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Yuan Revaluation & Internationalisation
You can scan the News over time and see it evolve and change
Asia Times Online 2/6/2012
Japan, China bypass US in currency trade
Japan and China on Friday started direct trading between the yen and the yuan in Tokyo and Shanghai, by-passing the need first to exchange either currency into the US dollar. The move should strengthen trade between the two economies while marking an important step in the internationalization of the yuan.
- Kosuke Takahashi
China Daily 1/6/2012
Plans to open up the Shanghai Stock Exchange to foreign companies appear to have been put on hold
XinHua News 29/5/2012
Japan and China will begin direct yen- yuan trading on June 1, Japanese Finance Minister Jun Azumi said Tuesday, abandoning the existing system that determines yen-yuan rates via their U.S.dollar values.
Caixin Online 29/5/2012
- Move eliminates need to calculate value of U.S. dollar relative to both currencies
The Wall Street Journal 26/5/2012
Obama administration officials said China's currency remains "significantly undervalued" but again didn't label Beijing a currency manipulator in a semiannual report to Congress.
Caixin Online 13/5/2012
- Past experience suggests that taking a nation's currency international is a long, complicated affair
People's Daily 4/5/2012
Caixin Online 3/5/2012
Protestations over supposed currency manipulation are misguided, especially when access to China's markets offers a huge opportunity
The New York Times 3/5/2012
As American and Chinese officials convene talks, Treasury officials are vowing to press China to make its currency and financial systems more responsive to market forces.
China Daily 1/5/2012
What's the average wage in China and how does it compare with that in other countries?
People's Daily 1/5/2012
China has long been criticized for being too slow in reforming its exchange rate regime, and certain people even described the country’s latest move to widen the RMB’s trading band against the dollar as "a baby step."