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Amid the negative spillovers of the United States' sharpest monetary tightening in decades, calls for shifting toward a multipolar international currency system have gained more attention this year and so has the role of the renminbi in the transformation. ....
Special bonds raise pickup hopes By ZHOU LANXU | China Daily | Updated: 2021-07-21 08:02 Share CLOSE Experts: Despite sluggishness, H2 room for scaling up local issuances will be ample China s issuances of local government special bonds, key instruments that partially fund investments in infrastructure projects, have decelerated in the first half of the year, creating room for scaling up in coming months, which should help anchor the economy, officials and experts said on Tuesday. Local government special bonds worth 1.0144 trillion yuan ($156.5 billion) were issued from January through June, accounting for only 28 percent of the annual issuance quota of 3.65 trillion yuan, the Ministry of Finance said on Tuesday. ....
SHANGHAI An appreciation in China’s yuan might not be a good way to deal with rises in commodity prices, the state-owned Economic Information Daily said in a… ....
Article content SHANGHAI An appreciation in China’s yuan might not be a good way to deal with rises in commodity prices, the state-owned Economic Information Daily said in a front-page commentary on Wednesday. Many market participants told Reuters they took the commentary in the paper, which is owned by the official Xinhua news agency, as a signal of China’s official stance towards recent discussion over the yuan and surges in factory-gate prices in the mainland. We apologize, but this video has failed to load. Try refreshing your browser, or Yuan appreciation may not be good way to tackle commodity price rise -state media Back to video ....