Tag: Chinese Economy

March 06, 2024 BY PureContent

China targets 5% growth

Among the main targets of the country’s ruling Communist Party is boosting consumer spending as a way of driving the economy forward. 2023’s 5.2% growth had been an improvement on the meagre 3% achieved in 2022 as China continued to feel the effects of the COVID-19 pandemic. Li has spoken about having to find a…

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Crude oil prices could bounce as Coronavirus panic settles
February 13, 2020 BY Valentina Kirilova

Crude oil prices could bounce as Coronavirus panic settles

The following article was prepared by Alejandro Zambrano, Chief Market Strategist at ATFX. Coronavirus Spread Slows In late January, the financial markets reacted forcefully to the news of the Coronavirus. Most of the damage to markets occurred in the China stock indices, such as the Shanghai Composite, which slid by 13.32% from January 21 to February…

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November 23, 2016 BY Valentina Kirilova

MNI China Business Sentiment Indicator is up in November

The MNI China Business Sentiment Indicator, a gauge of current business confidence, rose 1.7% to 53.1 in November from 52.2 in October. Firms remained relatively more upbeat about the future, with the Future Expectations Indicator holding above the current measure, signalling that business conditions will likely continue to hold up. Key activity indicators also pointed…

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August 14, 2014 BY Mike Fox

Chinese Yuan long positions largest since late January

Reuters latest Asian currency survey reveals that bullishness in the Chinese yuan hit a near seven-month high, while sentiment on most emerging Asian currencies slightly deteriorated in the last two weeks on global economic risks, a Reuters poll showed on Thursday. Sentiment on the yuan turned the most optimistic since late January, as investors piled…

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August 11, 2014 BY Mike Fox

South Korea: RMB deposits hit record high while USD declines

In a telling info-graphic from the Korea Herald, they point to the high interest rates that RMB deposits are paying thus creating a higher demand for holding accounts denominated in renminbi rather than low interest paying currencies such as the dollar. In South Korea, renminbi deposits amounted to $16.2 billion according to the central bank,…

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