U.S. Treasury Secretary Henry M. Paulson says he will push for more Chinese flexibility in allowing its currency to appreciate, saying it “doesn’t reflect reality.” A June 13 report from the U.S.
What changes when China’s leader finally states a reserve currency ambition explicitly? Xi Jinping has now done so, calling for the renminbi to attain global reserve currency status, not in a speech ...
On the 1st, the central banks of South Korea and China renewed a 5-year, 70 trillion won (400 billion yuan) ‘won-yuan currency swap agreement’ during the first Korea-China summit. The presidential ...
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