Yuan

Death toll from China’s Guangdong highway collapse rises to 48 as President Xi Jinping orders maximum push to save lives

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They said that in addition to the death toll, a further 30 people were injured and 23 vehicles were trapped, and they were continuing the search for bodies and injured people. Chinese President Xi Jinping has ordered local authorities to make an all-out effort to save lives and ensure “overall social stability”. He ordered government … Read more

China’s Weakness, Tech War Push Yuan Toward Multi-Year Lows — Where Is It Heading Next?

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China’s persistent economic weakness and the escalation of the tech war between Washington and Beijing continue to drive the country’s currency, the RMB (Yuan), lower, according to Dr. Tenpao Lee, professor emeritus of economics at Niagara University. “Fundamentally, the value of a country’s currency reflects the strength of its overall economy in general,” Professor Lee … Read more