Tag: Yuan

• Monday, October 18th 2010 - 21:49 UTC

  China insists that reforming the Yuan “will be a gradual process”

  

  A senior IMF official tried to dampen talk of a global currency war, while China said it will stick to a gradual reform of its currency.

• Thursday, October 14th 2010 - 05:46 UTC

  China admits “currency war” spectre but responsibility is shared by G20

  

  China is trying to avoid a currency war, but issues concerning any specific currency should not be treated as part of an agenda at G20 meetings, a Chinese G20 negotiator said.

• Monday, September 20th 2010 - 05:44 UTC

  China rejects pressure to appreciate Yuan; US lobbying G20 ahead of summit

  

  An advisor to China's central bank has rebuffed criticism from the US over Beijing's exchange rate policy. In a speech in Beijing, Li Daokui said China “will not appreciate the Yuan solely because of external pressure”.

• Sunday, September 12th 2010 - 06:45 UTC

  China trade surplus down; US congress set to discuss value of the Yuan

  

  China's trade surplus narrowed in August as imports picked up at a faster pace and exports slowed although not drastically, official figures showed on Friday. The data is likely to keep up pressure on Beijing to ease currency controls.

• Tuesday, August 24th 2010 - 05:01 UTC

  China ready to celebrate 30 years of economic success, admits “social debt”

  

  Chinese Premier Wen Jiabao called for implementation of political reform measures during a tour in Shenzhen, the nation's first special economic zone (SEZ) which thirty years ago opened the way for the economic reforms that have helped China become a world power.

• Saturday, July 31st 2010 - 19:00 UTC

  China overtakes Japan as world’s second largest economy, says Beijing

  

  China has overtaken Japan to become the world's second-largest economy behind the United States, the country's chief currency regulator and vice-governor of the People's Bank of China (PBOC) said this week.

• Friday, July 30th 2010 - 06:00 UTC

  Citibank agrees fine to settle charges it misled investors with high risk mortgages

  

  Banking giant Citigroup has agreed to pay 75 million US dollars to settle civil charges that it misled investors over potential losses from high-risk mortgages. It agreed the settlement with US financial watchdog the Securities and Exchange Commission (SEC).

• Monday, July 12th 2010 - 03:48 UTC

  Chinese trade “has recovered to pre-crisis levels” affirms Beijing

  

  China’s trade surplus widened to the highest this year and exports climbed more than estimated to a record in June, adding pressure on the government to let the currency gain after the U.S. said the Yuan “remains undervalued.”

• Saturday, June 26th 2010 - 05:16 UTC

  “China playing games” with the announced Yuan flexibility, says Krugman

  

  Nobel laureate Paul Krugman said China’s pledge to make the Yuan more flexible was an “exercise in bad faith” intended to fend off international pressure for a stronger currency at this week’s Group of 20 leaders’ summit.

• Tuesday, June 22nd 2010 - 05:05 UTC

  Brazil reacts cautiously to the Yuan “greater flexibility” policy

  

  Brazil's Central Bank welcomed China's move to boost flexibility of the Yuan exchange rate, saying the decision showed China's willingness to help the global economy.