yuan
China lowers US T-bonds to expand cross border trade in Yuan
China, the largest holder of US treasury bonds, has cut its American debt holding by USD 8.2 billion amid moves by its central bank to rapidly expanding the Yuan-denominated cross-border trade to prom
Chinese currency at 18 year high ahead of Vice-President's visit to US
Chinese currency yuan rose to an 18-year-high on Friday, as its Vice-President Xi Jinping, expected to take over as President next year, geared up for a trip to the United States next week.
The Peop
Obama presses China on yuan
US President Barack Obama pressed China over its 'economic practices' on Sunday, warning that it has still not done enough to allow its currency to rise despite some 'slight improvement'.
"When it co
Major yuan rise no cure for U.S. economic ills: Hu
U.S. trade and employment problems would not be solved by even a major appreciation of China's yuan versus the dollar, Chinese President Hu Jintao was quoted as saying on Sunday.
"The trade deficit a
Stronger yuan vital for balanced global growth: US
The United States on Thursday urged China to allow the yuan to appreciate faster, saying stronger Asian currencies were vital to restoring global financial stability amid a European debt crisis.
US T
China not a currency manipulator, says US
The United States on Friday called on China to speed up progress in making its currency more flexible, but refrained from branding Beijing a currency manipulator, a move that could trigger sanctions.
