The move is part of a deal Apple inked with Guizhou provincial government on Wednesday.
The move, as part of a broader effort to ensure market stability, had prevented the yuan's depreciation in the short term, said Tan Han, an analyst at Guotai Jun'an Securities.
The move has fueled widespread concerns over US investment and the business environment, Gao said. "We hope the US does not try to be too clever, or it will only receive a bitter outcome from what it has done."
The move doesn't immediately end the company's longest strike since 2007, but will come as a relief to the union and the automaker. GM will have lost .5 billion in profits to date if the deal is approved, according to an estimate from the Anderson Economic Group.
The move from Hong Kong's de facto central bank followed the Federal Reserve's decision to raise interest rates by a quarter of a percentage point in the third hike this year.
The nation will fulfill its responsibilities as a major developing country and jointly promote the course of global development, Li added.
临沧龟头泛红
The nation's surveyed unemployment rate rose by 0.2 percentage points, reaching 5.3 percent this month after most college graduates started entering the job market in July, Liu Aihua, spokeswoman for the National Bureau of Statistics, said at a news conference on Wednesday.
The move comes after Soft-Bank's announcement last Monday that it is selling billion in assets to help reduce its debt and fund a share buyback.
The most active corn contract for December delivery was up 13 cents, or 3.38 percent week on week, to close at .9775 per bushel on Friday.
The most recent amendment in 2004 protected private property and human rights and gave the Theory of Three Represents constitutional authority.