Chinese Yuan Rallies to Three-Year High Amid Expectations of Stronger Economic Stimulus
3 Articles
3 Articles
Chinese Yuan Rallies to Three-Year High Amid Expectations of Stronger Economic Stimulus
China's offshore yuan climbed to its strongest level since February 2023 after the People's Bank of China set a firmer daily fixing for a third straight session and the Politburo pledged to step up fiscal and monetary support.
July Politburo meeting read-out
This report was translated from Chinese into English using Alibaba’s Qwen3.7-Plus, then checked and tweaked for accuracy by a South China Morning Post journalist. It is for reference only, and is not the official English version of the original Chinese document. Alibaba owns the SCMP.
Zhong Yuan: Politburo Meeting Downgrades Tone; New Variables Added to Beijing's Political Situation?
The Politburo of the Communist Party of China (CPC) held a meeting on July 30 to analyze the economic situation, significantly downgrading its assessment of the work done in the first half of the year. The meeting confirmed that the Fifth Plenary Session of the 20th CPC Central Committee will be held in October to study the issue of "strict governance of the Party," and stated that "Party building" faces "prominent problems." It is widely believ…
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Bias Distribution
- 50% of the sources lean Left, 50% of the sources are Center
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