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  1. Fall and rise of the renminbi: 'people's currency' rides out downturn to become a global powerhouse

    Posted Sep 25th 2009, 12:00am by Staff Reporter

    ... The currency quarrel between the two governments suddenly calmed when the global financial crisis began. Many market watchers have started to talk about the potential of the renminbi becoming a world currency, because of the stability of the mainland's economy. A series of moves by the central government after the financial crisis only reinforced the talk. They signed currency ...

  2. Economists cannot agree on revaluing of currency

    Posted Mar 11th 2010, 12:00am by Staff Reporter

    ... as evidence to support their arguments. Zhou cited the policy adopted in mid-2008 of holding the yuan pegged to the US dollar as being part of the package to deal with the global financial crisis ... cent, de-pegging it from the dollar and linking it to a basket of currencies with a limited trading band. It had gained about 20 per cent against the greenback before being the re-pegging. ...

  3. PBOC sets yuan parity rate at 5-year high

    Posted Jun 23rd 2010, 12:00am by Staff Reporter

    ... Jane Cai The People's Bank of China yesterday set the yuan's central parity rate- the centre point of the currency's official trading band- at the highest level against ... by the financial crisis in 2008 when the mainland reverted to a de facto peg with the greenback to minimise the impact. The weekend announcement was widely seen as a move to head off international pressure ...

  4. Business - Comment - MONITOR

    What bank research reports don't tell you about the yuan

    Posted Aug 23rd 2012, 12:00am by Tom Holland

    ... reserve currency popped into my e-mail inbox yesterday. I've been sent dozens of these in recent months. The standard of the analysis varies widely, and their length ranges from a few pages ... that in the past the yuan has been little used outside China. But with faith in the US dollar shaken by the 2008 financial crisis, and with Beijing now actively promoting the yuan for international trade ...

  5. Getting ready to live with a stronger yuan

    Posted May 03rd 2010, 12:00am by Frank Ching

    ... This progression halted with the global financial crisis, but China is again under heavy pressure to allow the yuan to rise against the dollar. All signs are that Beijing has decided to allow its currency ... Frank Ching Until a few years ago, the Hong Kong dollar was welcome on the mainland as cab drivers and others happily accepted our currency in lieu of the yuan, since its value was always ...

  6. 'Special' yuan policy for stimulus won't last

    Posted Mar 07th 2010, 12:00am by Cary Huang

    ... 'special exchange rate mechanism'. Foreign governments say the currency's value has been held down. The bank chief said the 'timing of the exit must be treated with great ... including a special exchange rate mechanism, during some special periods- such as the Asian financial crisis and the global financial crisis this time. Sooner or later, we will exit ...

  7. StanChart sees yuan fall against US dollar

    Posted Jun 07th 2012, 12:00am

    ... the yuan to the US dollar as it did after the 2008 financial crisis, and sees it continuing to allow more two-way movement in the currency. Beijing scrapped the yuan's decade-old peg to the dollar in July 2005 and allowed the currency to rise by 19 per cent against the US currency over the next three years. But in July 2008, when the global financial crisis erupted, it reinstated ...

  8. China wants negotiations, not trade war

    Posted Jun 27th 2010, 12:00am by Staff Reporter

    ... or major appreciation. Beijing has long been under pressure to let its currency appreciate. It has maintained the yuan's de facto peg to the US dollar at about 6.8 in the past two years ... the dollar, but in 2008 Beijing reimposed the peg amid the global financial crisis. 'China's resilience following the financial crisis has placed it in a strong position to be more flexible ...

  9. Prepare for renewed yuan strength after a stable year

    Posted Jun 11th 2009, 12:00am by Tom Holland

    ... is the foreign-exchange market stopped expecting the yuan to fall against the US currency and returned to pricing in yuan appreciation. The first of the two charts below illustrates this change of heart ... below the line shows when they have turned bearish on the mainland currency. As the chart shows, the market has mostly expected yuan appreciation since the currency was revalued back in 2005. ...

  10. Geithner visit fuels talk of yuan rise

    Posted Apr 08th 2010, 12:00am by Cary Huang, Denise Tsang

    ... is likely to allow only a symbolic rise in the currency's value for now, said a senior banker familiar with the mainland leadership's thinking. Geithner's visit was announced ... The White House said Obama would raise the currency issue in his meeting with Hu, but Foreign Affairs Vice-Minister Cui Tiankai declined to say whether the leaders would discuss it specifically. Cui ...




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