The funds declined As the Chinese currency is not freely convertible under the capital account, the central bank has to purchase foreign currency generated by China's trade surplus and foreign investment in the country, adding funds to the money market. Such funds are an important indicator of cross-border foreign capital flow and domestic yuan liquidity.
Despite recent drops, China is still home to the world's largest forex reserve and enjoys forex inflows from its trade surplus and foreign direct investment. The central parity rate of the renminbi, or the yuan, weakened basis points to 6. China's yuan funds for foreign exchange drop in December Xinhua Updated: December was the 14th consecutive month of decline. An engine driving a global economic revival. Top 10 best global brands in Man who keeps trains on track.
Fake luxury items can't escape Beijing authentication center. No time to waste for young musician. Xiaomi releases 4G network-enabled notebook. Standalone VR goggles expected to boom in China. China monthly economic data. Churning out milk from grass to the glass. New direction to ride out perfect storm. President Xi visits Switzerland. Without written authorization from CDIC, such content shall not be republished or used in any form.
License for publishing multimedia online Registration Number:More...