Investment bank UBS raised its year-end forecast for the renminbi exchange rate from 7.15 to no more than 7, while projecting a mild slump of the currency back to no more than 7.1 by 2018.
Investors are concerned about a possible worldwide economic slowdown due to the spread of the coronavirus, also called Covid-19. Production has been disrupted in China, but appears to be resuming. That will ease concerns about disruption to the supply chain in numerous sectors, including electronics, car parts and apparel.
Instructions:
Initiated by the Chinese embassy in Togo, jointly with the cabinet of the Chairwoman of the National assembly of Togo, the free healthcare provision occurred in the medical and social center of Adeta, in southern Togo.
Internet finance last week appeared on the top banking regulator's list of ten most important areas for enhanced risk control, with targeted measures to be taken to stem emergence of a financial crisis.
Ip said whatever decision is made, he hopes Hong Kong legislators can set aside political disputes and focus on anti-pandemic issues to help the city overcome the virus with minimum losses.
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Investors monitor share prices at a securities firm in Hangzhou, capital of Zhejiang province, on July 22, 2019. [Photo by LONG WEI/FOR CHINA DAILY]
Investors monitor stock prices at a brokerage in Nanjing, Jiangsu province. [Photo provided to China Daily]
Initiated by Beijing Adoption Day, a public-minded platform based in the capital, the annual event has been held five times.
Investors are looking for fresh cues on possible monetary policy moves, amid growing concerns that lingering trade tensions will prompt policymakers to consider more easing measures.