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Chinese Yuan CNY

 

Detailed information and fundamental factors

Central Bank: People's Bank of China

Interest Rate: 4.35%

Public Debt to GDP Ratio, 2017: 18.6%

Trade Balance, 2017: $426 bln.

Inflation, 2017: 1.8%

Sovereign Credit Ratings:

Fitch
A+
Stable
Moody's
A1
Stable
S&P
A+
Stable

Supporting Factors

Major industrial exporter

strong

Factors of Weakness

Currency strengthening is opposed by the government

strong

The Chinese yuan is the commonly used name for the currency of the People’s Republic of China. Officially, the modern Chinese currency is called the Renminbi, while the yuan is the primary unit of that currency. The currency is used in China, but not in Hong Kong and Macau. The first renminbi banknotes were introduced in December 1948. The yuan was pegged to the US dollar through the most part of its history, though since 2005 China allowed it to float in a narrow corridor and intends to widen the free-float range over time as a part of the transition from central planning to a free market economy. The usage of the yuan in international trade is limited by severe regulations that forbid the currency to be used in transactions with foreign entities. China showed willingness to ease these regulations as it strives to make the yuan new reserve currency. China made agreements with Russia, Vietnam, and Thailand that allow trade with those countries to be settled directly in renminbi.



Chinese Yuan News Archive

Chinese Yuan Weakens As Stimulus Kicks In

The Chinese yuan is weakening to start the trading week as new economic data suggests that the federal government’s stimulus program may finally be seeping into the economy. On Monday, a couple of new reports and forecasts suggest an improvement for the world’s second-largest economy in recent months after a brutal 2018. With the US-China trade war in its end days, the economy might finally kick into overdrive.

Chinese Yuan Dips Despite Bullish IMF, Exports Forecasts

The Chinese yuan is trading lower against some of its currency rivals midweek. The world’s second-largest economy received a bit of renewed confidence this week as many analysts and investors are optimistic that Beijing could have a strong showing both this week and for the rest of 2019. Is China set to host the running of the bulls again?

Chinese Yuan Weakens Despite Bullish Manufacturing Data

The Chinese yuan is weakening against some of its currency rivals on Tuesday, despite a myriad of data that suggests the economy might be rebounding as the year progresses. Should investors be optimistic, or should they maintain a modicum of skepticism?

Chinese Yuan Mixed As Investors Wait Out Trade Talks

The Chinese yuan is mixed against several major currency rivals on Tuesday as investors hold steady and wait out the US-China trade talks. In the meantime, investors are looking at a myriad of reports to find a short-term trading direction for the currency. How much longer can traders hold out hope for a conclusion to the trade spat between the world’s two largest economies?

Chinese Yuan Mixed As Market Weighs PBOC’s Overhaul to Interest Rates

The Chinese yuan is mixed at the end of the trading week as the market weighs the People’s Bank of China (PBOC)’s long-postponed measure to overhaul interest rates. Investors might also be anxious over new data that found soaring debt levels and rising unemployment in the world’s second-largest economy could threaten stimulus initiatives. Other reports suggest the US wants Beijing to “double or triple” its offer to purchase American goods has not […]

Chinese Yuan Mixed on Stimulus, Corporate Spending

The Chinese yuan is mixed against a basket of currencies on Tuesday as investors are trading on a wide array of issues in the world’s second-largest economy. Beijing announced new stimulus measures, corporate spending and yuan deposits slumped to multi-year lows, and analysts are hoping for a second-quarter rebound. It has been an interesting week so far for China.

Chinese Yuan Rises Despite Weak Industrial Output

The Chinese yuan is making gains against its currency counterparts at the end of the trading week. Despite disappointing industrial output figures and reports of long delays for companies to get paid for their goods and services, the yuan will record a weekly gain against the US dollar and the euro.

Chinese Yuan Weakens As Exports Plunge 21% in February

The Chinese yuan is weakening against a basket of currencies to start the trading week, driven by new data that shows exports posted a double-digit decline last month. The ongoing US-China trade discussions lingered in the background as both sides negotiate over the yuan and exchange rates.

Chinese Yuan Weakens As State Stimulus, Bearish Forecasts Revealed

The Chinese yuan is weakening against several major currency rivals midweek. As the federal government unveiled its multi-layered stimulus to boost the economy, new forecasts show that economists believe growth could plunge to 2% in the next decade, but not before growing 6% this year.

Chinese Yuan Jumps on Data, Capped by Currency Manipulation Claims

The Chinese yuan is strengthening midweek on signs of an economic recovery, even though a government-sponsored enterprise (GSE) recently defaulted on its debt, sparking concerns about the world’s second-largest economy. But the yuan’s gains were capped on accusations that Beijing was manipulating its currency.

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