Chinese Yuan Strengthens on Solid Housing Prices, Retail Sales

Jun 18,2019 16:24   Source:Earnforex
The Chinese yuan is strengthening against several major currencies on Tuesday, supported by solid housing prices and retail sales in May. Although industrial output and fixed asset investment figures came in lower than expected, they were still commendable at a time when the world’s second-largest economy is engaged in a bitter trade war with the US. According to the National Bureau of Statistics (NBS), the average price of newly constructed homes in the county’s biggest […]

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