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- 1PBOC tightens yuan fix with stronger USD/CNY rate▼PBOC Tightens Yuan Fix as Central Bank Sets USD/CNY Rate
The People's Bank of China has set a firmer daily yuan fixing against the US dollar, a move traders read as the central bank tightening its grip on the currency. The stronger-than-signalled reference rate signals Beijing's intent to steady the yuan and curb sharp depreciation pressure at a time when markets are closely watching capital flows and China's economic outlook.
- 2PBOC expected to set yuan reference rate at 6.7085●PBOC is expected to set the USD/CNY reference rate at 6.7085 – Reuters estimate
China's central bank is expected to fix the USD/CNY daily reference rate at 6.7085, according to a Reuters estimate. The PBOC sets the yuan's midpoint each trading day, and traders watch the fix closely for signals on official policy toward the currency and the wider economy. The expected level is being picked up by forex market observers ahead of the announcement.
- 3Melania Trump and Peng Liyuan Tour Smithsonian Asian Art Museum▼First Lady Melania Trump and Madame Peng Liyuan Visit Smithsonian National Museum of Asian Art
US First Lady Melania Trump and Chinese First Lady Peng Liyuan visited the Smithsonian National Museum of Asian Art in Washington, according to an announcement by the US Embassy in China. The joint appearance by the two first ladies, both prominent public figures, highlights cultural diplomacy between Washington and Beijing and drew attention from audiences in both countries.
- 4Zhongtian Hechuang Tenders Hydrogen Testing Center in Inner Mongolia●Green Hydrogen Project Tracker — Zhongtian Hechuang Wushenqi Wind and Solar Power Hydrogen Production Project Electrolysis Hydrogen Production Testing and Evaluation Center Tender, Investment of 65.13 Million Yuan
Zhongtian Hechuang has opened a tender for an electrolysis hydrogen production testing and evaluation center at its Wushenqi wind and solar power hydrogen production project in Inner Mongolia, with an investment of 65.13 million yuan. The project is part of China's expanding green hydrogen build-out, converting renewable power into hydrogen at scale. Industry watchers are tracking progress as a sign of momentum in the country's hydrogen sector.
Repos
- feitangyuan/onetake Motion films that never cut to the next slide: every beat grows out of the one before, one continuous camera, continuity