In the first quarter of 2019, the yuan rose 1.9 per cent against the US dollar, with net dollar purchases by Chinese individuals, a sign of interest in holding the currency, falling 22 per cent from a year earlier. Photo: Bloomberg

China sees brighter outlook for yuan and foreign investment as US-China trade war deal nears

  • State Administration of Foreign Exchange offers positive outlook due to domestic growth and move by the US Federal Reserve to halt interest rate increases
  • China’s gross domestic product expanded 6.4 per cent in first quarter of 2019 – stronger than expected and at the top end of the government’s growth target range
Topic |   US-China trade war

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In the first quarter of 2019, the yuan rose 1.9 per cent against the US dollar, with net dollar purchases by Chinese individuals, a sign of interest in holding the currency, falling 22 per cent from a year earlier. Photo: Bloomberg
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