Latest News on Chinese Yuan
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Chinese Yuan - Total results - 9
Oct 31, 2018
China factory activity slows in October amid trade war woes and weakening of yuanThe figures (PMI at 50.2) are the latest sign that the Chinese economy is losing momentum as it faces challenges at both home and abroad -- from a trade war with the US to a massive debt buildup.
Aug 27, 2018
Current account deficit to hit 2.8% of GDP in FY19 on surge in crude oil prices, moderate growth in exports: SBI reportThe merchandise trade imbalance is also expected to rise to $188 billion in FY19, compared with $160 billion in FY18, according to SBI research report
Jun 25, 2018
As trade war looms, China cuts some banks' reserve requirements to boost lendingThe reserve reduction, the third by the central bank this year, had been widely anticipated by investors amid concerns over market liquidity and a potential economic drag from a trade dispute with the United States.
Jan 02, 2018
Day after Donald Trump tirade, Pakistan cozies up to Beijing and allows use of Chinese Yuan for foreign currency transactionsWith ties with the US running into an all-time low, Pakistan is fast cosying up to China as its charity from the US threatening to dry up after the intimidating Trump tweet.
Dec 01, 2015
IMF gives China's currency prized reserve asset statusThe IMF said China's comparatively higher interest rates would likely increase the SDR interest rate
Aug 11, 2015
China devalues yuanby 2% to battle exports slump; currency hits 3-year lowA 2 percent fall in the value of the yuan is a relatively huge move for China
May 22, 2013
China-India relations: Why Rupee-RMB-dollar trade won't workThe currency of choice for trade transactions is determined by what's called the "network effect". We use it because others use it - and that's not going to change unless the dynamics of trade change.
May 09, 2013
Don't look now, but Mao Zedong is sneaking into your wallet...For all the chatter about the "inevitable" rise of the Chinese yuan to global reserve currency status, the reality of the structural weaknesses in China's own economy may mean that that transition may not be accomplished quite so easily.
Jan 09, 2012
China signs 14 bilateral currency swaps, to expand yuan reachChina will further promote the use of yuan in cross-border trade and investment settlements this year while stepping up efforts to monitor yuan flows, Chinese media reported on Monday.