Last Updated: Wednesday, May 27, 2015, 23:17
The United States still believes China`s yuan currency is undervalued, unlike the International Monetary Fund, US Treasury Secretary Jack Lew said Wednesday.
Last Updated: Tuesday, May 26, 2015, 21:41
The IMF Tuesday said China's currency is "no longer undervalued," deflating repeated US assessment that the Yuan is deliberately devalued to secure trade advantages.
Last Updated: Wednesday, February 25, 2015, 13:35
South Korea became the third country in the world to begin direct trading of the yuan for a local currency in December under the aim of grabbing a larger share of the growing business opportunities involving the yuan outside China.
Last Updated: Thursday, August 29, 2013, 21:55
The Industrial and Commercial Bank of China (ICBC), the country's largest lender, posted a profit of 138.5 billion yuan (USD 22.3 billion), registering a year-on-year increase of 12.4 percent.
Last Updated: Wednesday, March 6, 2013, 13:11
"The value of RMB yuan is very close to its equilibrium," Yi Gang, deputy governor of the People's Bank of China, the central bank, told media here on Wednesday.
Last Updated: Wednesday, November 28, 2012, 09:41
Chinese currency still remains significantly undervalued but the steps taken by the country to reduce intervention in exchange markets and the recent appreciation of reminibi means that it cannot be designated as a currency manipulator, the US has said.
Last Updated: Tuesday, November 13, 2012, 13:19
The number of foreign companies using the yuan as their currency of choice has surged after rules introduced this year allowed yuan settlements for Chinese traders.
Last Updated: Thursday, August 30, 2012, 09:23
Top Republican leaders have accused President Barack Obama of letting China go scot free with its currency manipulation and unfair trade practices, which is hurting the United States.
Last Updated: Thursday, March 8, 2012, 23:33
The Chinese yuan weakened 22 basis points to 6.3235 against the US dollar Thursday, according to the China Foreign Exchange Trading System.
Last Updated: Saturday, March 3, 2012, 12:27
China, the largest holder of US treasury bonds, has cut its American debt holding by USD 8.2 billion amid moves by its central bank to rapidly expanding the Yuan-denominated cross-border trade to promote the use of the Chinese currency in foreign trade.
Last Updated: Wednesday, February 15, 2012, 00:20
China's foreign reserves rose by USD 384.8 billion last year, the lowest in the past five years.
Last Updated: Saturday, February 11, 2012, 12:43
Chinese currency yuan rose to an 18-year-high on Friday, as its Vice-President Xi Jinping, expected to take over as President next year, geared up for a trip to the United States next week.
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