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Beijing :: China | over 1 year ago

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China's central bank and commercial banks saw their yuan funds outstanding for foreign exchange continue to increase amid expectation of a rising yuan as the world's second largest economy gradually recovers. After buying a record high of 683.7

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Beijing :: China | over 1 year ago

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China's new yuan-denominated lending stood at 2.76 trillion yuan ($441 billion) in the first quarter, up 294.9 billion yuan year-on-year , the People's Bank of China announced on Thursday. New loans denominated in foreign currencies stood at $70.9

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Alexandria :: VA :: USA | over 1 year ago

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Not so fast, China's government controlled media just targeted the iPhone and iPad maker as a corporate miscreant. Apple's Issue Apple's high tech gadgets have revolutionized markets from the cell phone to the computer. However, the company likes to

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Durban :: South Africa | over 1 year ago

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Petar Kujundzic Yuan banknotes are seen in this illustrative photograph taken in Beijing September 19, 2010. China's currency -- the yuan or renminbi (RMB) -- hit a 19-year high against the U.S. dollar last week. An appreciating currency should

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Shenzhen :: China | over 1 year ago

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The move is seen as a significant step in China's push for a more international role for its currency. Beijing is trying to promote the yuan as an alternative to the US dollar's role as a global reserve currency. "The yuan is on its way to becoming

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Beijing :: China | over 1 year ago

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A woman pays for vegetables at a morning market in Beijing April 8, 2013. China 's annual consumer inflation eased to 2.1 percent in March from February's 3.2 percent while producer price deflation deepened, data showed on Tuesday, leaving

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Hong Kong :: China | over 1 year ago

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In the foreign exchange market, for example, RBS Group figures show that the volume of renminbi trade is now about $5-6 billion a day, double of what it was a year ago. A number of factors suggest that China wants to internationalize its currency by

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Phnom Pénh :: Cambodia | over 1 year ago

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China-Cambodia relations have become a model of friendly coexistence and close cooperation among countries, Chinese President Xi Jinping said at an international forum that opened on Sunday. China and Cambodia are good neighbors, friends, partners

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Shanghai :: China | over 1 year ago

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China's big banks are not delivering on their promise to lend more to the smallest firms and are instead "faking" their micro loans , a researcher said on Saturday, suggesting a government drive to increase micro-lending is struggling. Ba Shusong , a

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Beijing :: China | over 1 year ago

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The monetary policy should make a balance between ensuring steady and robust economic development, adjusting the economic structure, and managing inflation expectations, said the statement. Due to rising food prices during the Spring Festival season,

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