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China’s Yuan Rises to Highest Level Against Basket Since 2022
Currencies China’s Yuan Rises to Highest Level Against Basket Since 2022 China’s yuan has strengthened to its highest level in nearly four years versus a basket of trading-partner currencies, underscoring the appeal of Chinese assets as a regional haven during the Iran conflict. The Bloomberg-simulated real-time CFETS basket index rose to 101.41 on Tuesday, data showed, the highest since September 2022, extending gains for a third straight session.
China sees record panda bond issuance in 2026 as foreign borrowers pile in
China sees record panda bond issuance in 2026 as foreign borrowers pile in Beijing’s looser monetary policy, a wider bond market opening and expanding yuan internationalisation are helping drive the trend, analysts say Foreign governments, international banks and multinational companies are increasingly tapping China’s domestic bond market, as panda bond issuance hit a record high in the first five months of the year. A total of 11 entities sold 14 panda bonds – yuan-denominated debt...
No people, just sheep: The unlikely job that Chinese college grads clamored for
BEIJING — One of China’s most competitive jobs this season wasn’t in an urban high-rise, but in its sprawling northern grasslands. An April advertisement for a two-person job herding sheep — offering couples an above-average combined monthly salary of 16,000 yuan ($2,400) with free food, accommodation and Wi-Fi — quickly turned into a viral phenomenon, drawing millions of views and hundreds of applications from young people eager to escape the stresses of urban life. On Chinese social media...
The latest entrant to China’s companionship economy: AI Toys
The latest entrant to China’s companionship economy: AI Toys Artificial intelligence companion toys today analyse preferences, intentions and emotions to be more attuned to each user over time. SHANGHAI: There is a new competitor in China’s companionship economy. It can comfort you, suggest activities for your day and remember past conversations – all while fitting in the palm of your hand.
The end of a regulatory grey zone: Why China is cracking down on offshore brokerages
The end of a regulatory grey zone: Why China is cracking down on offshore brokerages China’s toughest crackdown yet on offshore brokerages is closing a popular route to overseas markets for mainland investors. Analysts say the move is about more than investor protection. SHENZHEN: When China unveiled its toughest crackdown yet on offshore trading platforms, Beijing-based investor Elaine Liang began exploring alternatives.
China trade defies Iran war drag as exports, imports beat estimates in May
China's trade growth held up better than expected in May, as surging AI-related exports helped buffer the economy against disruption from the Iran war. Exports rose 19.4% from a year earlier in U.S. dollar value terms, customs data showed Tuesday, accelerating from the 14.1% gain in April. Economists polled by Reuters had pegged growth at 15%.
Folding Beijing
At ten of five in the morning, Lao Dao crossed the busy pedestrian lane on his way to find Peng Li. After the end of his shift at the waste processing station, Lao Dao had gone home, first to shower and then to change. He was wearing a white shirt and a pair of brown pants—the only decent clothes he owned.
Doctors thought this kidney drug helped some patients. It may help millions more.
Doctors thought this kidney drug helped some patients. It may help millions more. - Date: - June 8, 2026
Commentary: Methanol, pistachios and cement - other Iranian exports choked by the war
Commentary: Methanol, pistachios and cement - other Iranian exports choked by the war Given disruptions in supply chains all over the world, the conflict has shown that Iran’s role in the global economy is not merely centred on oil, says this writer. The war between Iran, the US and Israel has escalated into a major global crisis, with consequences that are reaching far beyond the Middle East. The closure of the Strait of Hormuz, through which around 25 per cent of the world’s oil ordinarily...