Tag: Beijing

China’s yuan depreciation down to ‘short-term pressure’, says Beijing, economic fundamentals offer future support

By Luna Sun China’s yuan is around 6.9 per cent weaker against the US dollar than it was a year ago, but the future of the currency will be ‘supported by solid underlying fundamentals’, said a newspaper affiliated with the central bank. Source: China’s yuan depreciation down to ‘short-term pressure’, says Beijing, economic fundamentals offer […]

Beijing to create US$1.4 billion robotics fund as part of plan to become the industry’s ‘international industrial highland’

By Ben Jiang The fund will be used to help incubate the latest innovation, develop commercial products and finance mergers-and-acquisition activities in the Chinese capital’s robotics industry. Source: Beijing to create US$1.4 billion robotics fund as part of plan to become the industry’s ‘international industrial highland’