Downward pressure on yuan seen temporary chinadaily.com.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chinadaily.com.cn Daily Mail and Mail on Sunday newspapers.
Temporary downward pressure on yuan expected shanghaiist.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from shanghaiist.com Daily Mail and Mail on Sunday newspapers.
China further reduced its holdings of US Treasury in February to the lowest level in nearly 13 years, as other foreign holders of US Treasury also cut their holdings by 4.7 percent year-on-year to $7.34 trillion in February, data from the US Treasury Department showed.
Stimulus, trade surplus seen as key to stable RMB--China Economic Net en.ce.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from en.ce.cn Daily Mail and Mail on Sunday newspapers.
While the renminbi's exchange rate against the US dollar continued to head south amid expectations of further interest rate hikes by the Federal Reserve, the Chinese currency can be stabilized leveraging China's significant trade surplus and stimulative economic policies, experts said.