• Fri
  • Jul 25, 2014
  • Updated: 8:14pm


The Chinese yuan, also known as the renminbi, is already convertible under the current account - the broadest measure of trade in goods and services. However, the capital account, which covers portfolio investment and borrowing, is still closely managed by Beijing because of worries about abrupt capital flows.

State textile firms back in black

PUBLISHED : Thursday, 30 December, 1999, 12:00am
UPDATED : Thursday, 30 December, 1999, 12:00am

State-owned textile firms ended six years of losses with combined profits of 116 million yuan in the first 11 months of this year. The sector lost 3.08 billion yuan in the same period last year, the Economic Information Daily said.


For unlimited access to:

SCMP.com SCMP Tablet Edition SCMP Mobile Edition 10-year news archive




SCMP.com Account