Here's what is in store for whoever gets China's toughest job next yearWhoever is picked as the next PBOC head, the path is fraught with risk. Yuan could be soon under pressure. Nor is the picture bright for in...
20 Oct, 2017, 11.11 AM IST
Yuan makes biggest one-day advanceChina’s balance of payments position is good, capital outflows are normal and the exchange rate is basically stable against a basket of cur...
16 Feb, 2016, 03.06 AM IST
Top Chinese official sentenced to 20 years in prison for graftGuo Yongxiang, previously the vice-governor of the Sichuan province, was sentenced by the Yichang Intermediate People's Court.
14 Oct, 2015, 04.18 PM IST
Rout in Chinese stock market is almost over: PBOCMargin loans tracked by Chinese exchanges have fallen by more than half from their peak to about 1 trillion yuan ($159 billion).
07 Sep, 2015, 08.20 AM IST
China easing capital controls to internationalise YuanThe SDR, an accounting unit usually deployed in bailout packages, would deliver few direct benefits to China’s 1.3 billion people.
28 May, 2015, 03.56 AM IST
No plans for AIIB branches abroad: Chinese officialThe AIIB is the first Asian bank to have a new banking system that is independent of the dominance of founding member-states of the interna...
07 May, 2015, 03.18 PM IST
Correcting China's slowing economy and fast-rising uncertainty a daunting taskDespite Xi's call for change, China finds itself much where Asia did in 1998, dependent on exports and borrowing and at the mercy of market...
17 Feb, 2015, 10.58 AM IST
- Next step on yuan is convertibility, says People's Bank of China
The People's Bank of China's next step in overhauling the exchange-rate system will focus on convertibility, governor Zhou Xiaochuan said.
19 Nov, 2012, 09.15 AM IST
- China to remove barriers to trade in Yuan
But at the same time the Chinese government does not have any predetermined goal for the currency's international position, he added.
29 Jan, 2011, 12.51 PM IST
- Shrinking trade surplus eases yuan pressure
Top Chinese officials said the nation’s trade surplus is shrinking and urged caution in exiting crisis policies, suggesting that the yuan m...
09 Mar, 2010, 02.41 AM IST
- China's yuan not ready to be world currency: Central bank
The Chinese yuan has a long way to go before it is ready to be an international currency, a top central bank official said Tuesday, despite...
15 Sep, 2009, 04.57 PM IST
- China urges countries to settle dues in yuan, not dollar
Argentina became the fifth country after South Korea, Malaysia, Belarus and Indonesia to sign such a currency swap agreements with China. F...
31 Mar, 2009, 06.00 AM IST
- China to stick with tight monetary policy
China will stick with a tight monetary policy as the nation faces increasing pressures of inflation and over-investment amid global market ...
14 Apr, 2008, 01.52 AM IST
- China may raise yuan flexibility if surplus rises
China may increase the flexibility of the yuan should the country’s trade surplus continue to expand this year, central bank governor Zhou ...
08 Jan, 2007, 03.01 AM IST
- China to maintain `stable currency policy’ this year
China’s central bank, under pressure from the US and other Group of Seven nations to make the yuan more flexible, will in 2007 pursue a “st...
02 Jan, 2007, 03.01 AM IST
- Forbes-listed tycoon gets life sentence for fraud
A Chinese tycoon, the youngest person on Forbes magazine's list of China's 400 richest people in 2005, was sentenced to life imprisonment F...
01 Dec, 2006, 03.00 PM IST
- China’s money supply growth accelerates in Oct
China’s money supply unexpectedly accelerated in October for the first month in five, suggesting the central bank may have to take more mea...
14 Nov, 2006, 12.19 AM IST