BusinessEconomic downturn hits China’s global standingiraqupdate.comJanuary 18, 2024January 18, 2024 by iraqupdate.comJanuary 18, 2024January 18, 20240217 Despite meeting its 2023 growth target with a 5.2% increase in real GDP, China has encountered a notable economic setback. For the first time in...
BusinessChinese Yuan hits record lows against surging US dollariraqupdate.comMay 9, 2023May 9, 2023 by iraqupdate.comMay 9, 2023May 9, 20230470 The yuan has hit new record lows against the surging US dollar, with the internationally-traded yuan reaching its lowest point since 2011 and China's domestic...