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  • China had Good Reason' to depreciate yuan, Zhu says 9 Dec 2009 17:30 GMT
    ... China had ‘Good Reason’ to depreciate yuan, Zhu says China had “good reason” to ... financial crisis; we decided to stabilize the renminbi exchange rate,” Zhu said at a forum ... the International Monetary Fund that a “stronger Chinese currency makes Chinese people richer and encourages consumption.” ...

  • Steady as the yuan goes 1 Dec 2009 03:00 GMT
    ... out at critics who say restricting the yuan's appreciation is hurting the global economy by ... the currency issue, adding that a stable renminbi – the Chinese currency – is actually in the interest of ...

  • China rejects currency hike 1 Dec 2009 10:32 GMT
    ... Wen Jiabao rejected calls for a stronger Chinese currency and accused critics of seeking to undermine ... possibly endangering the economic recovery. Keeping the yuan, also known as the renminbi, stable is what’s best for China’s economy ...

  • Many Investors Peering Over China's Yuan Wall 10 Dec 2009 14:35 GMT
    ... Many Investors Peering Over China’s Yuan Wall Hong Kong. The allure of raising a Chinese currency fund is strong for private equity companies. ... we are successful, will be 5 billion renminbi, roughly $750 million equivalent, so that is ...

  • China shrugs off EU appeal for help on currency 1 Dec 2009 00:03 GMT
    ... Wen Jiabao rejected calls for a stronger Chinese currency and accused critics of seeking to undermine ... possibly endangering the economic recovery. Keeping the yuan, also known as the renminbi, stable is what's best for China's economy ...

  • Wen says yuan stability vital 1 Dec 2009 02:39 GMT
    ... on Monday said international pressure over China’s currency policy was "unfair" and that a stable yuan is crucial to his nation’s economic health. ... refers to maintaining its current value. The Chinese currency has been effectively pegged to the US ...

  • No winners if yuan rises, says China think - tank 7 Dec 2009 02:56 GMT
    ... ArticleData Array ( [Article] => Array ( [article_id] => ... => 1146947 [headline] => No winners if yuan rises, says China think - tank [abstract] ... stifling international pressure on the yuan, or "renminbi," which the United States, European Union and ...

  • No winners if yuan rises, says China think-tank 7 Dec 2009 01:14 GMT
    ... BEIJING (Reuters) – Lifting the value of China's yuan currency would hurt, not help, global economic ... stifling international pressure on the yuan, or "renminbi," which the United States, and other major ...

  • 'Protectionism' behind calls to revalue renminbi 1 Dec 2009 09:04 GMT
    ... countries, on the one hand, want the renminbi to appreciate but, on the other hand, ... US President Barack Obama's appeals on the Chinese currency were similarly denied while on his first ...

  • China Will Relax Control On Its Currency - Pimco 3 Dec 2009 14:30 GMT
    ... that China will ease controls on its currency are among the best in emerging markets, ... rebound in global growth, he said. Twelve-month yuan non-deliverable forwards were little changed at 6.6225 ... to benefit from eventual flexibility in the Chinese currency,” Gomez wrote. “That flexibility should, in turn, ...

  • Yuan edges down after China paper warns weak dlr 4 Dec 2009 07:12 GMT
    ... * Weak dollar "holding back" economic recovery - paper * Yuan may appreciate after exports fully recover - ... Party did not mention China's own yuan currency. The Chinese central bank fixed the yuan's ...

  • China digs in on cheap, stable yuan 1 Dec 2009 05:50 GMT
    ... SHANGHAI — Chinese Premier Wen Jiabao yesterday strongly rejected “unfair” ... yesterday strongly rejected “unfair” calls for the yuan to appreciate while imposing trade protectionism on ... here” on gains by the yuan, or renminbi, Jean-Claude Juncker, who chairs a group of ...

  • China Pushes Back Against Calls for Yuan Rise 1 Dec 2009 06:11 GMT
    ... NANJING, CHINA — China pushed back Monday against calls to ... Jiabao warning that an appreciation in the yuan could hobble Chinese growth. Speaking to reporters ... now the yuan, also known as the renminbi, would be kept steady. “In this international ...

  • EU seeks China's help on climate change, currency 1 Dec 2009 04:31 GMT
    ... Chinese Premier Wen Jiabao rebuffed calls from European leaders for ... as climate change. Beijing's policy for the yuan, also known as the renminbi, is what's best for China's economy and ...

  • China president dismisses calls to revalue yuan, cites Western "protectionism" 1 Dec 2009 15:34 GMT
    ... > > China president dismisses calls to revalue yuan, cites Western "protectionism" Following a summit meeting ... Wen said that foreign nations "want the renminbi [another name for China's currency] to appreciate ...


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"What [U.S.] should do is some deep soul-searching."
— Yu Qingtai, China's chief climate negotiator

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Markets

Exchange Rates:

Chinese Renminbi:
USD 1 = CNY 6.8262
EUR 1 = CNY 10.0403

Hong Kong Dollar:
USD 1 = HKD 7.7506
EUR 1 = HKD 11.3999

Macau Pataca:
USD 1 = MOP 7.9831
EUR 1 = MOP 11.7418

Taiwan Dollar:
USD 1 = TWD 32.2950
EUR 1 = TWD 47.5008

USD 1 = EUR 0.6799
EUR 1 = USD 1.4708

Closing Stocks:
Shanghai A: 3,413.22(0.46%)
Shenzhen A: 1,280.96(0.68%)
Hang Seng: 21,592.73(-0.69%)
Taiwan Taiex: 7,677.91(-1.53%)

Country Info About China

Visit the World Factbook for detailed information about China.
 

This Day in History

Dec. 10

This year marks the beginning of Opium Wars between China and Britain.
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