'The yuan has declined about 2% against the dollar this year, but an index of its value against its major trading partners is up nearly 3%, given the sharp 9% drop in the Japanese yen and the Korean won's 5% drop against the dollar in that period.'

reuters.com/markets/curren…

SCMP: 'Last year, China approved an updated set of accounting rules that allows companies to include data resources as either “intangible assets” or “inventories” in their financial statements.'

sc.mp/nb1i9?utm_sour… via @scmpnews

Caixin: According to Chinese regulators, 'the four national asset management companies would be allowed to acquire financial assets from large and joint-stock banks, expanding the scope of assets they could acquire.'

caixinglobal.com/2024-05-10/chi…

Xinhua; 'During the January-April period, fixed-asset investment in the country's railway sector reached 184.9 billion yuan, marking a 10.5 percent increase from the same period a year ago. The growth rate was higher than the 9.9 percent expansion in the first quarter of 2024.'