Photo/Xinhua] Momentum is building for China to elevate the renminbi's global standing in the years ahead, with greater capital account convertibility, a more coherent financial opening framework and ...

China’s currency, the renminbi, is undervalued. Everyday evidence abounds: residents of Hong Kong, whose currency is tightly pegged to the US dollar, flock across the border to Shenzhen for weekends ...

The enhanced standing of the renminbi as a key global reserve asset will further boost the Chinese currency's accelerated march toward playing a more central role in the international financial ...

The Renminbi, China’s legal currency, is issued and controlled solely by the People’s Bank of China. The exchange rates of the Renminbi are decided by the People’s Bank of China and issued by the ...

As China's share of regional trade has grown so too has the importance of its currency, the renminbi, in international transactions. Since 2002, China’s share in East Asia’s trade has leapt from 10 ...

HONG KONG, October 6, 2010 - China's growth trajectory will, at the very least, require fundamental changes to the international monetary system and financial architecture, according to a panel of ...

Oxford University Press, 2016, 344 pp, $29.95 (hardcover). Such is the scope and range of Eswar Prasad’s new book Gaining Currency: The Rise of the Renminbi. In it, the author capitalizes on the ...

MOSCOW Russia and China are poised to take a small but symbolic step in their expanding economic relationship, a move that in the long term could make the dollar less relevant to business between the ...

Earlier this year, NYU professor Nouriel Roubini attracted worldwide attention by speculating in a New York Times op-ed that the Chinese Yuan, or Renminbi (RMB), might someday supplant the U.S. dollar ...

The U.S. dollar will remain the world's leading reserve currency over the next 25 years, with the euro and renminbi expected to further increase their share of total central bank reserves, according ...

Donald Trump may very well have a field day with today’s currency news, as analysts predict. But he shouldn’t. China’s central bank devalued the country’s currency, the renminbi, by about 2% against ...