China's central bank said Monday the Chinese currency has the fundamentals to remain stable relative to a basket of currencies after a change on Friday in the way the renminbi's value is calculated. The fundamentals include a high ...
Tags: RMB, Central Bank
Chinese film director Gu Changwei is staging his solo show The Vision in Beijing. [Photo provided to China Daily] Film director and photographer Gu Changwei's latest production isn't at the cinemas but rather at three exhibition halls of ...
Tags: Film, Gu Changwei, 100-Yuan Note
The People's Bank of China (PBOC), the central bank, announced it would issue a new 100-yuan bank note from Nov 12 on Monday. The new bank note will be harder to counterfeit and easier for machines to read. Part of the fifth set of bank ...
Tags: central bank, new 100-yuan
South Korea, which sends around a quarter of its exports to China, is one of the few countries in the world to run a trade surplus with the Asian giant. Both countries want more of this trade to be done in yuan, which would make trade ...
Tags: trade surplus, Chinese currency
A senior Chinese central bank official said Thursday that the country is "actively communicating" with the International Monetary Fund (IMF) on the possibility of including Chinese currency yuan, or RMB, in the basket of the Special Drawing ...
Tags: SDR Basket, Chinese currency
With Chinese currency the yuan, also known as the renminbi, enjoying rising acceptance, banks and enterprises in the Gulf Arab region are seeking ways to catalyze the growing demand for conducting trade with the currency. "By the end of ...
Dramatic monetary policies in Europe have lots of potential to create a new surge of hot money inflow into China, says Simon Derrick, chief currency strategist at the Bank of New York Mellon. Hot money is speculative money that flows ...
The Chinese currency has seen sharp volatility against the US dollar this week as a strengthening dollar stokes worries of the yuan's depreciation. The yuan continued to decline against the dollar on Wednesday with its spot exchange rate ...
Tags: China's New Yuan, Chinese currency
China's central bank seems to have moved to stabilize the yuan despite mounting market sentiment that the currency has been toward the upper limit of its daily trading band for the past week. The reference rate the People's Bank of China ...
Undoubtedly one of the catch-phrases that Chinese stock investors like to hear most is "opening up". The government has already taken numerous steps to ease restrictions on foreign capital in the domestic stock market. You must have heard ...
Tags: stock investors, Chinese currency
The value of the Chinese currency renminbi, or the yuan, strengthened by 34 basis points to 6.1213 against the U.S. dollar in its central parity rate on Thursday, according to the China Foreign Exchange Trading System. In China's spot ...
Tags: Chinese Yuan, U.S.dollar
The value of the Chinese currency renminbi, or the yuan, weakened by 21 basis points to 6.1430 against the U.S. dollar in its central parity rate on Tuesday, according to the China Foreign Exchange Trading System. In China's spot foreign ...
Tags: Chinese Yuan, USD
The American Iron and Steel Institute (AISI) commended Senators Brown (D-OH) and Sessions (R-AL) Wednesday for their appeal to President Obama to formulate a national strategy to address the trade-distorting practice of currency ...
Tags: Iron, Steel, Chinese Currency Manipulation
U.S. manufacturers have grown more competitive over the past decade compared with factories in China, Brazil, and most of the world’s other major economies. So says a new private study, which found that rising wages and higher ...
Tags: Chinese electricity
Beginning May 19, Max Windsor Floors will implement a 4% to 9% price increase on all engineered wood floors. According to Peter Spirer, CEO, the increase is attributable to rising lumber costs, the strengthening of Chinese currency and ...
Tags: Construction, wood floors, floor