yuan

China requires bold structural reforms for new sources of growth: IMF

Though China's growth rate is slowing down, the world's second-largest economy can bounce back to regain the momentum and manage the risks involved, observes International Monetary Fund (IMF).

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IMF review recommends delaying currency basket adoption of yuan

The International Monetary Fund should put off any move to add the yuan to its Special Drawing Rights currency basket until September 2016, an IMF staff report said, a move that would effectively end the Chinese currency's chances of an early inclusion.

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Asian shares edge higher on Fed caution, China sell-off intensifies

Asian shares rose for a third consecutive day on Friday even as China stocks tumbled into correction territory, while the Federal Reserve's cautious stance towards lifting interest rates kept the dollar on the back foot.

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China April exports unexpectedly contract, import slide worsens, more stimulus seen

China's exports unexpectedly fell 6.4 percent in April from a year earlier, while imports tumbled by a deeper-than-forecast 16.2 percent, fueling expectations that Beijing will quickly roll out more stimulus to avert a sharper economic slowdown.

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China's March exports shrink 15 percent year-on-year in shock fall

China's export sales contracted 15 percent in March, a shock outcome that deepens concern about sputtering Chinese economic growth.

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Yuan level appropriate, reflects fx supply, demand: China central bank

The current level of China's yuan CNY=CFXS is appropriate because it reflects foreign exchange supply and demand and economic fundamentals, a top central bank researcher said on Saturday, playing down talk of suspected official intervention.

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China's international payments system ready, could launch by end-2015 - sources

China's long-awaited international payment system to process cross-border yuan transactions is ready, and may be launched as early as September or October, three sources with direct knowledge of the matter told Reuters.

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China proposes broadening use of Yuan for trade with Russia: report

China's trade minister proposed more use of China's currency in settling trade with Russia in the face of a falling rouble to ensure safe and reliable trade, Hong Kong broadcaster Phoenix TV reported on Saturday.

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China financial firms seek control deals in outbound M&A

Chinese financial firms are targeting purchases of distressed banking assets coming on the market in Europe, having been urged by Beijing to expand their reach beyond emerging markets.

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China's ICBC to set up offshore yuan center in Los Angeles

China's Industrial and Commercial Bank (ICBC) signed a pact with the Los Angeles city government to promote cross-border yuan trade and set up an offshore renminbi center in California, the bank said on Saturday.

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Wal-Mart to focus on food safety in China: Asia chief

Wal-Mart Stores Inc (WMT.N) is focusing on food safety as the world's largest retailer aims to boost profitability of its more than 400 stores in China, Wal-Mart Asia chief executive Scott Price told Reuters.

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Singapore's OCBC unveils $100M China private equity fund

Singapore's Oversea-Chinese Banking Corp. Ltd. recently launched a $100 million private equity fund to invest in onshore Chinese companies over the next five years. The said fund will managed by OCBC Capital Equity Investment Management Co. based in Shanghai.

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China moves towards convertibility of the yuan with free trade zone

China establishes free trade zone to help liberalize yuan trade.

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Canada Sets Out to become First North American Yuan Currency Trading Hub

Canada's banks are striving to make Toronto a yuan currency trading hub, which would a first in North America.

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Canada Sets Out to become First North American Yuan Currency Trading Hub

Canada's banks are striving to make Toronto a yuan currency trading hub, which would a first in North America.

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