The Best Reads of the Week From Caixin
The yuan extended its losing streak against the dollar on Wednesday, hitting a fresh six-month low as concerns over a looming Sino-U.S. trade war and expectations of further monetary easing by China’s central bank weighed on investor sentiment.
Downside risks to China’s economic growth in the second half of this year are increasing due to deepening trade friction with the U.S. and slowing domestic demand, a senior policy adviser has warned, urging Chinese authorities to prepare for the worst.
- 1Chart of the Day: ‘Made in China 2025’ Dropped From List of Local Government Priorities
- 2‘Aquaman’ Makes Huge Splash in China Box Office
- 3Update: Huawei CFO Faces U.S. Fraud Charges, Canadian Court Told
- 4Update: China Logs Record-High Surplus With U.S. Despite Softening Overall Export Growth
- 5It Has Been a Bad Year for the Yuan. 2019 Could Be Worse
- 1Power To The People: Pintec Serves A Booming Consumer Class
- 2Largest hotel group in Europe accepts UnionPay
- 3UnionPay mobile QuickPass debuts in Hong Kong
- 4UnionPay International launches premium catering privilege U Dining Collection
- 5UnionPay International’s U Plan has covered over 1600 stores overseas