Record yuan strength hurts Chinese exports, immediate let-up unlikely
China`s exports in the first five months rose 0.7 percent from a year earlier, far from the government`s target of 6 percent this year. Exports to Europe and Japan fell 6.9 percent and 8.1 percent, respectively, and shipments to Southeast Asia were flat.
Jun 11, 2015, 14:10 PM 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
