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Chinese yuan weakens to 7.1220 against USD Thursday

BEIJING, Oct. 17 (Xinhua) — The central parity rate of the Chinese currency renminbi, or the yuan, weakened 29 pips to 7.122 against the U.S. dollar Thursday, according to the China Foreign Exchange Trade System. In China’s spot foreign exchange…

Thailand starts cash handouts to stimulate economy

The first phase of Thailand’s “digital wallet” stimulus scheme got underway last week, following up on a major campaign promise from the Pheu Thai party ahead of Thailand’s general elections in 2023. Former Thai Prime Minister Srettha Thavisin heavily pushed…

Xi stresses cultivating more high-caliber officials for Xinjiang

BEIJING, Sept. 21 (Xinhua) — Xi Jinping, general secretary of the Communist Party of China (CPC) Central Committee, has stressed cultivating more loyal, upright, responsible and high-caliber officials for Xinjiang Uygur Autonomous Region. Xi, also Chinese president and chairman of…

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