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Business News > Mint Authors > Tian Chen

Tian Chen

Mint Author

ARTICLES BY TIAN CHEN

Yuan slips beyond 7 per dollar for the first time since 2008

1 min read . 05 Aug 2019

China’s yuan surged 2.6% against the dollar this year, making it the best performing currency in Asia, a far cry from the 5% fall in 2018. (Bloomberg)

US-China trade deal leaves currencies as next fighting ground

3 min read . 06 Mar 2019

China may want to weaken the yuan pre-emptively before the trade talks with the US, so that they have room to strengthen the currency, says a currency strategist. Photo: Bloomberg

China is weakening its currency before US trade talks begin

1 min read . 02 May 2018

Xiaomi also makes money on advertising via its own apps and by providing paid subscriptions for premium entertainment content such as web videos and books. Photo: Bloomberg

Xiaomi’s $10 billion IPO risks a cash crunch in Hong Kong

2 min read . 30 Apr 2018

Besides approving the defence budget, National People’s Congress deputies are also expected to appoint Xi to a second term as president and repeal constitutional term limits requiring him to step down in 2023. Photo: AP

China military spending quickens as Xi Jinping seeks ‘world class’ force

1 min read . 05 Mar 2018

PBOC governor Zhou Xiaochuan’s comments signal that policy makers remain committed to a campaign to reduce borrowing levels across the Chinese economy. Photo: Bloomberg

PBOC governor warns on rising financial risk in China in blunt article

1 min read . 04 Nov 2017

The yuan slumped 0.5% to 6.6210 per greenback as of 5.30pm in Shanghai, taking its decline from an 8 September peak to 2.8%. Photo: Bloomberg

China’s yuan is anything but stable as Communist Party congress approaches

1 min read . 25 Sep 2017

China seems to be trying to find a balance between tackling financial risks while avoiding a wider selloff that undermines faith in the markets and Beijing’s regulatory powers. Photo: Reuters

China using yuan to combat risk of market meltdown

3 min read . 20 May 2017

The People’s Bank of China injected more cash into the financial system through open-market operations on Wednesday than on any day since January. Photo: Bloomberg

China tries to calm investors with words, cash amid tougher market regulations

2 min read . 03 May 2017

The reserves—still the world’s largest—have shrunk from a peak of $4 trillion in 2014 as policy makers sold dollars to slow yuan depreciation. Photo: AP

China foreign currency reserves post first gain since June amid capital curbs

2 min read . 07 Mar 2017

Russian President Vladimir Putin (2nd L) and Chinese President Xi Jinping (C) at a meeting of the APEC Business Advisory Council in Lima, Peru, Saturday. Photo: Reuters

APEC summit: China, Russia to push for free-trade area in Asia-Pacific

1 min read . 20 Nov 2016

A record $44.7 billion left China in September in yuan payments, while the nation’s foreign-exchange stockpile shrank the most since January last month. Photo: Bloomberg

China’s yuan tumbles to eight-year low as banks weaken forecasts

2 min read . 16 Nov 2016

The yuan has declined 3.6% this year, all but wiping out the gap between the currency’s current price and the median year-end forecast of 6.75 a dollar. Photo: Bloomberg

Yuan slides closer to crisis peg as watchers see bumpy ride

3 min read . 20 Oct 2016

The yuan’s retreat has investors watching for any repeat of the turmoil ignited by a surprise devaluation in August, which spurred an estimated $1 trillion in annual capital outflows. Photo: Reuters

Goldman sees end of yuan ‘sweet spot’ spurring fund outflows

3 min read . 30 May 2016

A file photo of steel bars at a steel market in central China. Steel demand has increased amid fresh spending on infrastructure and a pickup in the property sector. Photo: AP

World’s most extreme speculative mania is unraveling in China

5 min read . 10 May 2016

Last August’s shock devaluation of the yuan set off a chain of competitive depreciations in emerging market currencies. Photo: Reuters

Yuan’s dual-moves policy spurs warning of emerging market risks

3 min read . 06 Apr 2016

A Bloomberg replica of the CFETS RMB Index, which China uses to measure the yuan’s performance against 13 currencies, has dropped 2.7% so far this year. Photo: Reuters

Offshore yuan records the biggest weekly decline since January

2 min read . 25 Mar 2016

The yuan had its biggest one-day advance since a peg to the dollar was scrapped, as the currency caught up with a decline in the greenback during the Lunar New Year holiday. Photo: Reuters

China spurs biggest yuan rally since 2005 as Zhou voices support

2 min read . 15 Feb 2016

The PBoC started buying the yuan in Hong Kong on Tuesday, reducing supply of the currency, sparking a record surge in the city's money-market rates to deter bearish speculators.t

China steps up yuan defence as soaring offshore rates slam bears

4 min read . 13 Jan 2016

Chronic air pollution has spurred renewed calls for the government to make better forecasts and act faster to clear the skies. Photo: Reuters

Smog covers Beijing and Shanghai after Christmas alert

1 min read . 26 Dec 2015