Tag: Yuan

• Monday, April 11th 2011 - 05:07 UTC

  China posts surprise quarterly trade deficit of 1.02 billion USD, first in six years

  

  China on Sunday reported a surprise quarterly trade deficit of 1.02 billion US dollars, the first in six years as it settles to rebalance its export oriented economy to boost domestic consumption in the next five years.

• Saturday, April 2nd 2011 - 06:53 UTC

  The delicate balance of ‘cooperation’ and ‘competition’ between China and Brazil

  

  Brazilian president Dilma Rousseff and her Chinese peer Hu Jintao will address the Libyan crisis and other issues related to the Chinese currency, Yuan, which has Brazilian manufacturers most concerned, anticipated the Brazilian Foreign Affairs ministry.

• Friday, April 1st 2011 - 00:03 UTC

  G20 leaders closer on agreeing greater global role for Chinese currency

  

  G20 leaders have moved towards agreeing that China's currency should have a wider role in global finance. The G20 is to study whether to include the Chinese Yuan within the basket of currencies that make up the IMF Special Drawing Right.

• Monday, March 21st 2011 - 19:11 UTC

  Fearing social unrest, Beijing bans “hedonistic, high-end” lifestyles advertising

  

  China's capital has banned outdoor advertising that promotes hedonistic or high-end lifestyles as the government seeks to ease public concerns about the country's widening wealth gap.

• Sunday, February 27th 2011 - 23:14 UTC

  China plans to build 45 new airports in the next five years

  

  China plans to build at least 45 new airports in the next five years to serve booming travel, the top industry regulator said last week.

• Monday, February 21st 2011 - 07:03 UTC

  G20 reaches deal on indicators to detect economic imbalances

  

  The G20 have reached a deal on indicators to detect economic imbalances, the French presidency said, after the meeting ended in Paris. The world's leading economies agreed on a compromise after “frank, sometimes tense” negotiations, French Finance Minister Christine Lagarde said.

• Friday, February 18th 2011 - 16:38 UTC

  China again raised bank reserves (eight times in 12 months) to rein inflation

  

  China’s central bank raised reserve requirements for lenders 10 days after boosting interest rates as Premier Wen Jiabao tackles accelerating inflation and the risk of asset bubbles in the fastest-growing major economy.

• Friday, February 18th 2011 - 04:51 UTC

  IMF calls for fiscal discipline and a “weaker dollar” ahead of G20 meeting

  

  The International Monetary Fund will warn G20 finance ministers this weekend of growing risks to the world economy from surging food prices and public finances while also advocating a somewhat weaker dollar.

• Thursday, February 17th 2011 - 03:25 UTC

  Brazil as concerned with the US dollar as with China’s Yuan

  

  Brazil is as concerned about the decline of the U.S. dollar as it is about the Chinese currency and has no plans for a joint initiative with Washington to press China to let its currency appreciate faster, said Finance Minister Guido Mantega

• Wednesday, February 16th 2011 - 00:30 UTC

  IMF calls for Yuan and SDRs to play greater role in global finance

  

  IMF chief Dominique Strauss-Kahn said the currencies of China and other emerging economies such as Brazil should play a greater role in global finance, as part of a bid to promote monetary stability