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A buoyant dollar and a Covid-induced domestic economic slowdown were among the major factors pressuring the Chinese currency in 2022

China's yuan set for biggest annual loss since 1994

China's yuan finished the domestic session at a two-week high against the dollar today, but still looked set for the worst annual performance in 28 years.

Business • 30 Dec 22

August sees a drop in Chinese exports, up imports surge

China export growth slows in August but imports pick up

Chinese exports grew slower than forecast in August, hit by weak global demand, but analysts said that a jump in imports indicated a pick-up domestically and point to a further improvement.

Business • 08 Sep 17

China's benchmark Shanghai stock index closed 5.3% lower today

European shares slip as China sends Asia sprawling

Global stock indexes fell today, continuing a brutal start to 2016, as China's market tumbled again and the decline in oil prices worsened.

Business • 11 Jan 16

The International Monetary Fund recently announced that the yuan would join its basket of select currencies

China to measure yuan against basket of currencies

China's central bank has signalled a change in the way it manages the yuan's value by potentially loosening its peg to the US dollar and instead measuring it against a basket of currencies.

Business • 11 Dec 15

The yuan's inclusion is a largely symbolic move, with few immediate implications for financial markets

China's yuan added to benchmark currency basket

The IMF has admitted China's yuan into its benchmark currency basket in a victory for Beijing's campaign for recognition as a global economic power.

Business • 30 Nov 15

China cut the value of the yuan nearly 5% over a three-day period last week

China gives marginal boost to yuan

China's central bank has raised the value of the yuan against the US dollar by just 0.01%, the national foreign exchange market said, after a devaluation last week rocked markets.

Business • 17 Aug 15

China keeps a tight grip on its currency on worries sudden fund outflows or inflows could cause more financial risk and challenge its control

China halts slide in yuan's value after 2% drop

China's central bank has raised the value of the yuan against the US dollar by 0.05%, the national foreign exchange market said, ending three days of falls after a surprise devaluation.

Business • 14 Aug 15

China's economy has been slowing in recent months - and a weaker currency should help boost its exports

China's central bank tries to allay yuan fears

China's central bank has said that there was no basis for further depreciation in the yuan given strong economic fundamentals, in a bid to reassure jittery global markets after it devalued the currency earlier in the week.

Business • 13 Aug 15

China's currency devaluation is seen as an attempt to boost exports

China's yuan falls for a second day

China's yuan hit a four-year low this morning, falling for a second day after authorities devalued it in a move that sparked fears of a global currency war and accusations that Beijing was giving an unfair advantage to its struggling exporters.

Business • 12 Aug 15

A weaker yuan should help Chinese exports - particularly to the United States

China surprises markets by devaluing its currency

Asia's currencies have come under pressure after China unexpectedly devalued its yuan in the face of weakening growth, driving the dollar higher.

Business • 11 Aug 15

Japan and China to start direct currency trading

Japan and China will start direct currency trading this week, Tokyo said today, the first time Beijing has let a major unit other than the dollar swap with the yuan.

Business • 29 May 12

China's yuan weakens after reform move

China's yuan currency weakened against the dollar, the first trading day after a landmark move by Beijing aimed at liberalising its tight controls over the currency.

Business • 16 Apr 12

China will allow its yuan currency to fluctuate by up to 1% of a price set by its central bank

China plans to loosen currency controls

The International Monetary Fund has welcomed a decision by China's central bank to widen the yuan's trading band against the dollar in a major step towards loosening currency controls.

News • 16 Apr 12

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