renminbi

CPEC turns into challenge for China; entire One Belt One Road project could be at stake

Any strains for CPEC are bound to have wide repercussions for China's attempts in other countries.

Dec 06, 2017, 20:34 PM IST

Roadblock in friendship? Pakistan 'stunned', as China stops funding for 3 CPEC projects, says report

Was China's decision to stop funding for the three road projects retribution?

Dec 05, 2017, 16:23 PM IST

IMF sees little room for dramatic depreciation of yuan

China's central bank has devalued the yuan by 0.51 percent to 6.56 percent against the dollar, the lowest since March 2011.

 

Mar 12, 2016, 15:22 PM 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

Chinese currency devaluation appears a welcome step: IMF

China's new mechanism for determining the central parity of its currency "appears a welcome step" as it should allow market forces to have a greater role in determining the exchange rate, the IMF has said.

Aug 12, 2015, 12:17 PM IST

China devalues its currency Yuan: What will be the worldwide impact

China cut the value of the yuan against the dollar for a second consecutive day.

Aug 12, 2015, 09:40 AM IST

China`s yuan currency `no longer undervalued`: IMF

China`s vast and regular trade surpluses have seen it accumulate the world`s largest foreign exchange reserves, which stood at $3.73 trillion at the end of March.

May 26, 2015, 17:17 PM IST

How China is upsetting the old global economic order

With its huge new infrastructure bank and its ambitions for a globalised renminbi currency, China is leading the upending of a 70-year-old global order built on American economic power.

Apr 19, 2015, 18:21 PM IST

Switzerland, China agree swap boosting role of yuan

The BNS statement said that the agreement was "an important step" for the renminbi business in Switzerland.

Jul 21, 2014, 15:55 PM IST