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  • October 26, 2014
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Results 1 - 10 of 26 for renminbi

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  1. 'No chance' of another one-off yuan revaluation

    Posted Jul 19th 2006, 12:00am by Staff Reporter

    ... Jane Cai Speculators should not get excited, official warns Authorities have ruled out another one-off revaluation of the yuan and warned speculators not to place 'huge bets' on faster appreciation of the currency. The mainland's foreign ex ...

  2. Steps taken to free trading

    Posted Sep 24th 2003, 12:00am by Staff Reporter

    ... The nation's top currency regulators have taken the first big steps in nearly a decade to liberalise the renminbi exchange system. The newly announced measures include lifting ... a currency against the renminbi on any given day, but could not do both. Other steps the State Administration of Foreign Exchange announced in a recent circular include allowing banks to trade ...

  3. Gripes unlikely to end even if yuan floats free

    Posted Oct 25th 2007, 12:00am by Tom Holland

    ... Tom Holland Everyone is unhappy with mainland China. At the weekend, the Group of Seven finance ministers called for an 'accelerated appreciation' of the yuan. Responding to vocal business and political lobbies that are convinced the yuan is mas ...

  4. 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 ...

  5. Staying the course

    Posted Oct 14th 2008, 12:00am by Tony Latter

    ... by many other central banks - or in favour of an alternative peg, such as to the renminbi. In fact the calls, such as there are, for a peg to the renminbi are carried along more on a tide ... be ill-advised for a convertible currency such as ours to be pegged to one which, as the renminbi, is not fully convertible; and it would anyway be impossible to operate a currency board on that basis. ...

  6. 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 ...

  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. 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 ...

  9. 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 ...

  10. 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 ...




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