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Home > Latest

Lates News

date
21/08/2025
On Wednesday, the offshore yuan against the US dollar in New York closed at 7.1820, up 51 points from Tuesday's New York close, with overall trading ranging from 7.1931 to 7.1783 yuan during the day.
Latest
1 m ago
Beijing Subway: In order to handle the rain during this morning's rush hour, the subway company has implemented a measure to prolong the maximum capacity deployment by 1 hour on all lines, with plans to add 34 extra trains. All departments are strengthening key positions and conducting inspections; in the event of rain, the ground and elevated lines will activate rain-day driving organization plans to ensure the safety of train operation and passenger travel. Each station will enhance the flow of passengers at key locations such as entrances, passageways, gates, escalators, etc., by laying down non-slip mats, placing signs, and distributing disposable raincoats to passengers in need.
2 m ago
Chief economist and dean of the research institute of China Minsheng Bank, Wen Bin, pointed out that based on recent data, several indicators since July show that there have been certain setbacks in the recovery of the real economy. The growth rate of social zero has fallen, real estate investment is still under pressure, credit demand needs to increase, and uncertainties and risks in external demand have not completely cleared, indicating that there is still a need for macro-policy to remain accommodative to some extent. In the second half of the year, stabilizing credit, promoting domestic demand, and strengthening coordination will still require a consistent policy, and a stable monetary policy will continue to be supportive. Wen Bin also stated that considering the effectiveness of the personal consumption loan and the interest subsidy policy for service industry borrowers in reducing the cost of entity financing, structural policies are more precise and can avoid idle funds, accelerate the activation of deposits, and trend towards moderate price increases. The timing of another reserve requirement ratio cut and interest rate cut later in the year may be pushed back, and the timing of LPR quotation adjustments may also be delayed accordingly.
2 m ago
Wen Bin: The timing of another reserve requirement ratio cut and interest rate cut within the year may be delayed. The timing of the LPR quotation reduction may also be pushed back accordingly.
3 m ago
Federal Reserve Board Governor Cooke refuses to resign, accused of mortgage fraud caught in political storm
4 m ago
Ge Peifan: 22 low-altitude economic regulatory sandbox pilot projects have landed, proposing to start commercial operations after the second phase of the pilot.
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