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Yuan continues rally against greenback By CHEN JIA | China Daily | Updated: 2021-01-08 09:22 Share CLOSE View of signboards of Alipay, WeChat Pay and China UnionPay at a duty-free store in the Charles de Gaulle Airport in Paris, France. [Photo by Zhang Mingming/For China Daily]
Experts: Chinese currency s gains reaffirm global investor confidence
China s renminbi moved to the strongest value against the US dollar in more than two years on Thursday, as global investors continued to have faith in the nation s strong economic recovery.
The People s Bank of China, the central bank, set the midpoint rate for the onshore renminbi at 6.4608 per US dollar, almost at the strongest level since June 2018. Normally the renminbi exchange rate is allowed to move up or down by 2 percent around the midpoint rate.
ISLAMABAD: Prime Minister Imran Khan, citing reports, said on Thursday that as compared to Pakistan’s exports, exports of India and Bangladesh showed negative growth in November and December.