Meanwhile, a weaker dollar in global markets coupled with calls from the U.S. Treasury for faster China exchange rate reforms pushed the yuan to a fresh high against the U.S. dollar.

The benchmark Shanghai Composite Index edged down 0.03 percent to 2,785.43. The index declined 4.9 percent Wednesday in its biggest fall in nearly eight months, and dipped by as much as 2.9 percent during Thursday’s session before recovering lost ground.

The Shenzhen Composite Index rose 0.6 percent to 659.33.

In currency dealings, the U.S. dollar was at 7.7583 yuan on the over-the-counter market at 0730 GMT, down from Wednesday’s close of 7.7739.

Subscribe to The China Post and save.  Click hereSharePrintEmail

Write a Comment

Enter your comments - 800 characters max

Receive China Post promos

Respond to this email