China denies becoming world's largest economy on PPP terms
China Tuesday refuted claims that it has overtaken the United States as the world's largest economy on purchasing power parity (PPP).
Jan 20, 2015, 18:53 PM IST
China 2014 trade surplus rockets to record high of $382 bn: Govt
China`s trade surplus soared by almost half last year to a record $382 billion, the government announced Tuesday, but the world`s second-largest economy again missed its trade growth target due to weakness overseas.
Jan 13, 2015, 09:19 AM IST
China launches direct currency trading with Singapore
The move is crucial for the formation of a direct exchange rate between the Chinese yuan and Singapore dollar.
Oct 27, 2014, 20:32 PM IST
China has entered medium-speed growth era: Economists
China has entered an era of medium-speed growth between seven percent and eight percent, leading analysts said Tuesday after it emerged that the world's second largest economy grew at its slowest pace since 2009 in the third quarter of 2014.
Oct 21, 2014, 18:53 PM IST
'Rupee to stagnate on dollar rally; yuan to rise slowly'
The rupee will likely stagnate over the next year as a U.S. dollar rally gathers steam and the Indian economy at best chugs along, while the Chinese yuan will probably appreciate a little, a Reuters poll found.
Sep 05, 2014, 15:12 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
Bank of China in first yuan bond issue in Paris
Paris wants to become a leader in Europe for trade in China`s tightly controlled currency, also known as the renminbi.
Jul 08, 2014, 19:21 PM IST
'China's wealth management products total $2.1 trillion'
China`s wealth management products totalled 12.8 trillion yuan (USD 2.06 trillion) as of the end of May, state media said, quoting the vice central bank head.
Jun 22, 2014, 19:51 PM IST
Bank of China approved for yuan clearing in Frankfurt
China`s central bank has approved Bank of China, one of the country`s major financial institutions, as the clearing bank for yuan transactions in Germany`s financial centre Frankfurt, it said Thursday.
Jun 19, 2014, 18:34 PM IST
China to start direct yuan trade with British pound
China will start direct trade between its yuan currency and Britain`s pound on Thursday, the country`s foreign exchange trade platform said, in another step on its push to internationalise the unit.
Jun 18, 2014, 18:09 PM IST
