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China Bank Lending Increased in June, Helped by Central Bank's Incentives

Jul 15, 2015 07:35 AM EDT

China bank lending for the month of June has reportedly reached around 1.27 trillion yuan ($206.18 billion). The series of incentives released by the People's Bank of China (PBOC) helped achieved the better-than-expected figures.

Will the IMF Grant the Renminbi Special Drawing Rights Status?

Kwao Peppeh |

Jun 18, 2015 07:32 AM EDT

Since the beginning of the month, a team of experts from the International Monetary Fund (IMF) have been in China to assess whether the yuan should finally be added to the organization's basket of currencies with Special Drawing Rights (SDR). While the government and central bank officials have expressed optimism about the prospects of the renminbi's inclusion, the questions remains about whether the currency will meet the IMF's requirements to be included in its SDR basket this time around.

China to ease overseas investment limits

China Cutting Back on Overseas Investment Limits to Make Yuan Global Reserve Currency

Camille Harthy |

May 29, 2015 09:58 AM EDT

China wants the yuan to be a reserve currency, and in order to do so, it is prepared to do everything: even ease the current limits on outbound investments.

First Yuan Hub In North America Facilitates Business For Global Traders

Vittorio Hernandez |

Mar 23, 2015 11:06 PM EDT

A Canadian offshore trading center for yuan, China's currency, would facilitate business for companies trading with China and Canada. It is also expected to increase trade between the two nations.

China Eyes Inclusion Of Yuan To IMF Basket Of Currencies

Vittorio Hernandez |

Mar 14, 2015 02:10 AM EDT

In the past two years, China's currency, the yuan, achieved two significant milestones. In 2013, it took the euro's place as the second-most used currency in trade finance. In December, the yuan dislodged the Canadian dollar as the fifth-most used currency for international payments.

China’s January Trade Lower, Sign of Economy Weakness

Raymond Legaspi |

Feb 09, 2015 12:06 AM EST

Goods traded in and out of China in January are far fewer than expected, with imports down nearly 20 percent and exports slower by 3.3 percent, indicators of a growing weakness in China's economy.

As Yuan Grows, Interest on the Chinese Currency Also Grows Globally

Dino Lirios |

Jan 26, 2015 05:39 AM EST

Yuan or renminbi, the currency of China, is continually rising in the world as reported by ratings agency Fitch.

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.

China Offers To Help Russia Address Economic Crisis

Vittorio Hernandez |

Dec 22, 2014 05:25 AM EST

China and Russia are living up to their reputation as comrade-in-arms, especially now that Moscow is reeling financially from the impact of the western economic sanctions which has caused the rouble to depreciate by 45 percent since January.

China Lowers Interest Rates to Spur Growth, Reverse Slowdown

Michael A. Katz |

Nov 21, 2014 02:30 PM EST

In a surprise move, China's central bank cut interest rates for the first time in two years.

Investors look at computer screens showing stock information at a brokerage house in Shanghai.

China May Allow Individuals to Invest Overseas

Michael A. Katz |

Oct 10, 2014 01:15 PM EDT

The Chinese government is mulling over whether it should allow individuals to invest directly in oversease markets and exchanges, said a central bank official.

China Plans To Ease Capital Controls To Boost Yuan Value

Rubi Valdez |

Oct 10, 2014 05:52 AM EDT

China is advancing efforts to internationalize the value of its currency through overseas investments and allowing local companies to sell yuan-denominated stocks to Europe and neighboring Asian countries.