china: news and opinion

Gauging the Chinese Yuan’s Trade Potential

China continuing efforts to internationalize the yuan have prompted a lot of hand-wringing about the future of the U.S. dollar, the dominant global currency for trade and investment. But just how far can China push others to use the yuan? ...full story at China Journal

from China Journal on Wed, Sep 09 2009

see also:


11 Nov 09		cnn - dollar down - china calls for yuan global currency » YouTube
11 Nov 09		WB chief says China's yuan can be alternative reserve currency in 15 years » People's Daily With China's growth trend and Beijing's efforts to internationalize its currency, the Chinese yuan can develop into the alternative to the U.S. dollar as a global reserve currency in 15 years, World Bank President Robert Zoellick said Wednesday. ...
10 Apr 08		China's yuan breaks 7 mark against USD » People's Daily China's currency, the yuan, was set to trade at 6.9920 yuan against the U.S. dollar on Thursday, breaching the 7-yuan mark for the first time since the government unpegged it from the dollar in 2005. Following an overnight fall of ...
23 Sep 08		Yuan hits new high against U.S. dollar after 2 months of depreciation » People's Daily China's currency, the yuan, on Tuesday hit a new high against the weakening U.S. dollar on the recovery of oil prices on global markets. The central parity rate of the yuan, or Renminbi (RMB), was 6.8009 yuan to the dollar, according to the China...
11 Apr 08		China's yuan set at 7.0012 against USD » People's Daily China's currency, the yuan, was set to trade at 7.0012 yuan against the U.S. dollar on Friday, one day after it appreciated beyond 7.0 to the dollar for the first time. The reference rate of the yuan was set at 11.0353 against the e ...
10 Apr 08		Backgrounder: Quotes from Chinese premier, central bank governor on yuan appreciation » People's Daily The Chinese currency was set to trade at 6.9920 yuan against one U.S. dollar on Thursday, rising past the 7-yuan mark for the first time since the government unpegged it from the greenback nearly three years ago. The appreciation ha ...

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