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Chinese yuan News

China eyeing markets to determine value, flexibility for yuan

Beijing - Speaking at a news conference, People's Bank of China Governor Zhou Xiaochuan explained that it will look to the markets to determine the value of the nation's yuan currency. It will also maintain a flexible policy to support credit growth.

In the Media by Andrew Moran

Russians saving their money with 'exotic' currencies

Currencies once considered “exotic” for Russia are now becoming the darling of Russians, a growing number of whom are reportedly relying less on the dollars and euros to keep their savings.

In the Media by Samuel Okocha

China will become world's second largest economy Special

For many investors, China is the 21st century version of 20th century America and 19th century Great Britan and so on. Financial analysts believe China will takeover Japan and become the world's second largest economy but the Yuan could be a problem.

Digital Journal Report by Andrew Moran - 1 comment

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North Korean boat reportedly hijacks 3 Chinese vessels

A North Korean boat hijacked three boats with 29 Chinese fishermen on board and demanded 1.2 million yuan, or $190,000, for their release, Chinese media reports.

China finds $84bn debt questions

Chinese authorities say they have uncovered 531bn yuan ($84bn; £50bn) worth of irregularities in local government debt.

HSBC to sell yuan bond in London

HSBC is to issue benchmark bonds in London in the Chinese currency, the first time it has been done outside mainland China or Hong Kong.

People's Daily site raises $222m

The website of Chinese newspaper, People's Daily, raises 1.4bn yuan ($222m; £138m) via its initial public offering.

Chinese Activist Faces Uncertain Future

After enduring 19 months of what Chen Guangcheng described in videos smuggled onto YouTube as a brutal detainment that included constant harassment, isolation and attacks on himself, his wife, Yuan Weijing, and his entire family, dissident sources say Chen concluded escaping was his only option.