yuan

CPEC turns into challenge for China; entire One Belt One Road project could be at stake

CPEC turns into challenge for China; entire One Belt One Road project could be at stake

Any strains for CPEC are bound to have wide repercussions for China's attempts in other countries.

Dec 06, 2017, 20:34 PM IST
After rejecting China's dam, Pakistan refuses free use of yuan for CPEC projects

After rejecting China's dam, Pakistan refuses free use of yuan for CPEC projects

The Dawn reported quoting a senior government official that Pakistan was not ready to allow the Chinese yuan (renminbi) for free use in Gwadar or its treatment on a par with the US dollar in the country.

Nov 21, 2017, 12:23 PM IST
China's yuan posts best month since 2005 revaluation

China's yuan posts best month since 2005 revaluation

China`s yuan eased on Thursday but posted its biggest monthly gain at the month-end, in percentage terms, since the Chinese currency was revalued and taken off a fixed dollar peg in 2005.

Aug 31, 2017, 15:10 PM IST

Yuan hits 6-1/2-month high; other currencies rise in tight range

Asian currencies rose on Wednesday as strong manufacturing data from China coupled with a risk-happy market environment spurred interest in emerging currencies, with the Chinese yuan jumping to its highest in six-and-a-half months.

May 31, 2017, 12:47 PM IST
China's reforms not enough to arrest mounting debt: Moody's

China's reforms not enough to arrest mounting debt: Moody's

China`s structural reforms will slow the pace of its debt build-up but will not be enough to arrest it, and another credit rating cut for the country is possible down the road unless it gets its ballooning credit in check, officials at Moody`s said.

May 26, 2017, 12:03 PM IST

Moody's downgrading based on inappropriate methodology: China

China's Finance Ministry today dismissed a credit downgrade by Moody's, saying it is based on "inappropriate methodology" and argued that the rating firm has overestimated the difficulties faced by the world's second largest economy.

May 24, 2017, 20:57 PM IST
Moody's downgrades China for the first time in 30 years, warns of fading financial strength as debt mounts

Moody's downgrades China for the first time in 30 years, warns of fading financial strength as debt mounts

Moody`s Investors Service downgraded China`s credit ratings on Wednesday for the first time in nearly 30 years, saying it expects the financial strength of the economy will erode in coming years as growth slows and debt continues to rise.

May 24, 2017, 09:17 AM IST
China is confident economy grew 6.7% in 2016

China is confident economy grew 6.7% in 2016

China is confident to have reached an economic growth of 6.7 percent in 2016, within a targeted range set earlier in the year, Vice Finance Minister Zhu Guangyao said on Sunday.

Jan 08, 2017, 22:14 PM IST
China's yuan lost 7% value in 2016, worst in 22 years

China's yuan lost 7% value in 2016, worst in 22 years

China has reduced the share of US dollars in its foreign exchange basket and added 11 more currencies for measuring the yuan which lost about seven percent value against US dollar last year becoming the worst-performing major Asian currency, a media report said.

Jan 02, 2017, 17:16 PM IST
China's stock markets among world's worst performing in 2016

China's stock markets among world's worst performing in 2016

The benchmark Shanghai Composite Index (SCI) struggled towards the finish line Thursday down 12.5 percent for the year, compared to falls of 0.6 percent by the Hang Seng Index in Hong Kong and 2.2 percent for Japan’s Nikkei 300.

Dec 30, 2016, 09:38 AM IST
Chinese yuan at 8-year low after US Fed raises key interest rate

Chinese yuan at 8-year low after US Fed raises key interest rate

China's currency renminbi today fell to an eight-year low against the US dollar over fears of capital outflows and the communist giant's main stock exchange closed lower after the US Federal Reserve's move to raise the benchmark interest rate for the first time this year.

Dec 15, 2016, 19:21 PM IST
China weakens yuan to eight-year low against US dollar

China weakens yuan to eight-year low against US dollar

The central People`s Bank of China set the value of the yuan -- also known as the renminbi -- at 6.8495 to the greenback, down 0.30 percent from Monday`s fixing, according to data from the Foreign Exchange Trade System. 

Nov 15, 2016, 16:30 PM IST

China's forex reserves drops to lowest since 2011

The world's largest currency hoard fell to USD 3.12 trillion last month, down USD 45.7 billion from September, marking the lowest level since March 2011, according to data from the People's Bank of China.

Nov 07, 2016, 22:19 PM IST
China to invest $140 billion to relocate poor citizens to more developed areas

China to invest $140 billion to relocate poor citizens to more developed areas

The funds will be used mainly to construct homes, support facilities and basic public infrastructure, with the rest going to the restoration of vacated lands, state planner National Development and Reform Commision (NDRC) said in a document. 

Oct 31, 2016, 16:36 PM IST
China fixes Yuan at 6-year low against US dollar

China fixes Yuan at 6-year low against US dollar

China`s central bank set the yuan`s central parity rate weaker than 6.7 to the dollar for the first time in six years Monday, the first day of trading after it joined the IMF`s "special drawing rights" reserve currency basket.

 

Oct 10, 2016, 11:00 AM IST

Pakistan Stock Exchange says Shanghai bourse interested in buying stake

The Pakistan Stock Exchange Ltd has received interest from the Shanghai Stock Exchange and other foreign companies about buying a stake of up to 40 percent, its managing director said on Monday.

Oct 03, 2016, 18:09 PM IST
Chinese yuan set to be inducted into IMF currency basket

Chinese yuan set to be inducted into IMF currency basket

China`s yuan is poised to enter the International Monetary Fund`s elite SDR basket of currencies, raising Beijing`s banknotes to the status of global reserve asset.

Sep 30, 2016, 23:51 PM IST
China's forex reserves fall $16 billion in August

China's forex reserves fall $16 billion in August

China's foreign exchange reserves fell by some $16 billion dollars in August, officials said Wednesday, as the country`s central bank sold dollars to defend its currency against capital outflows.

Sep 07, 2016, 17:33 PM IST
Chinese economy facing major challenges, warns top planner

Chinese economy facing major challenges, warns top planner

China's economy, currently on a slowdown mode, is facing challenges in investment and trade and may have to make "arduous efforts" to attain 6.5 percent to seven percent growth target for this year, China's top economic planner warned today ahead of the G20 summit.

Aug 31, 2016, 17:56 PM IST
China's top 500 firms report first revenue decline in 15 years

China's top 500 firms report first revenue decline in 15 years

Among the top 500 firms, 155 reported declines in revenues in 2015, 61 more than a year ago, with many of them representing the overcapacity-plagued coal, steel, oil and chemicals industries.

Aug 28, 2016, 14:59 PM IST