Today's external information | explosion! China manufacturing weak; yuan appreciation; UK inflation flat; Vietnam exports plunge
Jul 04,2023

China's June manufacturing PMI rises slightly to 49%

Recently, according to data released by the National Bureau of Statistics, China's Manufacturing Purchasing Managers Index (PMI) was 49% in June, an increase of 0.2 percentage points from the previous month, indicating that the economic operation has stabilized. At the same time, it must be seen that the pressure of demand contraction is still prominent. The proportion of enterprises reflecting insufficient demand further increased to 61% (58% last month).
Argentina's central bank to incorporate yuan into banking system
A few days ago, the Central Bank of Argentina issued an announcement announcing that the renminbi will be included in the country's banking system to allow access to the currency, approved the country's financial institutions to open RMB savings accounts. The Central Bank of Argentina pledged to promote the further integration of the RMB into the Argentine financial market, and the bilateral local currency swap between China and Argentina provided liquidity to the Argentine financial sector.

Last Saturday Offshore RMBappreciation against the dollar, yesThe Euro,Devaluation of the yen
Last SaturdayThe offshore RMB exchange rate appreciated slightly against the US dollar. As of press time, the offshore RMB exchange rate against the US dollar was reported at 7.2642, which was 7.2649 than the closing price of the previous trading day and appreciated by 7 basis points.
Last SaturdayThe offshore RMB exchange rate against the euro depreciated sharply. As of press time, the offshore RMB exchange rate against the euro was reported at 7.9243, which was 7.8903 than the closing price of the previous trading day and depreciated by 340 basis points.
Last SaturdayThe offshore RMB exchange rate against the 100 yen depreciated slightly. As of press time, the offshore RMB exchange rate against the 100 yen was reported at 5.0300, which was 5.0200 from the closing price of the previous trading day and depreciated by 100 basis points.
Last FridayOnshore RMBagainst the dollar,The Euro,Devaluation of the yen
Last FridayThe onshore RMB exchange rate depreciated slightly against the US dollar. As of press time, the onshore RMB exchange rate against the US dollar was reported at 7.2510, which was 7.2480 than the closing price of the previous trading day and depreciated by 30 basis points.
Last SaturdayThe onshore RMB exchange rate against the euro depreciated sharply. As of press time, the onshore RMB exchange rate against the euro was reported at 7.9106, which was 7.8846 than the closing price of the previous trading day and depreciated by 260 basis points.
Last SaturdayThe onshore RMB exchange rate against the 100 yen depreciated sharply. As of press time, the onshore RMB exchange rate against the 100 yen was reported at 5.0200, which was 5.0000 than the closing price of the previous trading day and depreciated by 200 basis points.
Last FridayRMB median priceto beautyYuanderogatoryvalue, rightEuro, Japanese YenlValue
Last FridayThe exchange rate of RMB against the US dollar depreciated slightly, and the central parity rate of RMB against the US dollar was reported at 7.2258, 7.2208 by 50 basis points compared with the previous trading day.
Last FridayThe exchange rate of RMB against the 100 yen appreciated sharply, and the central parity rate of RMB against the 100 yen was 5.0094, 5.0247 153 basis points higher than the previous trading day.
UK May inflation unexpectedly flat at 8.7 percent

A few days ago, according to data released by the National Bureau of Statistics, the consumer price index (CPI) rose 8.7 per cent in May from a year earlier, the same as in April and higher than the 8.4 per cent generally expected by the market. On a monthly basis, the UK's CPI rose 0.7 per cent in May. The National Bureau of Statistics of the United Kingdom stated that the increase in the prices of air travel, entertainment and cultural products and services, and used cars contributed the most to the annual increase in CPI.
VietnamJuneExports plunge 11.4 percent again
A few days ago, according to data released by the Vietnam Bureau of Statistics, Vietnam's total export value in June was 29.3 billion US dollars, a sharp drop of 11.4 per cent from the same period last year, a drop of more than expected 10.8 per cent; the total import value was 26.71 billion US dollars, down 16.9 per cent from the same period last year; and a surplus of 2.59 billion US dollars was achieved.
Ethiopia formally applies to join BRICS
A few days ago, Ethiopian Foreign Ministry spokesperson Meles Alem said that the country has formally applied to join the BRICS cooperation mechanism and hopes to receive a positive response. Bangladesh, Egypt, Iran, Argentina, Mexico, Saudi Arabia, the United Arab Emirates, Nigeria and other countries have recently applied to join. This year's BRICS Summit will be held in South Africa in August.
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