Renminbi exchange rate · Full chronicle and history

China's central bank announced the issuance of 60 billion RMB in central bank bills in Hong Kong on September 23, aiming to drain offshore RMB liquidity to maintain the RMB exchange rate.

Bessent stated on CNBC on September 21 that China's financial regulatory authorities have contacted the United States regarding the enforcement of Iran sanctions across aviation, maritime shipping, cryptocurrency, and gold sectors.

On September 18, on the eve of the US-China summit, the US signed the Graham Act, authorizing tariffs of up to 100% on the top five buyers of Russian oil and natural gas.

The Federal Reserve announced a 25 basis point rate hike on September 16, pushing the federal funds rate to a range of 3.75% to 4%, marking the first rate hike since July 2023.

The CCP's "Law on Promoting National Unity" officially came into effect on July 1, sparking mockery from overseas and Taiwanese netizens regarding long-arm jurisdiction.

More than a dozen provinces, regions, and municipalities in China have been struck by major natural disasters such as torrential rains, floods, and mudslides. At the same time, multiple man-made disasters have erupted concurrently, including a sudden major fire at the Zhengzhou Automotive Business Plaza in Henan, four fatalities from a construction slip in Wuzhai County, Shanxi, and a residential building fire in Luxi County, Hunan.

The website of the Chinese Communist Party's theoretical journal Qiushi published a commentary article titled "Boost Consumption with Greater Vigor," proposing measures such as increasing residents' income, improving the social security system, rescuing the real estate sector, and repairing residents' balance sheets.

In June, the IMF officially adjusted the international extreme poverty line to $3 per day, the extreme poverty line for middle‑income countries to $4.2 per day, and the poverty line for high‑income countries to $8.3 per day.