Chinese Yuan Strengthens As Beijing Talks Up Currency

May 22,2019 11:40   Source:Earnforex
The Chinese yuan is strengthening on Tuesday as the federal government continues to talk up the currency, despite bearish sentiment from foreign investors surrounding the world’s second-largest economy. As the US-China trade war escalates, there are fears that not only will the Chinese economy continue to spiral downwards, but also the global economy will contract.  Speaking in an interview with the People’s Bank of China (PBOC)’s Financial News, Pan Gongsheng, chief of the State Administration […]

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