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Yuan - Renminbi

US criticises 'inflexible yuan'

The US Treasury criticises China for what it describes as the lack of flexibility of the Chinese currency, the yuan. Ref. Source 4

Renminbi Yuan

China denies currency undervalued

Chinese Premier Wen Jiabao rejects criticism that Beijing keeps the yuan undervalued in order to boost exports. Ref. Source 7

Yuan - Renminbi History & Civil Business Politics

Obama hails Chinese currency move

US president welcomes China's suggestion that it will allow a rise of the yuan, which many in the West say is undervalued. Ref. Source 7

Renminbi Yuan

China may switch to currency basket for forex rate:

A top Chinese central bank official suggested switching away from the U.S. Dollar as a benchmark for the yuan's foreign-exchange rate, switching instead to a basket of currencies, according to remarks published Thursday. Ref. Source 2

Renminbi Yuan

China's yuan hits all-time high versus dollar

Currency expected to appreciate further next year as China ignores US pressure to devalue its currency. Ref. Source 9

Yuan - Renminbi

Key: China currency deal a boost

New Zealand has become one of the first countries in the world to be allowed direct currency trading with Chinese, a move aimed at reducing the cost of business in the economic superpower. Ref. Source 3

Yuan Renminbi

China to Set Yuan Clearing Banks in Luxembourg, Paris:

In its continued push to make the yuan a global currency, China's central bank said Sunday it plans to designate clearing banks for its currency in Paris and Luxembourg, as the two financial centers battle with London to become the leading European offshore yuan-trading city. Ref. Source 1

Yuan Renminbi Politics Business Civil & History

Marc Faber: Prepare for a Gold-Backed Chinese Currency:

China will eventually switch to a gold-backed currency. He bases this on the widespread understanding that China has larger gold reserves than is officially reported. Faber also explained why the US dollar's days as a global currency are numbered. Ref. Source 7