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SCO Trade China's trade with other member states of the Shanghai Cooperation Organization (SCO) witnessed rapid growth in the first eight months of the year, official data showed. FDI Inflow Paid-in foreign direct investment (FDI) into the Chinese mainland expanded 16.4 percent year on year to 892.74 billion yuan ($127.2 billion) in the first eight months of the year, the Ministry of Commerce said on September 19. PPP Projects China saw 386 new public-private partnership (PPP) projects registered in the first eight months of the year, official data showed. [Extracted from the article]

Thanks to adequate forex reserves, the RMB exchange rate achieved greater flexibility in 2022. An improved RMB exchange rate regime and higher flexibility of the yuan's exchange rate may help to release external pressures. Last year, China withstood severe tests from renminbi (RMB) exchange rate fluctuations and from the international foreign trade market, which have strengthened its ability to maintain steady economic growth this year. [Extracted from the article]

FACT CHECK OPINION According to the Currency Composition of Official Foreign Exchange Reserve released by the International Monetary Fund (IMF) on March 31, in the fourth quarter of 2021, the renminbi (RMB) share in global foreign exchange reserves edged up to 2.79 percent from the third quarter's 2.66 percent, ranking fifth among the world's major currencies. According to a report by the People's Bank of China (PBC) on RMB internationalization in 2020, the currency's pricing function is further promoted in the government's foreign accounting and management systems. If China is able to take the lead in pushing the digital RMB into the wider world, the future of RMB internationalization will definitely look bright. [Extracted from the article]

The article presents the top 10 events in China in 2010. The gross domestic product (GDP) increased by 10.6% in the first three quarters of the year, with China's GDP surpassing Japan's in the second and third quarters. Policymakers strengthened macroeconomic controls due to increasing prices across the country. The People's Bank of China decided to proceed with the yuan exchange rate reform, which will be implemented on June 19.

The article reports on the internationalization of the Chinese currency, the renminbi. It is a process wherein the Chinese currency crosses the border and becomes an accepted gauge of value, payment and wealth storage. Some of its benefits will include making the currency exchange rate more flexible and determined by market forces, Chinese banks developing more monetary financial derivatives and helping for the overseas development of domestic banks.

The article reports on the international pressure for China to appreciate the value of the renminbi. It reports that its exchange rate has been pegged to the dollar since 1994. During this time, China's trade surplus and foreign exchange soared giving the international community the impression that the Chinese government is undervaluing its currency. China has been gradually appreciating its currency since 2005 which has affected its exports.

Focuses on the debate over the call to revalue China's currency, the renminbi (RMB). RMB exchange rate; Political factors that contributed to the call for RMB revaluation; Role of the RMB exchange rate system in China's sustained and rapid economic growth; Measures that can be taken by the government to ease pressure on its currency.

The article discusses the importance of managing expectations for yuan depreciation in stabilizing the broader Chinese economy. Topics covered include the decline in the yuan's exchange rate in 2014, the reform of the yuan's exchange rate formation system and the criticism of the central bank for not having enough communication with the market. Also mentioned is the establishment of a new rule in 2016 to determine the yuan's central parity rate based on previous closing rates.

The article discusses two-way fluctuation in China's Yuan currency. The Yuan's exchange rate has depreciated more than 6 percent since the new exchange rate reform in 2015. Other topics include announcement by the People's Bank of China (PBOC) to improve the quotation of the central parity of the yuan against the U.S. dollar, the market expectation of the yuan's exchange rate, and the exchange rate movements of major currencies.

The article discusses the implementation of monetary policy in China during the third quarter of 2018. Explored is the exchange rate system in the country as well as the fluctuation of exchange rate for renminbi. Also mentioned is the data released by the State Administration of Foreign Exchange revealing the foreign exchange settlement deficit among banking companies.

The author discusses aspects of the Special Drawing Rights (SDR), synthetic reserve currency which was created by the International Monetary Fund (IMF). Topics discussed include the significant of the currency on the internationalization goal of yuan, the concern on the exchange rate fluctuations due to the inclusion of yuan on SDR basket, and the several factors affecting the stability of Chinese currency yuan such as the country's adoption of managed floating exchange.

The author discusses how the exchange rate factor, one of the major reasons for the revenue decline, is a common issue facing all foreign-funded companies or multinationals operating in China. Apple Inc. fiscal quarter has seem a 33-percent year-on-year decline in its revenue in the Greater China region. The yuan has appreciated for nearly a decade following the exchange rate reform in 2005. They have to factor exchange rate risks in their China operations.

The article focuses on the renminbi exchange rate reform given its continuing appreciation against the U.S. dollar. The two-way fluctuations of the yuan are discussed including the movements of the exchange rate based on market level and political level. Factors affecting the contracting surpluses in the country's balance of international payments are presented in terms of the rebalancing of international economic circumstances, the yuan exchange rate, and the euro-zone sovereign debt crisis.

The article discusses China's move to widen the yuan-dollar trading band. The Chinese government is committed to advance exchange rate reform and is driving the internationalization of the yuan. The central bank, the People's Bank of China, has widened the trading band for the yuan against the U.S. dollar from 0.5 percent to 1 percent on April 16, 2012. The move aims to promote yuan's exchange, as well as improve its two-way fluctuation flexibility.

This article examines the impact of the Currency Exchange Rate Oversight Reform Act of 2011 in the U.S.-China trade relations, in general, and the U.S. economy, in particular. The legislation, passed on October 11, 2011 by the U.S. Senate, imposes tariff penalties to encourage China to remedy its undervalued currency exchange rates. The Act indirectly blames the yuan exchange rate for the massive trade deficit and unemployment in the U.S.

The article discusses the new measures outlined by the People's Bank of China in its first document of 2011, which concern a pilot program to allow non-financial enterprises to use the yuan, also called the renminbi, in settlement while making investments in overseas markets. The new measures mean that foreign entrepreneurs can get funding denominated in the currency of China. Banking professor Guo Tianyong says that allowing yuan settlement in outbound direct investments will help avoid settlement risks brought about by the third-party currency.

This section offers news briefs concerning business in China. The Ministry of Finance has warned that the Renminbi should be stable against other currencies, particularly the U.S dollar. Corporate restructuring has turned Chinese computer maker from a loss to a profit of 23 million U.S dollars for the July to September 2009 period. Increasing exports, amounting to 44.4 billion U.S. dollars, are improving the state of the textile industry.

The article reports on the depreciation of the Chinese yuan for four consecutive days against the U.S. dollar. The Chinese currency hit its lowest rate of 6.8870 yuan against the dollar on December 2, 2008. The depreciation of the currency was caused by market transactions that pushed the exchange rate down 499 basic points to 6.8848.

The article offers information on the 2008 second-quarter monetary report issued by People's Bank of China. According to the central bank, the country's financial market was heading smoothly toward the macroeconomic control direction it had set and it had improved the flexibility of the renminbi exchange rate policy by allowing the currency fluctuate in accordance with major world currencies. The report also cites that the government would keep the stability and continuity of its current monetary policy.

Presents an interview of People's Bank of China governor Zhou Xiaochuan about the call for China to revalue its currency, the renminbi (RMB). RMB exchange rate; Preparations needed for the reform of the RMB exchange rate regime; Goal of the reform; State of the RMB exchange rate regime since 1994.

Discusses the role of China's currency, the renminbi (RMB), as a stabilizer of the world economy. Call for the revaluation of RMB; Stability of RMB foreign exchange rate; Economic status of China; Current account deficit of the U.S. with Asia.

Explains why China should revalue its currency, the renminbi (RMB). Benefits to China of moving to a floating exchange rate and an open capital account; Exchange rate policy of China; Accumulation of dollar reserves by China; Association of a stronger yuan with a higher standard of living.

The article offers information related to exchange rate of the Chinese yuan against the U.S. dollar, which reached new height by being 41 times higher throughout 2013. Topics discussed include performance of currencies of all other BRICS economies against the dollar in 2013, impact of the appreciation of yuan on economy of China and economic reforms likely to occur in China in 2014 to enhance national interests and protect people's interests during the exchange rate reform.

This section offers news briefs on the Chinese economy as of January 2011. The value of the Chinese yuan increased against the U.S. dollar on January 13. The National Bureau of Statistics (NBS) modified the growth rate of the country's gross domestic product (GDP) in 2009. The Ministry of Finance sold 30 billion yuan of treasury bonds.

This article discusses the appreciation of the Chinese currency, renminbi, against the U.S. dollar in May 2009. According to analysts, the growth shows the strong status of the yuan amid the financial market crisis. They attribute the appreciation to the internationalization efforts of renminbi and the weak U.S. dollar. They expect the trend to continue in the short run.

The article discusses the highlights of the 2009 World Economic Forum meeting that was held in Davos, Switzerland. A special address was given by Chinese Premier Wen Jiabao highlighting China's capability to achieve 8 percent gross domestic product (GDP) during the year. Chief economist of the World Bank Justin Lin Yifu stated that it would necessary for China to maintain a stable renminbi exchange rate against other currencies.

This section offers news briefs related to the Chinese economy. The yuan, China's currency, has performed well against the U.S. dollar on September 23, 2008 as the American currency continues to be affected by rebounding international oil prices. A 9.9% percent growth was posted by Chinese exports to the U.S. during the first six months of 2008. An agreement was reached between China and Jordan to jointly build a gas-powered generator unit in Jordan.

The article presents statistics on topics concerning China, including the amount spent by online Chinese shoppers in the first half of 2008 and the exchange rate of the Chinese Yuan against the U.S. dollar.

The article focuses on the strength of yuan against the U.S. dollar. The Chinese Foreign Exchange Trade System announced that the central parity rate for the dollar was 8.0472 yuan, falling below 8.05 yuan. The Chinese currency has increased an accumulated 2.77 percent against the dollar from its pre-evaluation level.

The article focuses on the status of foreign exchange policy in China. The change from a fixed-yuan-U.S. dollar turned to a managed floating exchange rate regime. The country faces pressure from the international community to let the yuan appreciate though it has increased in value against the U.S. dollar.

Reports on the exchange rate reform in China. Announcement of the central bank that the RMB would be traded at a rate of 8.11 to the United States dollar; Objective of the reform.

Discusses how the renminbi exchange rate system functions in China. Establishment of a foreign exchange trading system; Appointment of banks for foreign exchange transactions; Placement of a market to provide a platform for interbank foreign exchange settlements.