According to South China Morning Post, Apple’s online stores on e-commerce platform JD.com showed a markdown of 800 yuan for iPhone 14 Pro and Pro Max models, with an additional 50 yuan off if the buyer became a member of the online store.

Source: https://www.canindia.com/apple-cuts-iphone-14-models-prices-by-up-to-125-in-china-to-boost-sales/

According to South China Morning Post, Apple’s online stores on e-commerce platform JD.com showed a markdown of 800 yuan for iPhone 14 Pro and Pro Max models, with an additional 50 yuan off if the buyer became a member of the online store.

Source: https://www.canindia.com/apple-cuts-iphone-14-models-prices-by-up-to-125-in-china-to-boost-sales/

Aggressive easing could also trigger more capital outflows from China's struggling financial markets and pressure the yuan currency, which recently skidded to eight-month lows.

Source: https://www.channelnewsasia.com/business/china-economic-data-likely-show-recovery-fading-quickly-3631936?cid=cna_flip_070214

Analysts polled by Reuters had expected June TSF of 3 trillion yuan.

Source: https://www.channelnewsasia.com/business/china-june-new-bank-loans-jump-more-expected-policy-support-3621001?cid=cna_flip_070214

Another trader said: “Importers have to buy yuan from exporters to conduct their trade.

Source: https://www.irrawaddy.com/news/burma/myanmar-junta-bans-dollars-for-border-trade-with-china.html

As it is, China has been working with the other BRIC countries – Brazil, Russia and India – to accept the yuan as a unit of account.

Source: https://macaudailytimes.com.mo/us-debt-default-could-trigger-dollars-collapse-and-severely-erode-americas-political-and-economic-might.html?utm_source=rss&utm_medium=rss&utm_campaign=us-debt-default-could-trigger-dollars-collapse-and-severely-erode-americ

Assured by a middleman that there would be well-paid work when she arrived, she was instead taken to the northern Chinese province of Heilongjiang and sold into a forced marriage for 5,000 yuan (around US $700).

Source: https://nypost.com/2023/01/26/no-food-and-public-executions-one-womans-life-in-north-korea/

A study by a $1.5 trillion asset management firm has revealed that central banks are reducing their U.S. dollar holdings while seeking to increase Chinese yuan holdings.

Source: https://biztoc.com/x/376054cbae9e28ed?ref=ff

Aussie bounces back alongside the offshore yuan, time to fade?

Source: https://www.forexlive.com/news/aussie-bounces-back-alongside-the-offshore-yuan-time-to-fade-20230817/

A Zhongshan official stated that in 2022, the total Zhongshan-Macau imports and exports amounted to 1.238 billion Chinese yuan, with 157 newly established Macau companies, representing USD39.67 million on investments.

Source: https://macaudailytimes.com.mo/local-business-sector-explores-opportunities-in-foshan.html?utm_source=rss&utm_medium=rss&utm_campaign=local-business-sector-explores-opportunities-in-foshan

BEIJING -At Nanchengxiang restaurants in Beijing, customers treat themselves to a breakfast buffet with three types of rice porridge, sour and spicy soup, and milk – all for the price of 3 yuan ($0.

Source: https://business.inquirer.net/415357/breakfast-for-40-cents-what-chinas-deflation-looks-like

BEIJING : Chinese artificial intelligence-related firm Beijing Zhipu Huazhang Technology said on Friday it has raised over 2.5 billion yuan ($341.82 million) this year.

Source: https://www.channelnewsasia.com/business/chinese-ai-related-firm-zhipu-says-it-has-raised-over-3418-million-year-3860236?cid=cna_flip_070214

BEIJING/SHANGHAI -China unveiled on Wednesday a 520-billion yuan ($72.3 billion) package to boost sales of electric vehicles (EVs) and other green cars over the next four years to prop up softening auto demand, sending shares of automakers sharply higher.

Source: https://business.inquirer.net/406575/china-unveils-72-b-tax-break-for-evs-other-green-cars-to-spur-demand

China is on the yuan; so, China’s done.

Source: https://dissidentvoice.org/2023/04/trumps-neoconservatism-and-falsehoods-against-china/

China is set to approve slightly more than 1 trillion yuan ($137 billion) in additional sovereign debt issuance on Tuesday as Beijing steps up its efforts to spur infrastructure spending and encourage economic growth, three sources told Reuters.

Source: https://www.channelnewsasia.com/business/china-set-approve-137-billion-extra-sovereign-debt-tuesday-sources-3866541?cid=cna_flip_070214

China on Monday left its benchmark lending rates unchanged at a monthly fixing, matching expectations, as a weaker yuan continued to limit further monetary easing and policymakers waited to see the effects of previous stimulus on credit demand.

Source: https://cyprus-mail.com/2023/11/20/dollar-beaten-to-over-two-month-low-as-fed-cut-bets-take-charge/

China's offshore yuan also surged 1 per cent against the dollar.

Source: https://www.channelnewsasia.com/business/marketmind-markets-march-china-boomlet-3315521?cid=cna_flip_070214

Chinese President Xi Jinping told Gulf Arab leaders last December that China would work to buy oil and gas in yuan, but it has not yet used the currency for Saudi oil purchases, traders have said.

Source: https://indianexpress.com/article/world/china-saudi-arabia-sign-currency-swap-agreement-9034841/

Daily midpoint setting: Each morning, the PBOC sets a midpoint for the yuan against a basket of currencies, primarily the US dollar.

Source: https://www.forexlive.com/centralbank/pboc-is-expected-to-set-the-usdcny-reference-rate-at-68828-reuters-estimate-20230418/

Despite its August release, “” has become China’s third-most-popular film this year, grossing 3.8 billion yuan ($521 million) and igniting online debate on the perils of visiting Thailand.

Source: https://www.chiangraitimes.com/news/blockbuster-movie-deterring-chinese-tourists-from-visiting-thailand/