renminbi

China Takes Further Steps Towards Internationalizing the Renminbi

March 14, 2012 09:48

By Xiaolei Gu Mar. 14 – The China Development Bank (CDB) has taken the initiative to bring out an agreement among the BRICS nations by pledging to extend credit in renminbi (RMB) to the group’s four other members, according to a report by the Financial Times. To this effect, a memorandum of...

China’s Wen Promises RMB Stability to Trade Companies

October 19, 2011 02:49

By Vivian Ni Oct. 19 – During his recent tour to China’s southern province of Guangdong, Chinese Premier Wen Jiabao vowed to offer more support – including a “basically stable RMB exchange rate” – to exporters that have been suffering from the tightening lending environment, local...

China’s Pan Asia Gold Exchange: A New Playing Field for Speculators?

October 11, 2011 09:43

By Vivian Ni Oct. 11 – In an age when the assets of insolvent Western economies are becoming less reliable and international investors appreciate gold as a safe haven, the Chinese know it is time for them to play a larger role in the global gold market. The Pan Asia Gold Exchange (PAGE)...

U.S. Passes Up Second Chance on RMB

Stan Abrams
April 22, 2010 06:17

The US launched a probe into Chinese exports of aluminium products on Wednesday night but postponed a decision on whether to include the country’s exchange rate policy in its inquiry. The investigation, announced by the commerce department, will unfold over the next few months, with an initial...

Is Obama Getting Played By China?

Stan Abrams
April 05, 2010 13:09

The journalistic sport of the weekend was generating lots of column inches about the US-China diplomatic dance over the RMB and Iran sanctions. Wonderful story. You have the ominous problem of nuclear proliferation and upcoming multilateral meetings focused on Iran. Then there’s the value of...