After a volatile year in which the RMB was under considerable depreciation pressures,the RMB exchange rate has regained its footing and has since moved below 7.3,an upper bound the People's Bank of China(PBOC)may view...
On September,22nd,Guangzhou Haowei New Energy Technology Co.,Ltd.(Haowei New Energy)entered into a project investment agreement with Tongnan of Chongqing.The Agreement indicates that Haowei New Energy plans to invest ...
Relying on rick lithium resources and hydropower,lithium battery industry chain gets rapid development in Sichuan.Striking while the iron is hot,Sichuan provincial government hopes to build a world-class lithium batte...
Since March 24,2023,the renminbi(RMB)has depreciated against the US dollar,recording a drop of 5.74% by June 30.Simultaneously,the volatility in the US dollar's strong momentum was marked by two periods of decline fro...
In 2022,the RMB exchange rate(bilateral exchange rate against the US dollar,unless otherwisespecified)showstwo-wayandwide fluctuations due to the divergence of the US and China monetary policy and the interest rate sp...
In July,the Political Bureau of the CPC Central Committee held a meeting to discuss the US Dollar to Renminbi exchange rate(hereinafter referred to as the RMB exchange rate).This was the first time in two years that s...
During the first eight months of this year,the RMB exchange rate fluctuated in both directions before experiencing a depreciation.Though the US Dollar Index(USDX)seesawed lower,the RMB continued to depreciate signific...
In August,LuoPing Zinc&Electricity made announcement that the Company plans to integrate industrial resources by means of establishing a wholly-owned subsidiary.The Company plans to invest its own funds in establishin...
As China’s Cross-Border RMB Settlement As the world’s second largest consumer market and the biggest trader of goods,China has expanded the cross-border RMB settlement in an orderly manner,and deepened the market-or...