China plays down concerns over yuan depreciation, dip in forex
The unpredictability in the foreign exchange market is due to uncertainties at home and abroad, Central Bank Governor Zhou Xiaochuan said, adding that fluctuations will be normal.
Mar 10, 2017, 15:38 PM IST
China's GDP growth slows to 26-year low of 6.7%
China`s economy grew 6.7 percent year on year in 2016, the slowest pace of growth in 26 years, but well within the government`s target range.
Jan 20, 2017, 09:03 AM IST
China fixes Yuan at 6-year low against US dollar
China`s central bank set the yuan`s central parity rate weaker than 6.7 to the dollar for the first time in six years Monday, the first day of trading after it joined the IMF`s "special drawing rights" reserve currency basket.
Oct 10, 2016, 11:00 AM IST
China's Yuan joins elite club of IMF reserve currencies
China`s yuan joins the International Monetary Fund`s basket of reserve currencies on Saturday in a milestone for the government`s campaign for recognition as a global economic power.
Oct 01, 2016, 12:14 PM IST
China cuts yuan fix in biggest downward move since devaluation
China weakened the yuan's fixing almost one percent to a five-and-half-year low against the dollar today, officials said, the biggest downward move since August as the greenback surge after Britain's vote to leave the European Union.
Jun 27, 2016, 10:53 AM IST
China cuts yuan fix in biggest move since devaluation
China only allows the yuan to rise or fall two percent on either side of the daily fix, one of the ways it maintains control over the currency.
May 04, 2016, 16:37 PM IST
`Uncertainty` over China`s yuan fuels market turmoil: Janet Yellen
US Federal Reserve Chair Janet Yellen said Wednesday that China`s unclear policy over its yuan currency was stoking turbulence in global markets and exacerbating global economic growth concerns.
Feb 10, 2016, 20:01 PM IST![China not going back to "old road" of capital controls](https://english.cdn.zeenews.com/sites/default/files/styles/zm_700x400/public/2016/02/06/457897-yuan7.jpg "China not going back to "old road" of capital controls")
China not going back to "old road" of capital controls
China will continue to crack down on illegal foreign exchange activities but won`t revert back to the "old road" of capital controls, the country`s top foreign exchange regulator said.
Feb 06, 2016, 16:15 PM IST
China orders foreign banks to hold yuan
China will require foreign financial institutions in the country to hold yuan in reserve.
Jan 18, 2016, 12:34 PM IST
Japan to patrol disputed islands if China sails too close: Yomiuri
Japan will respond to any intrusion by Chinese naval vessels into the waters around the disputed Senkaku islands, known in China as the Diaoyus, by ordering its Self-Defence Force ships to patrol the area, the Yomiuri newspaper reported on Tuesday.
Jan 12, 2016, 10:00 AM IST
China cuts yuan to weaker than 6.5 against dollar
China cut the yuan`s value against the greenback Monday, making it weaker than 6.5 for the first time in more than four-and-a-half years, with pressure mounting as the world`s number two economy from a growth slowdown.
Jan 04, 2016, 14:47 PM IST
China ready to moderate sharp offshore yuan falls: Sources
China’s central bank is on guard against a sudden attack on the yuan in offshore markets, and is ready to intervene if the gap between offshore and onshore exchange rates becomes destabilising, sources involved in policy discussions say.
Dec 15, 2015, 22:45 PM IST
IMF's yuan inclusion signals less risk taking in China
When the International Monetary Fund agrees on Monday to add the Chinese yuan to its reserves basket in the biggest shake-up in more than three decades, the IMF can afford itself a congratulatory nod.
Nov 30, 2015, 09:41 AM IST
China's industrial profit decline widens in October
Industrial profits in the first 10 months of 2015 dropped two percent year on year to around 4.87 trillion yuan
Nov 27, 2015, 13:22 PM IST
China issues new 100 yuan note to stop forgery of currency
China Thursday issued a new 100 yuan banknote - the largest denomination of the currency available in the world's second-largest economy - with added golden touches and more security features that will be harder to counterfeit and easier for machines to read.
Nov 12, 2015, 17:19 PM IST
China yuan overtakes yen in global payment rankings: SWIFT
China's yuan has overtaken the Japanese yen and moved into fourth place among the world's payments currencies, global transactions organisation SWIFT said today, as Beijing pushes greater international use of its currency.
Oct 06, 2015, 17:25 PM IST
Stocks post worst week in years on China fears
World stock markets tumbled on Friday and U.S. oil prices dove briefly below $40 a barrel sparked by fresh evidence of slowing growth in China, sending investors scurrying to the safety of bonds and gold.
Aug 22, 2015, 09:14 AM IST
IMF extends SDR update as eyes inclusion of China`s yuan
The IMF said Wednesday that it had extended by nine months the scheduled revision of its elite currencies basket, giving more time for adjustment to the potential inclusion of China`s yuan.
Aug 19, 2015, 22:52 PM IST
China strengthens yuan rate against dollar by 0.01%
The daily reference rate was set at 6.3969 yuan to $1.0, slightly stronger than Friday`s 6.3975, the China Foreign Exchange Trade System said.
Aug 17, 2015, 08:25 AM IST
China cuts yuan rate for 3rd straight day by more than 1%
China cut the reference rate for its currency for the third straight day on Thursday, authorities said, after their surprise devaluation of the yuan this week unsettled global financial markets.
Aug 13, 2015, 11:12 AM IST
