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Yuan should rise faster after phasing out of counter

作者:admin 2020-10-29

Renminbi Photo: VCG Despite a dropping reference rate on Wednesday, the yuan, which is in a cycle of appreciation as a result of improving economic foundations, should rise even faster in the long run as China announced to gradually fade ou 阅读全文

Digital yuan test draws 2m applicants

作者:admin 2020-10-15

Residents who received "red packets" of digital RMB use the money in stores in Shenzhen, Guangdong Province, on Wednesday. The city launched a pilot program to distribute 10m yuan ($1.49m) in the form of digital currency to residents on Mond 阅读全文

Yuan soars to nearly 18

作者:admin 2020-10-13

Renminbi Photo: VCGThe Chinese yuan soared to an almost 18-month high on Monday against the US dollar, demonstrating an accelerating trend of currency appreciation as China's economy reboundsafter the coronavirus. On Monday, the currenc 阅读全文

Yuan's mid

作者:admin 2020-10-13

Renminbi Photo: VCG Graphics: GTThe yuan showed strong fluctuation on Monday, with the reference rate soaring to an almost 18-month high against the US dollar, while the offshore yuan slumped. The yuan's appreciation in recent weeks wo 阅读全文

Yuan gains against US dollar, but geopolitical tensions cause worry

作者:admin 2020-08-21

Photo: VCGChina's yuan has grown in strength against the US dollar in recent weeks, which some economists say can last up to three to six months in the future, as China has shown a clear advantage over the US in pandemic control and the ensu 阅读全文