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He Huifeng

He Huifeng

Guangdong
Correspondent, Political Economy
He Huifeng is an award-winning journalist who has reported on China since 2001. She has gained an in-depth knowledge of political, economic and social issues in mainland China through years of close observation, which has given her a love for journalism in the field.
He Huifeng is an award-winning journalist who has reported on China since 2001. She has gained an in-depth knowledge of political, economic and social issues in mainland China through years of close observation, which has given her a love for journalism in the field.
Areas of Expertise:
Reporting, writing
Languages Spoken:
English, Mandarin

China’s offshore yuan breaks major benchmark as appreciation momentum builds

For the first time since 2024, the currency strengthened past the threshold of seven per US dollar – and did it again the next day.

Initial excitement fizzles amid limited benefits and security concerns, immigration agents say.

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With many of their clients moving or building sites abroad, China’s factory owners are following suit, seizing a ‘last chance’ for new revenues.

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Popular destination for capital feels the chill, with cruise lines cancelling trips, investors selling property and parents questioning if it is safe to send students.

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Growing participation and government support are fuelling innovation in equipment, expanding domestic resorts, and creating new jobs in China’s ice and snow economy.

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As Goldman Sachs predicts gold will hit US$4,000 an ounce, a nuanced picture emerges on the ground in China, revealing a complex relationship with the precious metal.

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Related Topics
YuanUS-China relationsRare earthsChina-Japan relationsChinaChina consumptionUS-China trade warChina travelChina-Russia relationsChina GDP