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11/10(二)
How China is expanding the yuan’s reach in Africa despite a…
China is making it easier for African countries to pay for Chinese-led infrastructure projects in yuan, but weak banking rules, high debt levels and historical dependence on the US dollar and euro continue to limit broader adoption of the currency, an Egypt-based political scientist said in an analysis released on Monday. Beijing had been expanding its financial influence across Africa by integrating Standard Bank, the continent’s largest lender by assets, into China’s Cross-Border Interbank...

Breaking | China’s imports outpace exports in October as Be…
China’s trade momentum remained strong in October despite a strong yuan, sending its year-to-date trade surplus above US$1 trillion amid rising scrutiny from Western countries over imbalances in imports and exports. Supported by the continuing technology cycle and a rebound in demand as US-China relations improved, the country’s exports rose by 35.2 per cent year on year to US$412.3 billion last month, according to Chinese customs data released on Tuesday, compared with the 36.3 per cent growth...
#China trade#China#US-China relations#Yuan#Xi Jinping#China economy

11/9(一)
China plans to boost yuan use in shipping risk-pricing, red…
China has unveiled a road map to strengthen its maritime insurance industry and expand the use of the yuan in shipping-related transactions, as Beijing seeks to reduce its reliance on Western-dominated insurance networks amid growing geopolitical tensions. The guidelines, jointly issued by seven government agencies on Friday, aim to strengthen domestic underwriting and risk-pricing capabilities while expanding insurance protection for China’s key imports and exports. The push comes as Western...

Editorial | European pressure won’t make the yuan appreciat…
Beijing has been letting the yuan appreciate gradually. Europeans expect a faster pace. The dispute, then, is not about direction but speed. Europe should learn patience and work with China. Top European Union officials are planning coordinated trips to Beijing to press for a stronger yuan to shrink a surging trade gap. Maarten Verwey, the European Commission’s director general for economic and financial affairs, will lead a delegation in the week of November 23. A year-end joint mission could...
#Yuan#China-EU relations#European Union#China trade#China exports#China

11/4(三)
Chinese exporters see respite as Beijing curbs yuan rise am…
The People’s Bank of China’s (PBOC) intervention to raise the foreign exchange reserve requirement ratio amid the yuan’s sustained rally has delivered a reprieve for China’s broader export sector, as the measure is expected to partly ease appreciation momentum driven by the country’s enormous trade surplus, analysts say. China’s goods trade surplus mounted to a record US$938.1 billion in the January-September period, rising from US$726.2 billion in the same period a year prior. With the full...
#China exports#Shanghai#China#Moody’s#Citic Futures#Foreign exchange market
