Yuan Policy

The plan of action for the Chinese yuan, or renminbi, has been the subject of debate over how the currency should appreciate over time. While the Chinese government has effectively pegged the yuan to the U.S. dollar since mid-2008, citing the need for stability, others have issued calls for allowing the currency to appreciate at a faster rate.

China’s January trade surplus plummets

China’s trade surplus fell 53.5 percent to $6.45 billion in January, as both exports and imports increased sharply ahead of the Lunar New Year holidays in the country, the General Administration of Customs said on Monday.

China defends yuan policy ahead of Hu's U.S. trip

China will not bow to foreign demand for faster gains in the yuan and will stick to its gradualist approach in currency reform, senior officials said on Friday, indicating Chinese President Hu Jintao may push back if President Barack Obama presses him on the issue next week.

China's December trade surplus narrows

Data showed on Monday the Chinese trade surplus narrowed in December, easing the conflict between Beijing and Washington over rising U.S. trade deficit even as Chinese President Hu Jintao is scheduled to meet President Obama in the White House on January 19.
EDITOR'S PICK