Lei Jun: Xiaomi’s revenue in 2019 exceeds 200 billion Yuan ($28.4 billion) - https://t.co/rMO4ZSiKnochris akers @sportschris • 26 Feb 07:58 GMT
RT @FirstSquawk: CHINA'S YUAN OPENS TRADE AT 7.0250 PER DOLLAR VS LAST CLOSE AT 7.0130VBL @VlanciPictures • 26 Feb 01:32 GMT
CHINA'S YUAN OPENS TRADE AT 7.0250 PER DOLLAR VS LAST CLOSE AT 7.0130First Squawk @FirstSquawk • 26 Feb 01:32 GMT
RT @FirstSquawk: CHINA STATE COUNCIL SAYS TO INCREASE YUAN RE-LENDING AND RE-DISCOUNT QUOTA BY 500B YUAN TO SUPPORT SMALL AND MEDIUM BANKS…Chik @chiksoonnean • 25 Feb 12:15 GMT
Amid coronavirus fears, Chinese social media is awash with laughter and anger | Yuan Ren https://t.co/DkL8LPNADOGuardian Opinion @guardianopinion • 25 Feb 11:55 GMT
Where you buy and sell in different currencies you don’t run out.
Yes, those buying in $ and selling in £ on the face of it are losing, however the Yuan has fallen for over a year against the $ meaning actual costs have fallen. Thus is why consumer prices haven risen in the main. https://t.co/6AxZvn0vTN
RT @FirstSquawk: PBOC SETS YUAN MID-POINT AT 7.0232 / DLR VS LAST CLOSE 7.0276metallurgica913 @metallurgica913 • 25 Feb 02:19 GMT
RT @FirstSquawk: CHINA'S YUAN OPENS TRADE AT 7.0120 PER DOLLAR VS LAST CLOSE AT 7.0276economist boy, #FreeZeroHedge @economistboy35 • 25 Feb 01:39 GMT
RT @FirstSquawk: CHINA'S YUAN OPENS TRADE AT 7.0120 PER DOLLAR VS LAST CLOSE AT 7.0276Shweta Shah @Shwetavshah7 • 25 Feb 01:35 GMT
RT @FirstSquawk: CHINA'S YUAN OPENS TRADE AT 7.0120 PER DOLLAR VS LAST CLOSE AT 7.0276trading24h @trading24h • 25 Feb 01:34 GMT
CHINA'S YUAN OPENS TRADE AT 7.0120 PER DOLLAR VS LAST CLOSE AT 7.0276First Squawk @FirstSquawk • 25 Feb 01:33 GMT
CHINA'S YUAN OPENS TRADE AT 7.0120 PER DOLLAR VS LAST CLOSE AT 7.0276Redbox Global @RedboxWire • 25 Feb 01:33 GMT
PBOC SETS YUAN MID-POINT AT 7.0232 / DLR VS LAST CLOSE 7.0276First Squawk @FirstSquawk • 25 Feb 01:18 GMT
PBOC SETS YUAN MID-POINT AT 7.0232 / DLR VS LAST CLOSE 7.0276Redbox Global @RedboxWire • 25 Feb 01:17 GMT
This is a binary comment, it considers sterling in isolation, which it isn’t.
Parts purchased from Asia are done so in $ usually, this is converted against a local currency. The Chinese Yuan has been steadily falling for a year against the $ which mitigates a weakened sterling. https://t.co/hL3Pbj90v9
Buyers of consumer products and components from China have been able to leverage the weaker yuan, as Chinese businesses have been desperate for US $. There is no sign of this changing. This doesn’t mean that all losses from a weakened £ can be covered but the majority can.Bernie'sTweets @berniespofforth • 24 Feb 22:18 GMT
@peter_mcgahan @RichardBentall @northumbrian_ @toastofworcesta @huaweithelads @Chrislike16 @JamesMelville @nuffniceness @BreesAnna @scarletto Consumers have not paid more. Are you referring to businesses absorbing currency loss? Which ones please? Most large importing companies simply engaged hedging strategies. Those that didn’t made gains from the falling yuan against the $.Bernie'sTweets @berniespofforth • 24 Feb 21:40 GMT
Now this is worrying, this is not something like #yuan $cnyusd or #china reserves that can be fudged or manipulated...there are lives at stake!!! So sad...If we all worked to find a solution than appear "weak"..
RT @FirstSquawk: PBOC SETS YUAN MID-POINT AT 7.0246 / DLR VS LAST CLOSE 7.0265Whaaaat!? @thatswildsir • 24 Feb 01:46 GMT
Foreign auto-makers in the epicenter Wuhan such as Honda, Nissan, GM, Webasto, suffer 40 million yuan ($5.69 million) of losses daily in a single plant due to production halts due to the #coronavirus: industry insider - Global TimesAnthony Barton @ABartonMacro • 23 Feb 10:01 GMT