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Customs in Yiwu, Zhejiang province for the first time seized smuggled ivory and pangolin products at the airport on February 21, 2017. Picture taken shows an employee weighing the smuggled pangolin scales for registration. (Photo by People’s Daily)

Smuggled frozen goods worth 2 billion yuan seized in Guangdong

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Coast guard in south China's Guangdong Province seized 4,619 tonnes of smuggled frozen goods worth over 2 billion yuan (about 293 million U.S. dollars),...
yuan

Zambia mulls swapping Chinese debt repayment from U.S. dollar to yuan

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The Zambian government said on Wednesday that it will begin engaging the Chinese government on the possibility of swapping the repayment of the southern...
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,...
train

China makes 20 trillion yuan from trade with countries of belt and Road

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China's trade with countries along the Belt and Road totaled at 20 trillion yuan ($2.89 trillion) from 2014 to 2016, said an official from...
China Money

Stability in Chinese currency – JP Morgan

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Investment bank JPMorgan Chase said the yuan is relatively stable against a basket of currencies despite continued drops against the U.S. dollar. ...
IMF

Chinese Yuan gets IMF endorsement

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Starting from October 1, the Chinese yuan will, as the fifth currency, be included into Special Drawing Rights (SDR) basket of the International Monetary...
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...
China's central bank injected 55 billion yuan (US$8.3 billion) into the money market on Tuesday to ease a liquidity strain. [Photo/Xinhua]

African governors welcomes Chinese yuan role on International markets

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African bank governors meeting in Tanzania said on Monday that the adoption of the Chinese yuan by the International Monetary Fund (IMF) will make...
Naira

Naira and renminbi currency swap forces USD rate down

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Aminu Gwadabe, President of the Association disclosed this to reporters in Abuja, saying since the announcement, the Naira had appreciated by 10 naira against...
yuan

China is In Talks With IMF To Include Currency In SDRs Basket

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One senior central banker said Thursday that China is "actively communicating" with the International Monetary Fund (IMF) on the possibility of including Chinese currency...
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...
China's central bank is probably reminding traders that the yuan is not a one-way bet

Chinese yuan weakens to 6.1513 against US dollar on Monday

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The central parity rate of the Chinese currency renminbi, or the yuan, weakened by 38 basis points to 6.1513 against the U.S. dollar on...
yuan

China Leaders To Spur Broader Use Of Yuan

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Leaders of China and South Korea agreed on Thursday on a series of steps aimed at spurring offshore use of the yuan and investment...
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...