Published • loading... • Updated
The RMB Is Appreciating Near a Four-Year High. Analysis: The Central Bank Is Worried About the Rapid Appreciation.
Summary by 大纪元 Epoch Times
This story is only covered by news sources that have yet to be evaluated by the independent media monitoring agencies we use to assess the quality and reliability of news outlets on our platform. Learn more here.2 Articles
2 Articles
(Dan Tri Newspaper) - The Chinese yuan (CNY) has risen to its strongest level in over three years, but China remains cautious because a rapid appreciation could put pressure on exports while domestic demand remains weak.
The yuan has continued to strengthen recently, with the onshore yuan rising to 6.6950 against the US dollar at one point, a more than three-and-a-half-year high. The People's Bank of China recently raised concerns for the first time about preventing a "herd effect" in the foreign exchange market, expressing concern about excessively rapid appreciation. With China's exports remaining strong and domestic demand still weak, a rapid appreciation of …
·New York, United States
Read Full ArticleCoverage Details
Total News Sources2
Leaning Left0Leaning Right0Center0Last UpdatedBias DistributionNo sources with tracked biases.
Bias Distribution
- There is no tracked Bias information for the sources covering this story.
Factuality
To view factuality data please Upgrade to Premium
