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Search resuls for: "Serena Zhou"


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SHANGHAI/SINGAPORE, June 2 (Reuters) - China's yuan has skidded to six-month lows against the dollar and analysts say it could weaken further as investors fret over a bumpy pandemic recovery in the world's second-largest economy. "The yuan suffers as China's reopening story is less appealing than before, and there is no sign of further stimulus," said Gary Ng, senior economist for Asia Pacific at Natixis. "A weaker currency at the current juncture can help export performance, especially as global trade is shrinking this year." "A weaker yuan helps exporters when they convert the dollar receivables to yuan," said Barclays' FX strategist Lemon Zhang. A weaker yuan might also temper deflationary pressures being seen in parts of the economy due to weak domestic demand.
Persons: Gary Ng, Alvin Tan, Tan, Tommy Wu, Lemon Zhang, Serena Zhou, Winni Zhou, Brenda Goh, Tom Westbrook, Kim Coghill Organizations: Asia Pacific, Reuters, People's Bank of China, Asia FX, RBC Capital Markets, Barclays, FX, Mizuho Securities, Thomson Locations: SHANGHAI, SINGAPORE, United States, Natixis, Asia, China, Shanghai, Singapore
SHANGHAI/SINGAPORE, June 2 (Reuters) - China's yuan has skidded to six-month lows against the dollar and analysts say it could weaken further as investors fret over a bumpy pandemic recovery in the world's second-largest economy. "The yuan suffers as China's reopening story is less appealing than before, and there is no sign of further stimulus," said Gary Ng, senior economist for Asia Pacific at Natixis. "A weaker currency at the current juncture can help export performance, especially as global trade is shrinking this year." "A weaker yuan helps exporters when they convert the dollar receivables to yuan," said Barclays' FX strategist Lemon Zhang. A weaker yuan might also temper deflationary pressures being seen in parts of the economy due to weak domestic demand.
Persons: Gary Ng, Alvin Tan, Tan, Tommy Wu, Lemon Zhang, Serena Zhou, Winni Zhou, Brenda Goh, Tom Westbrook, Kim Coghill Organizations: Asia Pacific, Reuters, People's Bank of China, Asia FX, RBC Capital Markets, Barclays, FX, Mizuho Securities, Thomson Locations: SHANGHAI, SINGAPORE, United States, Natixis, Asia, China, Shanghai, Singapore
Începând din luna iulie a anului trecut, exporturile din China au fost în creştere, stimulate de achiziţiile de produse care au legătură cu pandemia, precum măşti şi echipamente pentru munca de acasă, inclusiv computere. În schimb, importurile Chinei nu au înregistrat o creştere similară, ceea ce a avut drept rezultat o lipsă de containere maritime care să ajungă în China pentru a fi umplute şi trimise din nou spre pieţele externe, informează Agerpres. Aceasta avertizează că criza de containere maritime ar putea să se agraveze pe măsură ce exportatorii vor căuta să îşi prioritizeze livrările înaintea Anului nou lunar chinezesc, care începe în februarie. La rândul său, cea mai mare companie sud-coreeană de shipping, HMM Co., a estimat joi că lipsa de containere şi spaţii pe nave ar putea continua în prima jumătate a lui 2021. HMM Co. a fost nevoită să introducă un număr suplimentar de nave pe rutele spre SUA, pentru a ajuta companiile sud-coreene să îşi livreze bunurile şi va introduce o navă suplimentară spre Europa la finele acestei luni.
Persons: Serena Zhou, Serena Zhou . Organizations: Agerpres, Financial Group Inc, HMM Locations: China, Chinei, Hong Kong, Europa, Japonia, Asia de Sud - Est, India, SUA
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