Yuan reaches 15 month high as central bank sets stronger fixing amid offshore gains

Central bank signals confidence through stronger fixing China’s currency has received a notable boost after the central bank set the yuan’s daily reference rate at its strongest level in more than a year. The move reflects growing momentum in the currency, particularly in

China’s US$1 Trillion Trade Surplus Raises Questions as Reserves Grow More Slowly

China has recorded a trade surplus exceeding US$1 trillion in the first eleven months of the year, a historic milestone that has drawn global attention. Yet despite the massive inflow suggested by these figures, the country’s official foreign exchange reserves have risen only