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China: Exports, Banks and the Yuan
Published 1 month, 1 week ago
Description
China’s August exports grew 25% from a year ago, accelerating from the previous month. But this stronger than expected performance was based on three categories: integrated chips, computing equipment and EVs. Meanwhile, with the Chinese yuan hitting a three and a half year high against the USD recently questions are being asked about more upside to the currency. Finally we look at the move by China’s Finance Ministry which led a 360 billion yuan capital injection exercise over the weekend.
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