According to the latest RMB Internationalization Report 2022 issued by the People’s Bank of China,the international payment share of RMB increased to 2.7%in December 2021,surpassing the yen to become the fourth mostu...
The Ministry of Finance(MOF)said,in an online statement,that the combined profits of China’s SOEs rose 7.2% year-on-year to RMB 1.82 trillion(USD 264.5 billion)for the first six months of 2019.
The UK government successfully issues a sovereign bond in China’s currency,the renminbi(RMB),becoming the first western country to do so,according to British Embassy in China.The sovereign bond,issued on October 14 i...
Xinhua reported on April 23 that the Industrial and Commercial Bank of China(ICBC)(London) said it would work on boosting off-shore trading of Chinese currency RMB,also known as yuan,here in Europe. Xu Jinlei,general ...
More and more RMB funds are flowing out of China through various channels,including RMB international trade settlement, foreign-invested enterprises’ profits, proceeds generated from their China business units, dim s...
According to Xinhua on December 16, China's old-for-new home appliance subsidy program had stimu- lated RMB 300.4 billion (US$47.68 billion) in sales by the end of November, the Ministry of Commerce said.
China neither seeks for larger trade surplus,nor believes larger surplus will bring more benefit. As early as at the 16th CPC Congress held at the end of 2002,China did clearly
China should not yield to outside pressure to institute a one-time appreciation of the RMB in the short term,domestic Chinese experts and economists said at a discussion forum held in Beijing on March 29.
The decision by China's central bank on June 19 to let the RMB's value rise may someday hamper the nation's electronics exporters, but automakers have nothing to fear.