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The People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead on Monday at 7.0996 as compared to the previous day's fix of 7.1004 and 7.2267 Reuters estimates. ....
China’s longer-term benchmark lending rate was lowered this month after the central bank held its policy rates steady, according to data released by the People’s Bank of China. ....
Officials in China have struggled to kickstart economic growth as they battle a range of headwinds, including a prolonged property-sector crisis, soaring youth unemployment and a global slowdown that has hammered demand for Chinese goods. ....
On Tuesday, the People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead at 7.1068 as compared to Monday's fix of 7.1032 and 7.2080 Reuters estimates. ....