With the renminbi in the headlines again last week after the People’s Bank of China set the dollar reference rate at a record high, The People’s Daily addressed the future of China’s currency on Monday: China...
by Melissa M. Chan | Nov 22, 2011
Amid the ‘soft landing’ that the Chinese economy is taking, China’s central bank and the Hong Kong Monetary Authority have extended their previous currency-swap bill by adding three more years and increased the...
by cdtstaff | Apr 27, 2011
Senate Majority Leader Harry Reid returned from a week-long visit to China with nine other Senators. Reid seemed very impressed with what he witnessed of China’s economic development and simultaneously very worried about...
by cdtstaff | Apr 8, 2011
After six continuous days of increases, the Chinese yuan has reached a new high of about 6.54 yuan to 1 dollar, closing the week off at a record high. From Wall Street Journal: China’s yuan rose to a fresh high against the...
by cdtstaff | Apr 3, 2011
At a G20 sponsored international financial conference this week in Nanjing, Timothy Geithner again urged China to reform its currency exchange rates. From the NYTimes: Treasury Secretary Timothy F. Geithner urged China again on...
by Beau Rowland | Dec 9, 2008
This next article in the CDT series on important issues facing China in 2008 focuses on the revaluation of the Chinese currency, the yuan (or renminbi). See also previous posts on Nationalism, the Developing World, the Global...
by Liu Yong | Oct 18, 2008
From Reuters: China has jailed five people for their part in running an illegal currency exchange business that handled billions of yuan in swaps between Hong Kong and the country’s south, state media reported Saturday....
by Zhaohua Li | Sep 25, 2006
Reuters reports on what may be the next Pudong, and then some: Imagine a corner of China where the yuan is freely traded, banks can offer a full range of financial services and farmers receive fair compensation when they have to leave the land. It sounds far-fetched, but that is exactly what could happen before […]
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