Thursday, 18 August, 2022
TopicYuan

Topic: yuan

Why China’s digital yuan could prove to be a cousin of the Hong Kong dollar

Capital Economics’ Mark Williams has raised an interesting question, as to whether e-CNY, as some are beginning to call the new electronic cash, is not a central bank digital currency.

Chinese Yuan just had its best quarter in 12 years, amid Covid and its economic fallout

The onshore renminbi gained almost 4% in the three-month period ending Sept, the most since early 2008, while its offshore counterpart advanced more than 4%.

China returns to old trick of just building infrastructure to revive economy after Covid

The problem with such spending is that these construction projects struggle to generate sufficient revenue and end up adding to the debt of local governments.

Why Saudi Arabia is on shopping spree, payback time for Thailand’s rich & other Covid news

As the Covid-19 pandemic shows no signs of letting up, ThePrint highlights the most important stories on the crisis from across the globe.

India may allow some imports from China to be settled in yuan

The plan would enable direct convertibility between the rupee and yuan and will help cut transaction and hedging costs.

There’s chaos in China’s markets, but no need to fear a 2015-like panic just yet

There are similarities but there are also key differences, including a less interventionist response by authorities. China’s stocks are tumbling, the yuan is sinking, and...

On Camera

YourTurn

Farmers plant paddy saplings in a field | PTI Photo

Good news from the farm as India’s FY22 foodgrain production estimated at record 316 mn tonnes

Wheat production estimate sees marginal upward revision to 106.8 million tons, though current rate lowest in 3 years.

Defence

IAF Su-30 MKI aircraft | Twitter | @DefencePRO_Guj

Russian defence industry team to visit India soon for talks on upgrading IAF’s Sukhoi fleet

Upgrades would include more better radar & integration of electronic warfare abilities. Russia also hopeful of inking deal with India to supply 12 more Su-30 MKIs and 21 MiG-29s.
NI 13.08

Tiranga vs Tiranga: Gloves are off as Kejriwal joins the ‘nationalism’ battle with Modi

Kejriwal’s maun vrat on Modi has ended. This is an important turn in Indian politics. In some ways rivalling the dramatic turn in Bihar.
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