At 9.02 am, the local note stood at 4.3840/3890 versus the greenback from Tuesday's close of 4.3880/3915.
Shanghai has achieved zero-COVID status across its districts and the city is expected to gradually open up, aiming to resume normal life by June 1. "China’s authorities seem to be more relaxed on the technology sector after more than a year crackdown on the industries.
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