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Chinese Yuan

Risks to U.S. Economic Growth and Implications for the Fed

Ross DeVol | Posted 08.31.2015 | Business
Ross DeVol

China's weight in the world economy has been rising and was made excruciatingly apparent by the turmoil in U.S. equities markets over the past few weeks. Much of current stock market anxiety was at least "assembled" in China.

The Devaluation of the ¥uan (元 角 分) and the Impact on Markets

Thanos Niforos | Posted 08.25.2015 | Business
Thanos Niforos

The Central Bank of China moved last week the decision to devalue the country's currency, the yuan, leading to a three-year low against the dollar. The cause of the devaluation was the slowdown in growth of the Chinese economy to 7 percent in the first two quarters of 2015.

Dow Plunges Amidst Fears Of Global Slow Down

AP | Kelly Chen | Posted 08.20.2015 | Business

NEW YORK (AP) — The U.S. stock market endured its worst performance in 18 months on Thursday, driven lower by another slump in Chinese shares a...

Why China's Latest Currency Actions Are Market Driven

Nicholas R. Lardy | Posted 08.12.2015 | World
Nicholas R. Lardy

WASHINGTON -- The action taken by China, far from being a step to manipulate its currency, is actually an effort to let the RMB fluctuate according to the dynamics of the exchange markets.

China Currency Devaluation Continues: Advantage Donald Trump?

Sheldon Filger | Posted 08.12.2015 | Business
Sheldon Filger

Yesterday's devaluation of 1.9 percent in the value of the Yuan was followed today by another cut of one percent by China's central bank in the nation...

China Devalues Yuan After Poor Economic Data

Reuters | Annum Masroor | Posted 08.11.2015 | World

LONDON, Aug 11 (Reuters) - The global "currency war" entered a new phase on Tuesday as China's surprise devaluation threatened to unleash co...

A False Fear of China

Milton Ezrati | Posted 09.27.2014 | Politics
Milton Ezrati

Whatever Beijing implies in its public statements, it neither wants its yuan to replace the dollar, nor could it, even if China's leadership wanted.

The Birth of a Eurasian Century

Pepe Escobar | Posted 07.19.2014 | Politics
Pepe Escobar

A specter is haunting Washington, an unnerving vision of a Sino-Russian alliance wedded to an expansive symbiosis of trade and commerce across much of the Eurasian land mass -- at the expense of the United States.

Matt Sheehan

SF Wants To Be First RMB Trading Hub

HuffingtonPost.com | Matt Sheehan | Posted 05.13.2014 | World

SAN FRANCISCO -- Known for its tech prowess and liberal politics, San Francisco is hoping to claim a new mantle: North America's first offshore hub fo...

Woman Sentenced To Death For Investor Scam

Reuters | Posted 06.06.2012 | Money

BEIJING, April 6 (Reuters) - A 30-year-old Chinese woman was sentenced to death by a court in Wenzhou for "cheating" investors of 100.11 million yua...

Chinese Currency Reaches All-Time High

Posted 12.26.2011 | Business

SHANGHAI (Reuters) - The yuan closed up against the dollar on Monday after hitting an all-time high in intraday trading, guided by a stronger mid-...

Chinese Leader: Chinese Currency Not Causing U.S. Economic Woes

Posted 11.13.2011 | Business

BEIJING (Reuters) - U.S. trade and employment problems would not be solved by even a major appreciation of China's yuan versus the dollar, Chinese...

China is Not the Problem, It's a Symptom

Georges Ugeux | Posted 12.12.2011 | Business
Georges Ugeux

The vote by the U.S. Senate to proceed with sanctions to "punish" China for its currency policy is hypocritical and is a further sign of Washington's inability to deal with U.S. economic problems.

How China's Growing Middle Class Is Raising Food Prices

AP | ALEXA OLESEN | Posted 07.11.2011 | Business

BEIJING — Hunger was such a constant companion in Yao Qizhong's childhood that even now, at age 40, he'll stoop down to salvage a single clove o...

IMF Scolds Developing Countries' Economic Policies

Posted 06.18.2011 | Business

WASHINGTON - The International Monetary Fund on Monday criticized developing countries for not responding strongly enough to the surge of hot money in...

The Chinese Yuan vs. the Power of the Dollar

Daniel Wagner | Posted 05.25.2011 | Business
Daniel Wagner

In the absence of any realistic alternative to replace the supremacy of the dollar, it is likely to remain the dominant global currency for many years to come. No other currency is more widely accepted or used.

China's Hypocrisy

Diane Francis | Posted 05.25.2011 | Business
Diane Francis

The world's biggest exporters, led by China, are ganging up on the United States in advance of the G20 meeting against quantitative easing. Free trade and globalization are grand ideas when the playing field is level, but it isn't.

Currency Wars and Accounting Identities

Dean Baker | Posted 05.25.2011 | Business
Dean Baker

There are few areas of economics more boring than accounting identities. This is unfortunate, since it is virtually impossible to have an understanding of economic policy without a solid knowledge of it.

Note to Summers and Donilon: Dig into China's Mooncake Vouchers

Steve Clemons | Posted 05.25.2011 | World
Steve Clemons

Like the U.S. dollar -- which, despite the global frustration with American economic policy, overconsumption and underinvestment -- Chinese mooncakes, or the idea of them, are in huge demand.

China's Currency Charade

Scott Paul | Posted 05.25.2011 | Business
Scott Paul

China's Central Bank has said that it will begin to allow its currency, the yuan, to follow a more flexible exchange rate. So, can we all celebrate now? The fight is just beginning.

Yuan Gains, But China Warns It Won't Fix Economy

AP | ELAINE KURTENBACH | Posted 05.25.2011 | Business

SHANGHAI — By loosening its currency's peg to the dollar, China is seeking to defuse complaints that it keeps its exports artificially cheap, st...

Chinese Economy Grows Alarming 11.9% In First Quarter

bloomberg.com | Bloomberg News | Posted 05.25.2011 | Business

China's economic growth accelerated to the fastest pace in almost three years in the first quarter, highlighting overheating risks that may prompt the...

U.S.-Sino Relations: Finally a Calm Hand on the Rudder?

Eric C. Anderson | Posted 05.25.2011 | Politics
Eric C. Anderson

There is a wisdom in delay that is rarely acknowledged in this age of the 24-hour news cycle. The Obama administration is now busily attempting to apply this insight when it comes to dealing with Beijing.

China's Currency Policy: China Set To Strengthen Yuan

nytimes.com | KEITH BRADSHER | Posted 05.25.2011 | Business

HONG KONG -- The Chinese government is preparing to announce in coming days that it will allow its currency to strengthen slightly and vary more from ...

NourChina and U.S. on ‘Collision Course' Over Yuan, Roubini Says

BusinessWeek | Allen Wan | Posted 05.25.2011 | Business

There is a 50 percent chance that the U.S. government will label China a currency manipulator, Roubini, a professor at New York University, wrote in a...