessary

wangxiao07/07/20230

File photo shows a worker counts Chinese currency renminbi at a bank in Lianyungang, East China\’s Jiangsu province. [Photo/Xinhua]
Currency faces pressure amid Fed rate hikes, slowing economic rebound

China confident, capable in achieving growth targets: central bank governor

wangxiao06/10/20230

File photo shows an exterior view of the People\’s Bank of China in Beijing, capital of China. (Xinhua/Peng Ziyang)
SHANGHAI, June 9 (Xinhua) — China has the confidence, ability and conditions to achi

China\’s economy to pump energy in global economic recovery: spokesperson

wangxiao06/09/20230

BEIJING, June 8 (Xinhua) — The Chinese economy will continue to serve as an engine of growth and contribute to global economic recovery, a Chinese foreign ministry spokesperson said on Thursday.
The

Macao\’s broad money supply retreats in April

wangxiao06/06/20230

MACAO, June 5 (Xinhua) — Macao\’s broad money supply retreated by 0.5 percent month on month to 723.2 billion patacas (about 89.6 billion U.S. dollars) in April, the special administrative region\’s (S

Interview: More cooperation with China needed to address global trade challenges, says head of Int\’l Chamber of Commerce

wangxiao05/19/20230

GENEVA, May 19 (Xinhua) — More cooperation with China is needed to address the most pressing challenges against global trade, said the head of the International Chamber of Commerce (ICC), voicing opt

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