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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]

The article explains the Chinese currency policy of undervaluating the renminbi (RMB) or yuan against the dollar and other currencies. It offers a historical background of the currency policy of China before 1995, the modifications in 2005 and the depreciation of the RMB from 2008 to 2010. It cites the U.S. concerns on trade deficits and jobs and the perspective of China with regards to economic stability and growth.

The article focuses on developments involving liquidity management in China as of September 2010. A new regulation enacted in 2009 which increases the availability of multilateral foreign currency entrustment loan cash pooling structures is examined as it applied to Honeywell China. Government's intention to promote the renminbi (RMB) as a global currency is discussed in terms of the ongoing relaxation of liquidity rules and the delegation of responsibility for regulation of RMB to the provincial People's Bank of China.

The article provides a global economic forecast for the second half of 2010. It discusses the euro impact of the economic instability of Portugal, Ireland, Italy, Greece and Spain, a group of eurozone countries also known as PIGS. It offers details on the fate of the Chinese renminbi against the U.S. dollar. Also discussed is the plan of the U.S. government to increase its exports-to-gross domestic product ratio. It also provides steps in formulating a foreign exchange risk management strategy.

The article focuses on the Chinese renminbi (RMB) trade settlement plan. It presents the three broad categories of the RMB trade settlement. It states that steady expansion and enhancement is the measure of the Chinese authorities' commitment to the scheme. It also discusses the benefits for potential Chinese exporters, one of which is that they may be prepared to hold RMB-denominated assets in longer-term assets. It is stated that settling in RMB saves hedging costs among suppliers.

The article focuses on the decline of the dollar in the United States under President George W. Bush. Between the February 2002 peak and the December 2004 low in the value of the dollar, the American dollar lost 35 percent of its value against the euro, 22 percent against the Japanese yen and even 24 percent against the Canadian dollar. The major reason for the dollar's weakness is the profound imbalance in America's dealings with the outside world: We import far more than we export. The trade accounts slipped into the red in 1976, and the deficit has been getting steadily larger. Lately, the task of financing American deficits has fallen to the central banks of Asia, whose dollar assets (mostly U.S. government bonds) now collectively surpass $1 trillion. China has successfully kept the value of its currency, the yuan, unchanged against the dollar--and kept Chinese exports growing mightily. Markedly higher interest rates would almost certainly knock the stuffing out of the housing market, ending the wonderfully stimulative game of borrowing against home equity, and tip the broad economy into recession.

The article informs on policy choices of China's global ambitions for the yuan. It mentions that China has been opening its markets to overseas investors, and nonresidents can more easily buy and sell stocks and bonds on the mainland's markets. China's government bonds and "A" shares. It also mentions that it would increase the proportion of foreign-currency deposits that commercial banks must keep on reserve at the central bank.

Battered since March by the 2020, COVID-19 the world's pandemic major economies have adopted looser monetary policies as well as expansionary fiscal policies. China is the second largest economy and the biggest foreign trade power in the world, but the renminbi accounted for only 2.2 percent of global settlements in the SWIFT system this February. Since early 2021, with the recovery of major developed economies, bond yields have risen rapidly, and bond markets in emerging economies mostly have attracted a limited inflow of foreign capital. [Extracted from the article]

The article discusses Asian currencies. The 2007 report by Chang Shu, Nathan Chow, and Jun-Yu Chan at the Hong Kong Monetary Authority on the influence of China's yuan on other regional currencies is explored. The "yuan block" in which the neighbours and rivals of China don't allow their currencies to rise against China's yuan or they could lose it as a customer, or lose out to it as a competitor, is discussed.

The article focuses on the pilot program of the People's Bank of China (PBOC) on the trade benefits of renminbi (RMB). The program will open trade between Hong Kong and mainland China, Macau and some countries of the Association of Southeast Asian Nations (ASEAN). PBOC said that the program will be joined by about 400 firms and operates in five cities including Shanghai, Zhuhai and Gaungzhou. It also cites the possibility of RMB to become a trade currency if its accessibility continue to grow.

This article discusses the potential economic benefits of the reduced use of the U.S. Dollar to denominate international currency reserves and international trade. A proposal by the Chinese government that they redenominate their debts so that they are pegged to a set of currencies used around the world including the European Union Euro, the Chinese Yuan, and the U.S. Dollar is described. The reaction of U.S. Treasury Secretary and the foreign exchange market to this proposal is considered.

The article offers information on the role of the Belt and Road Initiative in globalization of Renminbi. Topics discussed include challenges of regulation of foreign exchange; international cooperation on policy, infrastructure and trade for international payments in Renminbi; and efforts for Renminbi financing and settlement.

The article focuses on monthly increase in foreign-exchange reserves in China in December 2017 which shows success of China in yuan and mentions that the acquisitions of oversea businesses of China has declined.

The article offers information on the economy of China for 2016. It mentions that the People's Bank of China has no plans to devalue its yuan for the purpose of gaining advantage in global trade. According to the purchasing managers' index (PMI), the manufacturing sector in the country has slightly drop.

The article reports that direct trading between the Chinese yuan and the South Korean won was approved by the Chinese government on June 27, 2016, which is expected to lower down exchange costs and facilitate the use of the two currencies in trade settlement and investment.

The article discusses the exchange value of the Chinese yuan currency, noting the trading of the yuan in Hong Kong, China and the relation of China's central bank to currency liquidity.

The article discusses the implications of the depreciation of the renminbi (RMB). Topics discussed include the inclusion of RMB in the special drawing rights (SDR) basket of the International Monetary Fund (IMF), the benefits of RMB depreciation on the export sector, and reasons why the government should stabilize the exchange rate.

The article suggests that the Russian central bank's decision to purchase Chinese yuan shows its desire to diversify away from Western currencies and decrease the nation's economic vulnerability to Western sanctions. Russia has also been purchasing gold to make its economy stronger. It has increased its cooperation with China.

The article explores the plan of Zhou Xiaochuan, Chinese central bank governor, to come up with an exchange rate mechanism that meets higher market economy standards, which will allow China to promote a more flexible exchange rate, free flows in capital and current accounts and smoother convertibility between the Chinese yuan and foreign currencies.

Focuses on the characteristics of the new renminbi regime, which came into effect after People's Bank of China (PBOC) announced a revaluation of the renminbi and a reform of the exchange rate regime. Reaction of the exchange rate to the renminbi announcement; Movements in trade-weighted reference indexes since 2001; Clarification of the new exchange rate regime and the components of China's "reference basket" by the Governor of the PBOC.

The article presents information on growth of the yuan or renminbi (RMB) Chinese currency as of 2013. Topics include the ranking of China's currency on a list of the world's most-used currencies and forms of payment; reduced restrictions in China on cross-border buying and selling in RMB; and the possibility that the renminbi will become a global reserve currency.

The article examines efforts by China to promote the use of its national currency the yuan in international finance. A 2012 agreement between the central banks of China and Taiwan allowing the latter country to use China's currency is cited as an example of China's willingness to use unconventional monetary policy to encourage the use of the offshore yuan (CNH).

The article looks at the increasing use of the yuan Chinese currency in international trade, as of 2013. It notes the Chinese government has loosened currency controls, allowing Chinese companies to accept payments in yuan, then invest those yuan abroad. It says the U.S. dollar currency continues to be by far the most significant reserve currency globally. Possible further financial liberalization in China is discussed.

This section offers news briefs on China's economy. China's central bank announced on August 14 that yuan funds outstanding for foreign exchange fell to 25.66 trillion yuan at the end of July. The Ministry of Commerce decided to end an anti-dumping tax levied on dichloromethane imported from the U.S., Germany and the Netherlands starting August 15. China's National Offshore Oil Corp. announced that it has made a major discovery in the Bohai Sea.

The article reports on the commencement of the direct trading of the Chinese currency against the Japanese yen on June 1, 2012.

The article focuses on the currency policy of China. It mentions that the strict controls on the renminbi (RMB), the legal tender of China has been maintained by the Chinese government by keeping its exchange rate artificially low but the policy was suspended during the economic crisis in 2008. U.S. President Barack Obama reportedly tried to pressure the Chinese government to let the RMB float in the foreign exchange market or revalue it while members of the U.S. Congress passed the Currency Reform for Fair Trade Act.

The article discusses the economic implications of the sharp appreciation of the yuan in China. On September 29, 2010, the yuan has appreciated 0.17 percent against the U.S. dollar. The sharp appreciation of the Chinese currency has its pros and cons. China will benefit from the moderate appreciation of the yuan because it could help reduce trade disputes and improve China's image. However, a sharp appreciation of the currency will harm the Chinese economy and could decrease foreign direct investments.

The article presents experts' views on the reform of the renminbi exchange rate regime and improvement of the currency's flexibility by the People's Bank of China. Professor Li Daokui asserts that the action is the most important Chinese contribution to global economic recovery. Professor Ding Zhijie thinks that stabilizing the currency is a short-term counter measure. Ba Shusong, deputy director of the Institute of Financial Studies, sees the benefit of the reform to China's economic development.

In this article the author discusses aspects of China's yuan currency and global trade imbalances. The author notes how China allowed the yuan to move more freely against other currencies but ruled out a one-off revaluation. Also investigated are China's exchange-rate policy and how quickly the currency is allowed to rise.

The article discusses the inflow and outflow of international speculative funds or hot money in China's market that could adversely affect the country's economy. In 2009 alone, the country's foreign exchange reserve rose by 453.1 billion dollars. According to Li Yinhua, researcher at the Chinese Academy of Sciences' Graduate University, the entry of hot money in the country is due to the appreciation of the yuan. The opinion of other Chinese economy experts on the issue are also cited, including Professor Li Yongsen, and financial commentator Ye Tan.

The article assesses the potential impact of an increase in the U.S. interest rate on the value of the Chinese yuan. Investors are warned about the plan of the U.S. Federal Reserve to raise the interest rate again. Also discussed is the decision of the Chinese central bank to lower the yuan's opening rate against the U.S. dollar.

The article discusses calls for China to revalue the Yuan. U.S. President Barack Obama and European Central Bank President Jean-Claude Trichet are among those who have called for China to adjust the yuan's value upward. China has resisted, however, citing a variety of arguments including a need to arrest a decline in Chinese exports.

The article reports that the manufacturing cities of Shanghai, Guangzhou, Shenzhen, Zhuhai and Dongguan in China will launch services allowing the experimental use of the renminbi for international trade settlements. According to the article, the launch is conducive to promoting trade between China and its neighboring countries. It states that the Central Bank had signed currency exchange agreements with neighboring countries or regions before deciding on the experimental use of renminbi-based settlements.