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Business

China foreign exchange reserves decline in June

congodailynews.com
BEIJING, CHINA / MENA Newswire / – China’s foreign exchange reserves fell 0.75% in June, official data showed, as valuation changes linked to currencies and asset prices reduced the reported dollar value of reserve holdings....
China forex reserves fall in March to $3.34 trillion
Business

China forex reserves fall in March to $3.34 trillion

congodailynews.com
BEIJING: China’s foreign exchange reserves fell to $3.3421 trillion at the end of March, official data showed on April 7, as a stronger U.S. dollar and weaker prices for major global financial assets weighed on the value of...
China expands digital yuan network with 12 new banks
Business

China expands digital yuan network with 12 new banks

congodailynews.com
BEIJING: China’s central bank has added 12 banks to the roster of institutions authorized to operate the digital yuan, widening the reach of the e-CNY and lifting the total number of approved operators to 22. The People’s...
China pledges tech support, trade balance and market reforms
Business

China pledges tech support, trade balance and market reforms

congodailynews.com
BEIJING: China’s top economic and financial officials pledged expanded support for technology firms, a push toward more balanced trade and deeper capital market reforms during a news conference on the sidelines of the annual National People’s Congress. The...