Category «China»

China Sets Weaker Yuan Fix in First Sign Record Rally May Slow

China Sets Weaker Yuan Fix in First Sign Record Rally May Slow

By Administrator_India Capital Sands China set its daily yuan fixing at a weaker-than-expected level, the first signal that policy makers may want to rein in this quarter’s rapid appreciation in the currency. The People’s Bank of China’s reference rate was set at 6.7872 on Tuesday, after the spot rate weakened 0.51% overnight. That’s almost 60 …

China says India’s new FDI rules violate WTO principles, hopes for revision

China says India's new FDI rules violate WTO principles, hopes for revision

By Administrator_India Capital Sands India’s new rules for foreign investment violate WTO principles of non-discrimination and are against free and fair trade, a Chinese embassy spokesperson in New Delhi said on Monday. On Saturday, India stepped up scrutiny of investments from companies based in neighbouring countries, in what is widely seen as a move to …