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China's yuan to maintain a reasonable range against the US dollar following short-term fluctuations: experts

Experts anticipate a resilient exchange rate for the yuan, with fluctuations within a reasonable range, despite its recent decline beyond 7 per US dollar. They believe that the depreciation trend is transitional, citing favorable factors such as a strengthening Chinese economy and the potential cessation of US interest rate hikes, which will provide additional support to the exchange rate. ....

Tencent posts sound revenue growth in Q1

Chinese internet heavyweight Tencent Holdings Ltd posted a 11 percent rise in revenue in the first quarter, beating analyst expectations and showcasing a sound growth momentum amid the country’s optimized COVID-prevention policies. ....

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China's digital economy exceeds 50 trillion yuan

In 2022, China's digital economy exceeded 50 trillion yuan ($7.15 trillion) for the first time, as the digital economy is playing an important role in the national economy, Economic Information Daily reported on Thursday, based on a number of newly released researches. ....

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China quickly expanding use of yuan in global trade as it seeks to dethrone US dollar as world's top currency

The Chinese government is taking the country's currency – the yuan or renminbi – global in a bid to oust the United States dollar as the world's foremost currency. Chinese President Xi [.] ....

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Century-old Zhang Yuan in Shanghai becomes new landmark after restoration

Dating back to 1882, Zhang Yuan is hailed as the ....

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