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The People’s Bank of China announced that China’s banks have resumed the counter-cyclical adjustment factor in the Chinese Yuan official midpoint this month. This is the second move of Chinese authorities to mitigate currency depreciation pressure arising from the strong US Dollar and ongoing trade frictions.
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The People’s Bank of China announced that China’s banks have resumed the counter-cyclical adjustment factor in the Chinese Yuan official midpoint this month. This is the second move of Chinese authorities to mitigate currency depreciation pressure arising from the strong US Dollar and ongoing trade frictions.
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On 23 July 2018, China’s state council executive meeting hosted by Premier Li Keqiang announced the fiscal and monetary policy will be further fine-tuned aiming to boost domestic demand. Here are some key points to come out of the state council executive meeting.
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Learn about the key highlights from China’s Central Economic Work Conference (CEWC) in Beijing in December last year.
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