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renminbi
Renminbi News
CPEC
06 Dec 2017
CPEC turns into challenge for China; entire One Belt One Road project could be at stake
Criticism is rising in Pakistan against secrecy surrounding the terms of CPEC agreements. China faces perception battle as CPEC is crucial for its Belt and Road Initiative CPEC is only operational arm of BRI, and any troubles here are likely to impact other projects
CPEC
05 Dec 2017
Roadblock in friendship? Pakistan 'stunned', as China stops funding for 3 CPEC projects, says report
China told Pakistan that it would okay funding only after Bejing issues new procedures Worry for Pakistani officials is that new procedures could affect other CPEC projects as well Pakistan had refused to allow trade in the renminbi at Gwadar soon after refusing funding for a dam in PoK
China
12 Mar 2016
IMF sees little room for dramatic depreciation of yuan
China's central bank has devalued the yuan by 0.51 percent to 6.56 percent against the dollar, the lowest since March 2011.
China
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.
China
12 Aug 2015
Chinese currency devaluation appears a welcome step: IMF
China's new mechanism for determining the central parity of its currency "appears a welcome step" as it should allow market forces to have a greater role in determining the exchange rate, the IMF has said.
China
12 Aug 2015
China devalues its currency Yuan: What will be the worldwide impact
China cut the value of the yuan against the dollar for a second consecutive day.
China's Yuan
26 May 2015
China`s yuan currency `no longer undervalued`: IMF
China`s vast and regular trade surpluses have seen it accumulate the world`s largest foreign exchange reserves, which stood at $3.73 trillion at the end of March.
China
19 Apr 2015
How China is upsetting the old global economic order
With its huge new infrastructure bank and its ambitions for a globalised renminbi currency, China is leading the upending of a 70-year-old global order built on American economic power.
Switzerland
21 Jul 2014
Switzerland, China agree swap boosting role of yuan
The BNS statement said that the agreement was "an important step" for the renminbi business in Switzerland.
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