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China's yuan rises to new high against U.S. dollar: Feb. 10 (Xinhua) -- The Chinese currency, or the yuan, on Thursday rose to a fresh high of 6.5849 against the U.S. dollar, according to the China Foreign Exchange Trading System. The central parity rate of the yuan, or RMB, was 1 basis point higher than the previous record of 6...

Yuan internationalization a big step for world monetary reform: China official: BEIJING, Jan. 15 (Xinhua) -- China should steadily promote the internationalization of its currency, the yuan, the head of China's social security fund said Saturday. The internationalization of the yuan is a significant step for advancing the reform of the international monetary ...

China's yuan hits new record high at 6.6128 per USD: The Chinese yuan strengthened to a record high against the U.S. dollar on Wednesday to reach 6.6128 per dollar. The central parity rate of the Chinese currency, also known as the renminbi (RMB), was set 88 basis points lower than Tuesday's 6.6216, according to the China Foreign ...

China to push forward yuan's exchange rate reform prudently, gradually: Premier: Chinese Premier Wen Jiabao (L) holds an online chat with Internet users at two state news portals in Beijing, capital of China, Feb. 27, 2011. The two portals, namely www.gov.cn of the central government and www.xinhuanet.com of the Xinhua News Agency, jointly interviewed Premier ...

More policy supports needed for small firms in China: advisor: A Chinese political advisor Tuesday said more supportive policies in finance, taxation and administration should be given to the mushrooming small-sized enterprises (SSEs). SSEs were faced with difficulties, such as the lack of preferential policies, taxation support and ...

China to push forward exchange rate, interests rate reforms: central bank official: An official with China's central bank said Thursday that they would steadily promote exchange rate and interest rate reforms over the coming five years, as they are key to the nation's financial system reform. Reforming the exchange rate formation mechanism of the Chinese ...

Exchange rate policy not major tool to tame inflation: China central bank governor: The exchange rate policy is not a major tool for China to tame inflation, central bank governor Zhou Xiaochuan said. Zhou made the comment in response to a question on whether China would make a one-off appreciation of the yuan to ease rising domestic price pressures. The ...

China has no timetable for yuan's full convertibility: central bank official: China's currency, or yuan, will see major progress in its full convertibility in the next five years, but no timetable has been set to achieve this goal, said Hu Xiaolian, deputy governor of the People's Bank of China, the central bank. Yuan's full convertibility is decided by ...

Exchange rate policy not major tool to tame inflation: China central bank governor: The exchange rate policy is not a major tool for China to tame inflation, central bank governor Zhou Xiaochuan said Friday. Zhou made the comment in response to a question on whether China would make a one-off appreciation of the yuan to ease rising domestic price pressures. The ...

China to increase flexibility of RMB exchange rate: BEIJING, March 14 (Xinhua) -- Premier Wen Jiabao said Monday that China would continue to gradually increase the flexibility of its exchange rate while taking into consideration the pressure on enterprises and employment, which is important to social stability. "The appreciation ...

CBY reconsiders sanctions taken against money changers: The Central Bank of Yemen (CBY) decided on Saturday to reconsider sanctions taken recently against some money changers because of their speculation in exchange rates. The Bank decided to allow them to practice their activity again after their commitment to the announced prices ...

Sanction imposed on 10 companies for manipulation of exchange rate: The Central Bank of Yemen imposed significant sanction on the exchange companies that have not committed to the prices in the foreign exchange market. According to CBY, the prevalent exchange rate of the USD in the market now is YR 213.75. Pan Yichao edited from Sabanews

CBY orders measures to stabilize currency: The Central Bank of Yemen has said a decline in the local currency was not justified by economic fundamentals and ordered measures to prevent pressure on the currency of the Yemeni Rial. The CBY was able to stabilize the exchange rate by selling about US$577 million to the market ...

China central bank further tightens liquidity to control inflation expectation: The People's Bank of China (PBOC), China's central bank, stepped up efforts this week to tighten excessive liquidity stemming from Chinese banks, as capital on the money market remains abundant throughout the country. In its open market operations on Thursday, PBOC auctioned 47 ...

Yuan weaker against USD Monday: The Chinese currency, or the yuan, on Monday weakened 38 basis points to 6.5618 per U.S. dollar from Friday. On China's foreign exchange spot market, the yuan can rise or fall 0.5 percent from the central parity rate each trading day. The central parity rate of the RMB against ...

Minister Chen Deming: Constructively Advancing China-US Trade and Economic Relations on a Healthy Track: Trade and economic relations between China and the United States have developed rapidly since the establishment of the bilateral diplomatic ties. Two-way trade in goods amounted to nearly USD 300 billion in 2009, a 118-fold increase over 1979 when the two countries entered into ...

Vice Minister Zhong Shan Meets with Congressman Gregory Meeks: On March 26, Vice Commerce Minister Zhong Shan met with Gregory Meeks, the U.S. Congressman in New York. The two parties reached consensus that China and the U.S. should, from a strategic and long-term perspective, approach present trade and economic issues through dialogue and ...

U.S.-China Trade Is Win-Win Game: A sound and stable China-U.S. economic and trade relationship is more important than ever. China-U.S. trade and economic cooperation has generated huge and real benefits for the United States, while China has been gaining a lot from it as well. In 2009 China jumped to become the ...

Vice Minister Zhong Shan Delivered a Keynote Speech: Boosting the Healthy Development of Sino-US Economic and Trade Ties: On March 24, in the breakfast meeting jointly held by the United States-China Business Council and the United States Chamber of Commerce, Zhong Shan, Vice Minister of Commerce of China, delivered a keynote speech: Boosting the healthy development of Sino-US economic and trade ...

MOFCOM Spokesman's Comments on China's Trade Deficit in March: According to the statistics from the General Administration of Customs, China's exports were valued at US $112.11 billion in March, up by 24.3 percent year on year, while the imports were up by 66 percent to US $119.35 billion, and the trade deficit were US $ 7.24 billion. This ...

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