Rise Of The Rmb « Week In China

Sorry, you have not enabled Javascript for your internet browser, so some of our website's pages may not render as fully as intended.
Please Click here for easy instructions on how to enable Javascript on your browser or consult your IT support staff for help.

Rise of the RMB

1 2 3 4

How big a foreign exchange reserve does China need?
Feb 17, 2017 (WiC 354)

News that international payments made with the yuan fell by almost a third last year have added to the sense that the Chinese currency has slowed its journey towards becoming a global currency. In fact, the yuan has dropped out of the ...

What does the plunge in China’s forex reserves tell us
Jan 13, 2017 (WiC 351)

In October 1997 – during the height of the Asian financial crisis – Hong Kong was hit by a substantial capital outflow which, according to the territory’s financial regulators, was caused by foreign speculators taking large short positions ...

Trump’s election victory is triggering a slide in the yuan
Nov 25, 2016 (WiC 347)

When Donald Trump hit the campaign trail hard last summer, he spent a few moments at one of his rallies refuting the notion that he wasn’t keen on the Chinese. The property mogul was referring to a purchaser of one of his most expensive ...

Yuan joins global currency club
Oct 7, 2016 (WiC 342)

It was a birthday present – of sorts. Confirmation that the renminbi has the new status as a global reserve currency came on October 1 – which is China’s National Day – when the International Monetary Fund officially added it to its ...

Redback set to depreciate versus greenback
Jan 8, 2016 (WiC 308)

It’s five years since China’s then-leader Hu Jintao bashed the international monetary system as “a product of the past”. He took particular aim at the dominance of the US dollar and the dangers of the Federal Reserve’s loose monetary ...

Chinese yuan gets elite status from IMF
Dec 4, 2015 (WiC 306)

This week shareholders at the International Monetary Fund voted to include the yuan, also known as the renminbi, as the fifth currency in the IMF’s special drawing rights (SDR) currency basket alongside the US dollar, the Japanese yen, sterling ...

Does devaluation signal currency war or further renminbi reforms?
Aug 21, 2015 (WiC 292)

While not a scientific principle, Sod’s Law is a phenomenon most people can attest to. WiC got a taste of it this month. Just a few days after we’d published our seemingly comprehensive 48-page special edition on the Chinese currency – ...

Is usage of the RMB rising in the US, Canada and Latin America?
Jul 24, 2015 (WiC 291)

The latest data from SWIFT, the financial messaging network, shows that more than a thousand banks worldwide use the yuan for payments with China and Hong Kong. The figures (from May) say something more about the global reach of China’s ...

What greater weightings for China in world indices mean for its currency
Jun 5, 2015 (WiC 284)

While undervaluation of the renminbi was a major factor causing the large imbalances in the past, our assessment now is that the substantial real effective appreciation over the past year has brought the exchange rate to a level that is no longer ...

Survey shows 22% of firms are paying in yuan
Jul 18, 2014 (WiC 246)

It’s more than three years since former Chinese President Hu Jintao announced that an international currency system dominated by the US dollar is a “product of the past”. Earlier this month French Finance Minister Michael Sapin also ...

1 2 3 4