Taiwan said yesterday export orders from the mainland rose last month for the first time in five months, even as most of the trade-dependent island's other markets remained sluggish. Orders from the island's leading export market increased 2.5 per cent year on year to US$9.8 billion and 8.1 per cent from the month before, the economics ministry said. AFP
The yuan rose to a five-month high yesterday, breaching the 6.3 per US dollar level, on speculation capital flows into emerging markets will quicken as policymakers in the world's largest economies act to spur growth. People's Bank of China governor Zhou Xiaochuan wrote in a commentary in the Financial News this week that the central bank will maintain the continuity and stability of monetary policies and at the same time make adjustments that are more forward-looking, targeted and effective. Bloomberg