Yuan
BMW starts production at new $2.2 billion China plant to ramp up EV output
SHANGHAI Germany's BMW said on Thursday that production has formally begun at a new plant in China with an investment of 15 billion yuan ($2.24 billion) as the carmaker accelerates electric vehicle (EV) production.
China steps up fixed-asset investment to steady COVID-hit economy
BEIJING (Reuters) -China's state planner said on Thursday it had approved 10 fixed-asset investments worth 121 billion yuan ($18.1 billion) in May, a more than six-fold jump from April, as policymakers seek to get economic growth back on track after a COVID-induced slump.
China's banks scramble to raise capital and answer calls to support economy
SHANGHAI China Construction Bank Corp (CCB) started selling 60 billion yuan ($8.9 billion) in bonds on Wednesday, joining peers as they rush to replenish capital in response to tighter regulations and government calls to support a virus-hit economy.
Euro most resilient to climate change, yuan most exposed - Barclays
LONDON Climate change could play out to the advantage of the euro, while China's yuan and the Japanese yen are set to suffer the most without greater efforts to mitigate the effects of global warming, Barclays said in a report.
China's May new yuan loans seen rebounding on central bank support -Reuters poll
BEIJING China's new yuan loans likely rebounded sharply in May after a drop in April, a Reuters poll showed, as the central bank ratchets up policy support for the slowing economy.
Exclusive-Didi pursues EV stake as it aims to emerge from regulatory shadows-sources
HONG KONG China's Didi is in talks with state-backed Sinomach Automobile to buy a third of its electric-vehicle unit, two sources said, signalling the ride-hailer's regulatory troubles are in the rear view mirror as it focuses on growth.
China encourages public to help with national security with cash for tip-offs
BEIJING Chinese citizens can get rewards of more than 100,000 yuan ($15,000) and special certificates for tip-offs on breaches of national security under measures introduced this week, state media reported on Tuesday.
Crisis-hit Sri Lanka needs $5 billion, help from China for essentials
COLOMBO (Reuters) -Sri Lanka will need $5 billion over the next six months to ensure basic living standards, and is renegotiating the terms of a yuan-denominated swap worth $1.5 billion with China so as to fund essential imports, the prime minister said on Tuesday.
HSBC plans $448 million investment in Chinese business - Xinhua
HONG KONG (Reuters) -HSBC Holdings plans to invest more than 3 billion yuan($448 million) in its Chinese operations, Chief Executive Noel Quinn told state news agency Xinhua, saying he sees challenges for the economy but also opportunities for investments.
China uses digital yuan to stimulate virus-hit consumption
SHANGHAI China is using the digital yuan to stimulate consumption in its pandemic-hit economy, with more e-CNY applications expected in future to boost transparency and effectiveness of government policies.
The yuan charge
The Obama administration is taking China head on over the yuan. As Congress comes closer to punishing Beijing for not letting the currency strengthen more rapidly, Reuters explains the factors behind the yuan's sudden gains. Document