China’s top legislature will begin its annual parliamentary meeting on March 5 next year – a session that will be closely watched by investors as Beijing will announce its growth target and decide on ways to stimulate the country’s stalled economy. The start date of the third annual session of the 14th National People’s Congress…
Dec 02, 2024 10:01 AM IST CHINA-YUAN/MIDDAY:China’s yuan s SHANGHAI, – The yuan fell to a four-month low on Monday, as tariff threats and mixed purchasing managers’ index data raised concern China’s economy might need additional policy support. The onshore yuan dropped to a low of 7.2675 per dollar, its weakest since July 24, despite…
US President Joe Biden has called on President-elect Donald Trump to reconsider his proposed tariffs on Canadian, Mexican, and Chinese goods, calling them “counterproductive” as the transition of power moves forward from the Democrats to the Republicans.“I hope he rethinks it. I think it’s a counterproductive thing to do,” Biden told reporters on Thursday in…