So say the South China Morning Post: At least 40 central banks have invested in the yuan and several others are preparing to do so, putting the mainland currency on the path to reserve status…
Tag: yuan
CHINA has fined six overseas LCD panel makers including Samsung and LG a total of 144 million yuan (US$22.8 million) for manipulating prices, its top economic planning agency said yesterday. It is the first time…
China’s currency hit a record high against the US dollar on Friday, in what analysts said could be a response to US political pressure over claims the yuan is vastly undervalued. The upcoming US…
China has announced a total of 8 trillion yuan (£800bn) of “stimulus projects” to try to boost confidence in an economy that appears to be cooling faster than expected. China’s export sector is suffering…
The Chinese currency Renminbi, or the yuan, gained 19 basis points to a record high of 6.3972 per US dollar on Friday, according to the China Foreign Exchange Trading system. In China’s foreign exchange spot…