As yuan weakens, Chinese rush to open foreign currency accounts

Zhang Yuting lives and works in Shanghai, has only visited the United States once, and rarely needs to use foreign currency. But that hasn’t stopped the 29-year-old accountant from putting a slice of her bank savings into the greenback.

China seeks to stabilize yuan amid depreciation

A $100 banknote is placed next to 100 yuan banknotes in this October 16, 2010 file picture illustration taken...

The rising Yuan: Ocean carriers are starting to feel the squeeze

MNCs (Multi National Companies) that have manufacturing operations based in china are seeing...

Chinese yuan weakens to 6.1256 against USD

The value of the Chinese currency renminbi, or the yuan, weakened by 8 basis points to 6.1256 against the U.S....

Chinese yuan weakens to 6.1230 against USD

The value of the Chinese currency renminbi, or the yuan, weakened by 10 basis points to 6.1230 against the U.S....

Chinese Yuan Iron-Ore Contract Faces Hurdles

China’s Bohai Commodity Exchange hopes to increase its influence on the pricing of iron ore with a plan to...

CSCL losses swell in first quarter

CSCL deepened its losses by a whopping 894% to Yuan1.45bn ($226m) in the first quarter of 2012, having posted a Yuan146m loss in the same period last year.