A clerk counts renminbi banknotes at a bank outlet in Hai’an city in eastern China’s Jiangsu province,  Monday, Dec. 6, 2021. Photo: AP
A clerk counts renminbi banknotes at a bank outlet in Hai’an city in eastern China’s Jiangsu province, Monday, Dec. 6, 2021. Photo: AP
China trade

China yuan: Beijing sets out policies to stem fast appreciation to support exporters amid economic headwinds

  • Beijing also called on banks to sign more long-term foreign exchange settlement agreements with trade firms
  • Moves by the central government on yuan come hot on the heels of Beijing’s warning about the “threefold pressure” on the economy

Topic |   China trade
A clerk counts renminbi banknotes at a bank outlet in Hai’an city in eastern China’s Jiangsu province,  Monday, Dec. 6, 2021. Photo: AP
A clerk counts renminbi banknotes at a bank outlet in Hai’an city in eastern China’s Jiangsu province, Monday, Dec. 6, 2021. Photo: AP
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