Yuan Depreciation
No Basis for Yuan Depreciation, Speculators Caused Currency to Decline: PBOC
| Carlos Castillo | | Feb 15, 2016 07:07 AM EST |
The People's Bank of China (PBOC) Governor Zhou Xiaochuan has broken his long silence amid vigorous efforts to restore stability to the country's economy and currency, saying there is no basis for continued yuan depreciation.
Beijing: 'We Will not Devalue Yuan'
| Carlos Castillo | | Jan 27, 2016 04:45 AM EST |
The Chinese government has no plans to devalue the yuan, a high ranking Beijing official has said.
China's Yuan Loses Value for Second Straight Day
| Benjie Batanes | | Aug 12, 2015 11:50 AM EDT |
Chinese financial authorities have let the yuan fall in value for the second straight day on Wednesday, providing a boost for the country's exporters. Meanwhile, other countries, such as the United States, have denounced China's decision to let the yuan devaluation trigger speculations of a currency war.
Researchers Predict Yuan's Depreciation by 2 Percent in 2015
| Marcel Woo | | Jan 08, 2015 06:30 PM EST |
China's continuous economic slowdown and the recovery of the US economy will cause the Chinese currency, the yuan, to depreciate by about 2 percent this year, researchers said.
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