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BBCNEWS Asia Business Report June 4, 2024 23:32:00

Creating a social media platform, well, it s hard, but when it works, it really works. the reverse, however, is also true. and when communities leave a social media platform, they can do so pretty quickly. remember myspace? anyone? michelle fleury there. chinese officials are closely watching the performance of the renminbi, it has fallen by almost 5% against the us against the us dollar this year making it one of the worst performing currencies in the region. something to note china does not have a floating exchange rate determined by market forces. instead, it pegs the yuan to the us dollar. if you look at this chart, it shows how much yuan you can get for one us dollar in the last six months. the people s bank of china the central bank there sets the midpoint fixing for the currency. the yuan can trade within the 2% range. recently, that midpoint has been fixed higher to tackle the slide of the currency. earlier i spoke to galvin chia ....

Social Media Platform , Michelle Fleury , Exchange Rate , Market Forces , One Us Dollar , Galvin Chia Of Natwest Markets , Midpoint Fixing , Central Bank ,

yuan: Some Indian refiners paying Russian oil suppliers in Yuan

Some Indian refiners, including a private refiner, have paid for some Russian oil imports in Chinese currency Yuan following such demands from suppliers, according to people familiar with the matter. ....

Indian Oil , Nayara Energy , Reliance Industries , Some Indian , Chinese Yuan , Indian Refiners Paying Russian Oil Suppliers , Indian Refiners ,

BBCNEWS Asia Business Report June 4, 2024 00:31:00

This is the first time a us treasury secretary has visited china since the covid pandemic and this is the environment they find themselves in. for example, trade restrictions. one point of contention is over rare earth metals, essential components to make semiconductor those which are used in everything from smart phones to military equipment. earlier this week beijing said it will require a special license to obtain two metals predominantly mined in china stopping this move has seen a retaliation against export bands put in place by the united states of critical technology needed for artificial intelligence and quantum computing. both sides argue that these bands are neededin argue that these bands are needed in the interest of national security. another issueis national security. another issue is the weakening yuan. china s currency has lost nearly 5% of its value against the us dollar over the past year which makes chinese exports more competitive on the global market. the us has be ....

Treasury Secretary , Essential Components , Trade Restrictions , Smart Phones , Export Bands , Military Equipment , Artificial Intelligence , Quantum Computing , United States Of Critical Technology , National Security , Issueis National Security ,

Traditional opera star's career reaches new stage

Traditional opera star's career reaches new stage
chinadaily.com.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chinadaily.com.cn Daily Mail and Mail on Sunday newspapers.

Shi Bailin , Hong Mei Zan , Lin Yufei , National Congress , Party Of China , Huangmei Opera , Plum Performance Award , Communist Manifesto , Anhui Huangmei Opera Theatre , East China , Communist Party , Fred Plum , From Yuan ,

SHANGHAI The yuan is hovering within striking distance of a 15-year-plus low against the dollar as U.S. interest rates settle firmly above their Ch ....

People Bank , 15 Year , China S ,