China's foreign-currency bank deposits up US$129.7B in H1

China's bank deposits in foreign currencies increased by 129.7 billion U.S. dollars in the first half of this year, a senior official said on Friday.

July 26, 2021

Any Fed moves will have 'controllable' impact: SAFE

Any possible tapering of monetary stimulus by the US Federal Reserve would have a "controllable" impact on China's cross-border capital flows, with the Chinese yuan set to maintain a generally stable rate with higher flexibility against the US dollar, the country's foreign exchange regulator said on Friday.

July 26, 2021