China Exchange Rate


China: Chinese yuan strengthens slightly

October 16, 2011

By 15 October, the Chinese yuan (RMB or CNY) traded at CNY 6.39 per USD, which represented a slight 0.2% appreciation in nominal terms compared with the previous month. The yuan has appreciated an accumulated 3.3% versus the USD this year and, at the current level, is trading 3.8% stronger than the same day last year. Meanwhile, the People's Bank of China (PBOC) announced that its foreign exchange reserves barely grew in the third quarter mainly due to a weakening euro and rising risk aversion in international markets, which slowed capital inflows. In the third quarter, the foreign exchange reserves added a mere USD 4.2 billion (Q2: USD 152.8 billion increase), rising to USD 3.2 trillion. Consensus Forecast panellists expect foreign-exchange reserves to reach USD XX trillion by the end of this year. For 2012, the panel sees international reserves at USD XX trillion by the end of the year.


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China Economic News

  • China: Credit and money data paint mixed picture in November

    December 11, 2018

    In November, Chinese banks distributed CNY 1.25 trillion (USD 182 billion) in new yuan loans, well above the CNY 697 billion distributed in October and market expectations of CNY 1.10 trillion.

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  • China: Inflation slows in November

    December 10, 2018

    Consumer prices fell 0.3% from the previous month in November, contrasting October’s 0.2% increase and marking the lowest print in eight months.

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  • China: Manufacturing sector slows to a standstill in November, PMI inches down to over two-year low

    November 30, 2018

    The manufacturing purchasing managers’ index (PMI) published by the National Bureau of Statistics (NBS) and the China Federation of Logistics and Purchasing (CFLP) edged down to an over two-year low of 50.0% in November from 50.2% in October, undershooting market expectations of a stable 50.2% reading.

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  • China: Growth in house prices inches up in October

    November 15, 2018

    House prices in 70 large- and medium-sized cities rose 1.0% in October in month-on-month terms according to a weighted average index calculated by Thomson Reuters from data issued by the National Bureau of Statistics (NBS).

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  • China: Industrial production growth inches up in October

    November 14, 2018

    Industrial production expanded 5.9% year-on-year in October, up from a 5.8% rise in September and overshooting market expectations of 5.8%. October’s print mainly reflected faster growth in the mining and manufacturing sectors, while the dynamics in the production and distribution of electricity, heating power, gas and water softened compared to September. On a month-on-month basis, industrial production increased 0.48% in seasonally-adjusted terms in October, unchanged from September’s expansion.

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