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  • November 29, 2014
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Results 1 - 10 of 26 for renminbi

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  1. Blame game

    Posted Oct 13th 2011, 12:00am

    ... never labelled China a 'currency manipulator'. In fact, in real terms, the renminbi has appreciated by about 10 per cent against the US dollar this year. And there is little evidence that a stronger renminbi would reduce the US trade deficit with China or create jobs. In promoting the act, Snowe argued that 'if there were ever a moment to empower our workforce when it comes ...

  2. Widened yuan range to spark 'fireworks'

    Posted Apr 16th 2012, 12:00am

    ... necessary steps to globalise renminbi until we see its exchange rate freely floating, which may take five or 10 years.' Dai's comments on the yuan coincided with a government decision ...

  3. Saving itself

    Posted Nov 12th 2011, 12:00am

    ... into play. Beijing is feeling the heat from American officials putting pressure on China to end its policy of massive market intervention designed to artificially suppress the value of the renminbi ... free market practices. In return for buying euro bonds, any such declaration by Europe's leaders would give Beijing breathing space should the renminbi issue be again raised by American ...

  4. Yuan holdings start to take off

    Posted Mar 19th 2012, 12:00am

    ... holding part of their reserves in yuan, said an industry veteran. The yuan is also known as renminbi, or RMB, which literally means 'people's money'. 'There is strong interest ...

  5. Can Asian currencies rise to global challenge?

    Posted Aug 26th 2011, 12:00am

    ... financial system will have fewer national currencies, a few monetary zones, and more than one reserve currency. The centrality of the US dollar in the system will be reappraised, and the renminbi ... needs to be redesigned. For Asia, there are clear benefits: as the renminbi becomes global, China will be able to enjoy the financial advantages of printing a reserve currency, domestic ...

  6. A fine balancing act

    Posted Mar 15th 2012, 12:00am

    ... contracts. 'That shows that the renminbi exchange rate may possibly have reached an equilibrium exchange rate,' he said. His government would push for 'relatively large-scale' ...

  7. A lot of hot air

    Posted May 23rd 2011, 12:00am

    ... produced goods and services into a common currency, the US dollar. So every time the renminbi exchange rate goes up a notch, the end of the 'Age of America' is said to be an inch closer. ... is the think tank that made its name last year by providing much of the congressional ammunition for the accusations against China that the renminbi was undervalued. The year 2016 is becoming a key ...

  8. Beijing and its shrinking fistful of US dollars

    Posted Aug 15th 2011, 12:00am

    ... lost value, so too did the total assets of the US. But against it, the renminbi was gaining value, and so too were all of China's assets. The Chinese economy is strong, Cao said. 'As our renminbi strengthens, we may gain more in the value of our domestic assets than we lose in offshore dollar-denominated ones.' Cao said China needed to adjust the dollar's share ...

  9. World will continue to make do with the messy legacy of Bretton Woods

    Posted Oct 29th 2011, 12:00am

    ... global trade and payments and maintaining global financial stability? For example, the debate over the role of the US dollar and the emergence of the renminbi is seen as a threat to the status ... be resolved before considering the technical question of whether surplus country currencies like the renminbi should be included in the Special Drawing Rights basket of currencies as the global ...

  10. Global reserve currency proves to be a curse for the issuing country

    Posted Oct 15th 2011, 12:00am

    ... and the renminbi 0.3 per cent of turnover. The US dollar still accounts for nearly two-thirds of total foreign exchange reserves. China alone reputedly holds roughly US$2trillion in US dollar assets ...




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