IMF Approves Chinese Yuan As Reserve Currency International Monetary Fund’s executive board, which represents 188 member nations have decided the Yuan meets the standard of...
Finally International Monetary Fund (IMF) is set to include Chinese Yuan in its Special Drawing Rights (SDR) reserve currency on Monday, November 30. The board is...
China’s 10-year government bonds headed for the biggest weekly advance in a month as deteriorating economic data spurred speculation the central bank will further ease monetary...
China said it cracked the nation’s biggest “underground bank,” which handled 410 billion yuan ($64 billion) of illegal foreign-exchange transactions, as the authorities try to combat...
China’s industrial output rose 5.6 percent in October, a 0.1 percent below 5.7 percent recorded in September even after People’s Bank of China (PBOC) lowered its...
Global coal consumption fell 2.3 percent to 4.6 percent in the first nine month of the year when compared with same period last year. The decline...
China stepped up monetary easing with its sixth interest-rate cut in a year to combat deflationary pressures and a slowing economy, moving ahead of anticipated fresh...
China’s economic downturn continues as China’s industrial profits fell the most in four years on Monday, dragging profits in coal mining 64.9 percent lower this year...
The People’s Bank of China injects $23.4 Billion into the financial system in an effort to stem the current market rout. This is the most added...
Chinese stocks, Shanghai SE Composite sank to 3 week low, erasing 6.15 percent to close at 3,748.16 on Tuesday. Shanghai SE share Index plunged even more...