Search For "yuan"
Chinese yuan faces increased risk after trump's return to White House: Rep
Updated : 1 year, 4 months ago IST
A significant drop in the yuan could send a negative signal to global investors, suggesting deeper problems in China's economy,
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Taiwan Foreign Ministry proposes highest confidential budget in six years
Updated : 1 year, 4 months ago IST
Taiwan's Ministry of Foreign Affairs has proposed a confidential budget of TWD 1.82 billion for the next year, the highest in six years. The proposed increase of 53.48 per cent has sparked calls for transparency and public scrutiny, with the Legislative Yuan's Budget Centre urging the Minist
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EV makers set to invest USD 20 bn in South and Southeast Asia: S&P Glo
Updated : 1 year, 4 months ago IST
Claire Yuan, S&P Global Ratings credit analyst, said, "By our estimate, rated carmakers will be spending more than US$20 billion building electric vehicle [EV] production in South and Southeast Asia for the next few years. The expansion will likely enhance the business strength of some r
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Pakistan requests additional USD 1.4 billion loan from China amid ongoing
Updated : 1 year, 5 months ago IST
In a bid to tackle persistent external financing issues, Pakistan has formally requested an additional loan of 10 billion yuan (USD 1.4 billion) from China. This appeal comes amidst ongoing fiscal pressures and follows the utilisation of an existing trade finance facility.
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Pakistan requests China to increase currency swap agreement limit to 40 bi
Updated : 1 year, 5 months ago IST
Pakistan Finance Minister Muhammad Aurangzeb has requested the Chinese government to raise the limits of the currency swap agreement to CNY 40 billion, according to ARY News on Saturday.
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China's economic woes hit delivery workers hard, paychecks shrink by 1,000
Updated : 1 year, 5 months ago IST
The USD 200 billion Chinese food delivery industry, once a thriving sector that expanded during the Covid-19 pandemic, is now facing a downturn, according to a report by CNN. Delivery workers have been witnessing their paychecks shrink dramatically, increasing their financial struggles.
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Indian rupee depreciated marginally last quarter, long term outlook positi
Updated : 1 year, 5 months ago IST
The Indian rupee faced strong competition in the last quarter from other major Asian currencies, particularly Japan's yen and the Chinese yuan.
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China's harsh sentencing of Taiwanese activist sparks tensions in cross-st
Updated : 1 year, 6 months ago IST
Efforts to maintain exchanges between Taiwanese and Chinese citizens are facing severe challenges following China's harsh sentencing of a Taiwanese activist.
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US charges Chinese dissident with espionage for Beijing amid ongoing conce
Updated : 1 year, 7 months ago IST
The CBS report states that Yuanjun Tang, who had previously protested against the Chinese Communist Party during the 1989 Tiananmen Square demonstrations and later sought refuge in Taiwan and the US, is accused by prosecutors of agreeing to work for China's intelligence agency decades later.
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Chinese man indicted for illegally entering Taiwan via speedboat
Updated : 1 year, 7 months ago IST
The Chinese national, who claimed he was unable to leave China due to online speech issues, purchased a speedboat for 36,000 Chinese yuan (approximately USD 5,036) at Sandu'ao port in Ningde, Fujian Province, on June 8.
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Experts disappointed with China's Third Plenum Communique, which fails to
Updated : 1 year, 8 months ago IST
China recently completed the Third Plenum of its 20th Central Committee with a communique that puts a vague plan for the country's economy and lacks measures to address China's current economic problems, Voice of America reported, citing experts' opinions.
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China Third Plenum communique vague, cliche: Experts
Updated : 1 year, 8 months ago IST
China recently completed the Third Plenum of its 20th Central Committee with a communique which according to experts, puts a vague plan for the country's economy and lacks measures to address China's current economic problems, VOA news reported on Thursday.
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