The growing role of the Chinese renminbi (RMB), also known as the yuan, as a global currency and the designation of a clearing bank for it in the United States were a hot topic at the first-ever Shanghai Financial I...
As the exchange rate quotation showed on October 18, the central parity rate of the yuan against the ,U.S. dollar stood at 6.7303, a six-year low, and implied a depreciation of 10 percent over the past one year or so,...
In the first half of the year, the renminbi exchange rate showed a depreciation ten- dency, which is a rare occurrence. At one point, it depreciated as much as 3.5 percent against the U.S. dollar. Yet, entering the se...
Signs of a stable recovery are becoming more noticeable in China, especially after the People’s Bank of China, the central bank, decided to proceed with efforts to reform the renminbi (yuan) exchange rate regime and ...
Now that the global recovery has taken hold and with the Chinese economy gaining ground,China’s central bank—the People’s Bank of China—has decided to proceed with reform of the renminbi(yuan) exchange rate regime...
Recently,the fast appreciation of the Chinese currency has become a major concern both at home and abroad.Ba Shusong,a researcher with the Development Research Center of the State Council,in a recent article for the 2...