Yuan News
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China seeks to replace the diminishing U.S. dollar as the world reserve and trade currency, and efforts are underway in Beijing to set up the Chinese yuan for global currency.
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Feng Shui, which means “Wind and Water” is an effort to balance the spiritual and the physical realities. In terms of trade, it’s an analogy that won’t go away. The Yuan flies economic skies like a dragon, and is in no hurry to look like a pigeon.
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Beijing -
Legendary investor Jim Rogers recently stated that China will eventually allow the Yuan Renminbi to appreciate in value but warned that their economy will not save the rest of the world.
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The Yuan will soon replace the dollar as the new Asian Regional Reserve Currency. This confirms that China now will dump much of her trillions of dollars and Treasury Bills - a horrific switch for America with dangerous economic and US dollar impacts.
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After a long while of picky-picky relationships with the US dollar, and much cursing from the US about the low value of the yuan, China has changed its policy. China has now officially signaled a revaluation, and made its own decision about how to do it.
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The G7 nations want China to allow its currency the Yuan to rise in value much quickly in hopes this would make Chinese good less competitive. They hope it can curb an international trade surplus.
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Yuan Headlines
Foreigners allowed to invest directly using yuan
China loosens its currency controls in a move that may spur gains in the value of the yuan.
Chinese authorities say they have uncovered 531bn yuan ($84bn; £50bn) worth of irregularities in local government debt.
China gives Japan the go ahead to buy $10bn (£6bn) of government bonds as it tries to make the yuan more international.
The website of Chinese newspaper, People's Daily, raises 1.4bn yuan ($222m; £138m) via its initial public offering.
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Yuan Blogs
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Some science / pharma news. Yuan Li, a medicinal chemist formerly at pharmaceutical company Sanofi, has been...
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For at least the last 3 years I have been sounding off and warning about crass and dangerous foreign dollar policies...
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Throughout the last six years or so, America's consumer status quo has taken a subtle but painful thrashing from this...
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Consumer price inflation in China is down to 4.2%. The growth rates of industrial production (output), exports, and...
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Ms. Lin, Chung Yuan, Chief of Taipei Tax Administration, stated in her speech in a university campus to encourage...
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