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Saturday, August 22, 2015
A key indicator of mainland China's manufacturing activity slumped to a 77-month low in August, an independent survey showed Friday, fueling concerns of further deceleration in the world's second-largest economy.
Thursday, August 20, 2015
Mainland China's triple yuan devaluation could hit France's lucrative luxury sector, which has already been impacted by Beijing's tough anti-corruption drive against spendthrift officials, analysts say.
Mainland China has injected nearly US$100 billion from its foreign exchange reserves into two policy banks, which lend based on government directives, to help spur the country's sluggish economy, state media reported.
Mainland China's volatile stock market is taking shareholders on a white-knuckle ride, threatening to drive out the small investors Beijing hopes will help pay for reforms of state industry.
Saturday, August 15, 2015
Mainland China's central bank on Friday raised the value of the yuan against the U.S. dollar by 0.05 percent, the national foreign exchange market said, ending three days of falls after a surprise devaluation.
Mainland China's market regulator on Friday vowed to stabilize the volatile stock market for a "number of years," saying a state-backed company tasked with buying shares will have an enduring role.
Mainland China's currency devaluation is a step in the long march to a more open regime for the yuan, analysts say, but authorities will need to further loosen their controls to promote long-term growth.
Friday, August 14, 2015
Yuan weakened for third day as markets reassured
Mainland China weakened its currency for the third consecutive day Thursday, but financial markets that had been shaken by the surprise devaluation took heart as authorities pledged not to let the yuan plummet.
What's are the reasons for China's currency devaluation?
The slide continues. China's currency fell further Wednesday, keeping global investors on edge. The yuan slid 1.6 percent on top of a 1.9 percent drop engineered Tuesday by the mainland Chinese government. The currency's nosedive is giving investors plenty to worry about:
Even as data indicate that mainland China's economy is in a fragile state, Chinese demand for New York City real estate remains strong as developer Oceanwide Holdings Group Co. has agreed to acquire a pair of sites in Manhattan for US$390 million.
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