BEIJING, Jan 4 (Reuters) - China has uncovered 530 billion yuan ($84.21 billion) worth of irregularities with local government debt, the National Audit Office said on Wednesday. An audit report, ...
The heat is on the Chinese government to do something about its yuan problem. The 8.3 solution – the rate at which China’s currency is pegged to the American dollar – has become intolerable to the ...
Russian banks are running low on yuan, Bloomberg reported. That's forced Russian firms to pay more to access the currency. Yuan swap borrowing has doubled since June, Bloomberg calculated. An ...
Russia may not be able to rely on the Chinese currency as initially hoped, as Beijing's banks are forced to comply with U.S. sanctions imposed on Russian President Vladimir Putin's economy in response ...
The Chinese currency showed limited response to Beijing’s newly unveiled five-year plan. On Thursday, the Communist Party ...
WASHINGTON | Rep. Pete Visclosky, D.-Ind., co-sponsored a bill Monday that seeks to halt China's undervaluation of its currency, which proponents say hurts U.S. steel manufacturing and other ...
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