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Yu Yongding
By Yu Yongding - Sep 04,2019
BEIJING — In early August, the renminbi’s exchange rate broke through the psychological threshold of CN¥7 per US dollar.
By Yu Yongding - Jul 09,2019
BEIJING — US President Donald Trump and Chinese President Xi Jinping may have agreed at the G-20 summit in Osaka to resume trade negotiations, but the path to ending the trade war remains far from clear.
By Yu Yongding - May 22,2019
BEIJING — After a disappointing performance in 2018, China’s economy appears to be stabilising. In the first quarter of 2019, GDP growth, at 6.4 per cent year-on-year, matched that of the previous quarter.
By Yu Yongding - Mar 14,2019
BEIJING — The United States is reportedly pushing China to agree to keep the value of the renminbi stable, as part of a deal to end the trade war between the world’s two largest economies.
By Yu Yongding - Jan 12,2019
BEIJING — China’s economic performance in 2018 was rather disappointing. According to official statistics, the country’s growth rate up to the end of the third quarter was 6.7 per cent, the lowest since the global financial crisis.
By Yu Yongding - Oct 31,2018
FRANKFURT — The Sino-American trade war, initiated early this year by US President Donald Trump’s administration, is escalating rapidly.
By Yu Yongding - Jun 28,2018
BEIJING — No one wins in a trade war. Yet, US President Donald Trump seems determined to pursue one with China, which he accuses of causing America’s trade deficit, violating World Trade Organisation (WTO) rules, and using unfair practices to acquire foreign technology.
By Yu Yongding - Aug 24,2017
On August 11, 2015, the People’s Bank of China (PBOC) established that the central parity of the renminbi’s exchange rate against the US dollar would be set with reference to the previous trading day’s closing price, within a 2 per cent band.It was a bold step towards a more flex
By Yu Yongding - Jul 31,2016
China’s economic growth has been slowing for six years — far longer than expected.Eager to stem the slide, Chinese government officials and economists have desperately sought a clear explanation pointing towards an effective policy response.And, last November, they officially pla
By Yu Yongding - Aug 16,2015
At a time of slowing economic growth and massive corporate debts, a deflationary spiral would be China’s worst nightmare. And the risk is mounting.The producer price index (PPI) has been in negative territory for 39 consecutive months, since February 2012.



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