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China yuan News

10 Mar 2017

China plays down concerns over yuan depreciation, dip in forex

The unpredictability in the foreign exchange market is due to uncertainties at home and abroad, Central Bank Governor Zhou Xiaochuan said, adding that fluctuations will be normal.

20 Jan 2017

China's GDP growth slows to 26-year low of 6.7%

China`s economy grew 6.7 percent year on year in 2016, the slowest pace of growth in 26 years, but well within the government`s target range.

10 Oct 2016

China fixes Yuan at 6-year low against US dollar

China`s central bank set the yuan`s central parity rate weaker than 6.7 to the dollar for the first time in six years Monday, the first day of trading after it joined the IMF`s "special drawing rights" reserve currency basket.

01 Oct 2016

China's Yuan joins elite club of IMF reserve currencies

China`s yuan joins the International Monetary Fund`s basket of reserve currencies on Saturday in a milestone for the government`s campaign for recognition as a global economic power.

27 Jun 2016

China cuts yuan fix in biggest downward move since devaluation

China weakened the yuan's fixing almost one percent to a five-and-half-year low against the dollar today, officials said, the biggest downward move since August as the greenback surge after Britain's vote to leave the European Union.

China central bank

04 May 2016

China cuts yuan fix in biggest move since devaluation

China only allows the yuan to rise or fall two percent on either side of the daily fix, one of the ways it maintains control over the currency.

10 Feb 2016

`Uncertainty` over China`s yuan fuels market turmoil: Janet Yellen

US Federal Reserve Chair Janet Yellen said Wednesday that China`s unclear policy over its yuan currency was stoking turbulence in global markets and exacerbating global economic growth concerns.

06 Feb 2016

China not going back to "old road" of capital controls

China will continue to crack down on illegal foreign exchange activities but won`t revert back to the "old road" of capital controls, the country`s top foreign exchange regulator said.

18 Jan 2016

China orders foreign banks to hold yuan

China will require foreign financial institutions in the country to hold yuan in reserve.

12 Jan 2016

Japan to patrol disputed islands if China sails too close: Yomiuri

Japan will respond to any intrusion by Chinese naval vessels into the waters around the disputed Senkaku islands, known in China as the Diaoyus, by ordering its Self-Defence Force ships to patrol the area, the Yomiuri newspaper reported on Tuesday.

04 Jan 2016

China cuts yuan to weaker than 6.5 against dollar

China cut the yuan`s value against the greenback Monday, making it weaker than 6.5 for the first time in more than four-and-a-half years, with pressure mounting as the world`s number two economy from a growth slowdown.

15 Dec 2015

China ready to moderate sharp offshore yuan falls: Sources

China’s central bank is on guard against a sudden attack on the yuan in offshore markets, and is ready to intervene if the gap between offshore and onshore exchange rates becomes destabilising, sources involved in policy discussions say.

30 Nov 2015

IMF's yuan inclusion signals less risk taking in China

When the International Monetary Fund agrees on Monday to add the Chinese yuan to its reserves basket in the biggest shake-up in more than three decades, the IMF can afford itself a congratulatory nod.

China industrial firms

27 Nov 2015

China's industrial profit decline widens in October

Industrial profits in the first 10 months of 2015 dropped two percent year on year to around 4.87 trillion yuan

12 Nov 2015

China issues new 100 yuan note to stop forgery of currency

China Thursday issued a new 100 yuan banknote - the largest denomination of the currency available in the world's second-largest economy - with added golden touches and more security features that will be harder to counterfeit and easier for machines to read.

06 Oct 2015

China yuan overtakes yen in global payment rankings: SWIFT

China's yuan has overtaken the Japanese yen and moved into fourth place among the world's payments currencies, global transactions organisation SWIFT said today, as Beijing pushes greater international use of its currency.

World stock markets

22 Aug 2015

Stocks post worst week in years on China fears

World stock markets tumbled on Friday and U.S. oil prices dove briefly below $40 a barrel sparked by fresh evidence of slowing growth in China, sending investors scurrying to the safety of bonds and gold.

19 Aug 2015

IMF extends SDR update as eyes inclusion of China`s yuan

The IMF said Wednesday that it had extended by nine months the scheduled revision of its elite currencies basket, giving more time for adjustment to the potential inclusion of China`s yuan.

17 Aug 2015

China strengthens yuan rate against dollar by 0.01%

The daily reference rate was set at 6.3969 yuan to $1.0, slightly stronger than Friday`s 6.3975, the China Foreign Exchange Trade System said.

13 Aug 2015

China cuts yuan rate for 3rd straight day by more than 1%

China cut the reference rate for its currency for the third straight day on Thursday, authorities said, after their surprise devaluation of the yuan this week unsettled global financial markets.

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