Yuan, the indicator of trade war
The Chinese onshore yuan weakened to a new level for 2019 on Monday, after comments from China’s central bank governor and unexpected trade data dragged on the currency. The onshore […]
yuan
China’s yuan to enforce its stability
The yuan is entering a critical period after posting its second-best monthly advance ever, with analysts sounding caution as a new round of China-US trade talks gets underway. The Chinese […]
China-Russia are working for an alternative to US dollar
Russia, China and a number of other countries are aiming to cut their dependence on the US dollar, as Washington uses access to the dollar payment system as a weapon […]
China Central Bank: renminbi under observation
China’s central bank chief on Tuesday blamed the yuan’s recent weakness on the U.S. dollar’s strength and external uncertainties, as state-owend banks were seen trying to prop up the currency. […]
China is studying a tool for yuan devaluation
China is evaluating the potential impact of a gradual yuan depreciation, people familiar with the matter said, as the country’s leaders weigh their options in a trade spat with U.S. […]