Mar 11 , 2019
Beijing vows not to devalue yuan to help exports.
Christopher A. McNally Professor of Political Economy, Chaminade University
Mar 07 , 2019
The issue of currency manipulation remains one of the thorniest issues to be hammered out during the final rounds of US-China trade talks. So far, negotiations have not reached consensus on a mechanism for dispute resolution that could satisfy both sides.
Ben Reynolds Writer and Foreign Policy Analyst in New York
Feb 28 , 2019
In a rare harmony of interests, both China and the United States are pushing to stabilize the yuan. What remains to be seen is how this hypothetical agreement will bear on China’s long-term journey toward the yuan becoming one of the world’s principal reserve currencies.
Oct 26 , 2018
China says it's able to keep its yuan stable.
Derek Scissors Resident Scholar, American Enterprise Institute
May 10 , 2018
The Chinese government won’t devalue the yuan against the dollar, for reasons which may surprise both policymakers and mainstream economists.
Zhang Monan Senior Fellow, China International Economic Exchanges Center
Oct 26 , 2016
China needs to continue improving the RMB’s attraction as a financial transaction currency by marketizing the exchange rate and opening up the capital market. In the long-term, it means that the RMB internationalization will be more driven by being used in pricing and as reserve currency rather than by cross-border trade settlement.
Aug 19 , 2015
China’s central bank poured the largest amount of cash into the financial system on a single day in almost 19 months, signaling Beijing’s growing concerns about capital flowing out of the country following the recent weakening of its currency.
Aug 12 , 2015
Financial markets have reacted to signs that Chinese authorities believe it is necessary to act to boost flagging growth, said Ewen Cameron Watt, chief investment strategist at BlackRock's Inc.'s Investment Institute.
Aug 12 , 2015
The central bank set the official value of the renminbi nearly 2 percent weaker against the dollar. The devaluation is the largest since China's modern exchange-rate system was introduced at the start of 1994. China's abrupt devaluation is the clearest sign yet of mounting concern in Beijing that the country could fall short of its goal of roughly 7 percent economic growth this year.
Aug 11 , 2015
China devalued the yuan on Tuesday after a run of poor economic data, guiding the currency to its lowest point in almost three years in a move it billed as free-market reform. The central bank described it as a "one-off depreciation" of nearly 2 percent, based on a new way of managing the exchange rate that better reflected market forces, but economists said the timing suggested it was also aimed at helping exporters.