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Latest Currencies of China Stories

2011-06-25 00:00:31

Allied Wallet has announced its ability to settle purchases in the Chinese Yuan currency. Beginning June 23rd, 2011 Allied Wallet will to offer its merchants the ability to accept transactions from customers using the Yuan. Los Angeles, CA (PRWEB) June 24, 2011 Allied Wallet has announced its ability to settle purchases in the Chinese Yuan currency. Beginning June 23rd, 2011 Allied Wallet will to offer its merchants the ability to accept transactions from customers using the Yuan. Allied...

2011-03-14 06:35:00

BEIJING, March 14, 2011 /PRNewswire-Asia/ -- On March 14, Evergrande (3333.HK), the leading real estate enterprise in China, released its achievements in Hong Kong. It announced that the Group's sales amount of February 2011 was 4.5 billion yuan, and the sales area was 684,000 square meters, with an increase of 261.6% and 299.9% respectively on a year-on-year basis. Thus, Evergrande's sales amount of January and February was 14.29 billion yuan, with an increase of 202.7% on a year-on-year...

2010-03-23 15:31:00

WASHINGTON, March 23 /PRNewswire-USNewswire/ -- In a written statement submitted to the Committee on Ways and Means of the U.S. House of Representatives, the Copper and Brass Fabricators Council ("Council") today urged that legislation be passed to address injury caused to U.S. domestic industry by imports from China and other countries with fundamentally undervalued currencies. The full committee hearing, to be held on March 24, 2010, has been scheduled by Ways and Means Committee...

2009-09-16 06:20:11

China may be the world's fastest growing economy but its central bank official says it is not yet time to internationalize the country's currency. We should be very cautious in discussing internationalization of the country's currency, Guo Qingping, assistant governor of the People's Bank of China, told a domestic briefing on the Group of 20 summit next week in Pittsburgh, China Daily reported. He said China's economy is still small compared to the United States and its currency exchange is...

2008-10-01 09:00:28

China cuts Q4 jet fuel price by nearly 6.9 pct BEIJING, Oct. 1 (Xinhua) -- Chinese airlines, which are set to benefit from the ongoing "golden week" travel peak, started their fourth-quarter operation on Wednesday with another good news -- lower jet fuel price. In the forth quarter, jet fuel price on the Chinese mainland was lowered to 7,750 yuan (1,138 U.S. dollars) per ton, nearly 6.9 percent or 570 yuan (83.7 U.S. dollars) less than in the third quarter. The National Development...

2008-10-01 06:00:39

Text of report in English by official Chinese news agency Xinhua (New China News Agency) [Xinhua by nearly 6.9 pct: "China Cuts Q4 Jet Fuel Price by Nearly 6.9 Pct"] Beijing, Oct. 1 (Xinhua) - Chinese airlines, which are set to benefit from the ongoing "golden week" travel peak, started their fourth-quarter operation on Wednesday with another good news - lower jet fuel price. In the forth quarter, jet fuel price on the Chinese mainland was lowered to 7,750 yuan (1,138 US dollars) per...

2006-07-21 12:40:26

WASHINGTON (Reuters) - Two U.S. senators warned Beijing on Friday they could demand a vote on their bill threatening China with steep U.S. import duties because of the scant progress it has made revaluing its currency. "China could clearly do more, and if this pace continues, we will have no choice but to call up our bill for a vote before Congress adjourns for the year," Sens. Charles Schumer, a New York Democrat, and Lindsey Graham, a South Carolina Republican, said in a joint...

2006-06-01 04:47:17

By Gernot Heller BERLIN (Reuters) - China should speed up adjustment of its yuan exchange rate policy to reflect market conditions, U.S. Treasury Deputy Secretary Robert Kimmitt said on Thursday. China's central bank on Wednesday reaffirmed its commitment to deepen foreign exchange reform to make the yuan more flexible while keeping the currency on an even keel. "We'd like to see that ... the Chinese move their currency more quickly to reflect the underlying market conditions,"...

2006-05-10 15:04:56

WASHINGTON (Reuters) - The Treasury Department ruled on Wednesday that China was not a currency manipulator but pledged to "actively and frankly" push Beijing toward faster exchange-rate flexibility that would let its yuan rise in value. Treasury's decision was certain to anger lawmakers who claim China is dragging its feet deliberately while flooding U.S. markets with cheaply priced goods, but Treasury said Beijing was moving, albeit too slowly, on currency reforms. "Given our...


Word of the Day
bodacious
  • Remarkable; prodigious.
  • Audacious; gutsy.
  • Completely; extremely.
  • Audaciously; boldly.
  • Impressively great in size; enormous; extraordinary.
This word is probably from the dialectal 'boldacious,' a blend of 'bold' and 'audacious.'
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