Topic: Chinese Renminbi
The announcement is a part of the "Great Correction" taking shape in the aftermath of the recession.
06/28/2010 03:57 pm
Beijing unpegged the Chinese yuan from the dollar last weekend, leading to a half-point rise against the US currency this week. The value of China's currency has been a highly contentious issue with trade partners.
06/25/2010 10:51 am
China and Taiwan are completing an agreement to increase bilateral trade. Taiwan's government says the trade deal will boost economic growth; the opposition party says it will erode sovereignty.
06/24/2010 11:28 am
China is oriented to production, not consumption. It is unlikely then, that US companies will continue to make big profits from sales in China.
06/23/2010 10:11 am
China money: The yuan will now be worth more against the dollar, boosting Chinese consumers' buying power.
06/22/2010 12:27 am
Currency charts: China’s yuan strengthened Monday, but the euro faltered. Dow average slipped 8 points.
06/21/2010 07:16 pm
A jump in the value of Chinese currency, the yuan, would make products manufactured in China more expensive, but could also help US manufacturers remain competitive abroad.
06/21/2010 03:41 pm
The partial revaluation of the yuan does hint at a China becoming a better market economy, one that allows its citizens to make their own economic choices.
06/21/2010 02:32 pm
China is under international pressure to revalue its currency to address trade imbalances. It didn't do it at this week's bilateral meeting with US officials but may ahead of G-20 meetings in June.
05/28/2010 05:52 pm
European stock markets fell again and the American stock market opened lower over European worries on Monday.
05/24/2010 11:09 am