The renminbi fell to a five-year low against the U.S. dollar on Monday after statistics indicated weaker-than-expected Chinese economic growth momentum in December. 继12月份发布了超乎预料的缓慢经济增长数据之后，本周一，人民币...
As of October 1st of next year, the renminbi, literally translated as the people's currency, will become the fifth currency in the SDR basket, alongside the U.S. dollar, the euro, the Japanese yen and the British pound. Hong Hao, chief strategist at...
Reporter: The IMF's executive board decided that the renminbi qualified for the SDR basket and existing criteria. Christine Lagarde, managing director of the IMF, made the announcement in Washington. Lagarde says the decision is an important mileston...
The central parity rate of the Chinese currency strengthened 175 basis points on Tuesday, closing at 6.32 to the U.S. dollar. The yuan has stabilized somewhat after a sharp depreciation in August, but remains down 1.8 percent compared to the start of...
If, 20 or 30 years from now, central banks and sovereign wealth funds hold a significant portion of their reserves in renminbi-denominated assets, financial historians will probably look back on 2015 as a turning point. 如果二、三十年后，各国...
WASHINGTON, July 12 (Xinhua) -- The International Monetary Fund (IMF) should include Chinese currency renminbi (RMB) into its special drawing rights (SDR) basket as it will help reform the international financial system to reflect the growing weight...
The renminbi has hit its highest level in some 15 months against the U.S. dollar. The rise in the value of the Chinese currency is due largely to the depreciation of the US dollar. Currency traders have been avoiding the greenback amid lingering ques...
TORONTO, March 23 (Xinhua) -- The renminbi (RMB) clearing bank in Canada, ICBC Canada, was officially launched here on Monday evening. This is the first RMB trading hub in North America and in the western hemisphere. The hub is the latest step in a C...
UK's Chancellor of Exchequer George Osborne says Britain intends to become the first western country to issue a bond in the Chinese currency. Osborne made the remarks at the 6th annual China-UK Economic and Financial Dialogue in London. CRI's UK corr...
China has revalued its currency, the yuan, and linked it to a basket of currencies—though it is not yet clear how far it will be allowed to rise. The move may ease trade tension with America, though...
