China will allow the yuan to be traded against a wider variety of currencies in the onshore foreign exchange market, the central bank said in a report on Friday.
The
The appreciation of Chinese currency against the dollar could help India partially bridge its USD 20 billion trade gap with the neighbouring country, a survey by industry body FICCI said.
Half of China's textile mills may go bankrupt if the yuan appreciates by five per cent against the dollar as it would badly dent their thin margins, a top industrial
China's yuan could rapidly become an internationally used currency and serve as an alternative to the US dollar in central bank reserves, the Asian Development Bank said in a report
Indian exporters will be able to give competition to their Chinese rivals in the global market if yuan appreciates in sync with the strength of China's economy, industry here said
Finance Minister Pranab Mukherjee has said that China's decision to make its currency, yuan, more flexible will help the world economy.
"I would hope that China would address the problems
A mere indication by China’s central bank that it would make yuan rate more flexible, albeit within a narrow band, has raised the hopes of Indian exporters, especially leather and
Given the economic crisis in the euro zone and the US, an upward revaluation of Chinese currency Yuan will help China have more spending power and create a more balanced
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