Press "Enter" to skip to content

CHECK THE WIRE FOR LIVE UPDATES

China makes moves that could encourage outflows as yuan’s sharp rally fuels market concerns

Last updated on January 7, 2021

The sharp appreciation of the yuan has resulted in capital inflows and given rise to concerns about its effects on exports and the country's manufacturing competitiveness, prompting policymakers to take actions to curb its ascent and encourage outflows.

The yuan's daily fixing strengthened 6.3 per cent against the US dollar last year, including 8.5 per cent in the second half. It has further strengthened more than 1 per cent so far this week . . .

To continue reading, please subscribe. You will get

 

    • THE  WIRE  - An Unrivalled Real-Time Platform providing up-to-the-minute updates of market-moving news and views utilising a network of journalists, traders, brokers, analysts, etc. We walk you through every trading day in China with marking-moving information you must know. Here are some screenshots of the wire updates.
    • IN-DEPTH & DATA-DRIVEN reporting on major events about China's economy, policy and financial markets.
    • DETAILS - We bring you important details that you won't find elsewhere.
    • WEEKLY NEWSLETTER with Editors' Picks

FREE TRIAL cancel anytime

Already have an account? Sign In

 

 

Top