What's news

Yuan weakens after signs indicate increased inflows

The yuan dropped to a one-month low amid speculation the central bank intervened to weaken the currency after data indicated a rise in capital inflows. The People's Bank of China reduced its reference rate by 0.01 percent to 6.1591 per dollar on Monday, the lowest since Sept 11. Yuan positions at Chinese financial institutions accumulated from foreign-exchange sales, a gauge of inflows, rose 189.2 billion yuan ($30.4 billion) in March, central bank data showed on April 18.

Toyota eyes expansion of output capacity in China