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IMF Managing Director Christine Lagarde has an interview with People’s Daily. (Photo by Wu Lejun from People’s Daily)

Central Bank acknowledges the steady steps made by the yuan

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Chinese currency renminbi (yuan) has maintained a stable position in global system as the use of the yuan became more frequent globally in 2016,...
yuan

Congo embraces beginning of change of Yuan in CEMAC region

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"The conversion of Yuan within CEMAC zone will enable Chinese investors to easily come here in Congo to carry out their economic activities," Moungalla...
yuan

China’s Department stores adopt changes over dwindling profits

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Chinese general merchandise firms suffered shrinking profits last year and are shutting down their physical stores due to rising costs and impacts from the...
Namibia

Renminbi cash exchange solution to bolster trade in Namibia

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Chinese Ambassador to Namibia Xin Shunkang and Amit Mohan officially announced last week that Standard Bank Namibia is set to facilitate the interchange between...
yuan

Yuan settles after national bank consoles markets

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Chinese currency the yuan halted a three-day slide after the central bank soothed market sentiments on Thursday, reversing short but sharp declines triggered by...
yuan

Despite Depreciation Pressures, Chinese RMB Unlikely To See Sharp Drop

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Though the Chinese currency, the renminbi or yuan, weakened for the third consecutive day on Tuesday, analysts have said that a sharp drop is...
THE APPOINTMENT IS PART OF A PLAN TO MAKE LONDON A KEY OFFSHORE CHINESE CURRENCY CLEARING CENTRE

Chinese currency gain recognition in Britain

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The Bank of England has appointed one of China's "big four" banks as the Chinese currency clearing bank in London. The China Construction Bank will...
The deal is part of a plan to make London a key offshore Chinese currency clearing centre

London will be hub for Chinese currency dealing

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The Bank of England has agreed a deal with the People's Bank of China to make London a hub for Chinese currency dealing. The memorandum...
The eurozone and the EU give Luxembourg a "key advantage", says Pierre Gremagna

The yuan has fallen by almost 2%

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The Chinese currency, the yuan, has fallen by almost 2% over the past fortnight against the US dollar. This is the largest sustained drop since...