Citi Liu News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Stay updated with breaking news from Citi liu. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Top News In Citi Liu Today - Breaking & Trending Today
By Addison Gong 05 Mar 2021 In this special round-up on China’s annual Two Sessions parliamentary meeting, the central government sets a conservative annual growth target for the Chinese economy in 2021, signals a modest tightening in fiscal and monetary policies, and plans to broaden regulatory oversight of the fintech sector. China kicked off its week-long “Two Sessions” annual parliamentary meeting on Thursday. On Friday morning, premier Li Keqiang delivered the government work report for deliberation at the 13th National People’s Congress (NPC). In the report, China set an annual economic growth target of “above 6%” for 2021 a number viewed as a defensive target by economists and analysts. ....
A “flood” of foreign cash will chase yuan-denominated assets in 2021 because they’ll offer far better yield than the rest of the world, according to Liu Li-gang, chief China economist at Citigroup Inc. He predicts the currency could rally 10% to 6 per dollar or even more by the end of next year. The yuan hasn’t been that strong since late 1993, just before China’s unification of official and market exchange rates triggered a plunge in the currency. The yuan has been on a tear since late May, surging to a more than two-year high as data showed that China’s economy was rebounding from the virus pandemic. Overseas funds have increased their holdings of onshore bonds and stocks by more than 30% this year to records, official data showed, prompted by index inclusions and the country’s wide interest-rate premium over other markets. To slow the advance, Beijing has made it cheaper for traders to bet against the yuan and has relaxed capital curbs to allow more out ....
Economist predicts yuan at 6 per US dollar by end 2021 thestandard.com.hk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestandard.com.hk Daily Mail and Mail on Sunday newspapers.
Yuan tipped to hit 27-year high amid cash flood thestandard.com.hk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestandard.com.hk Daily Mail and Mail on Sunday newspapers.